The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Democratic frontrunner Joe Biden on Monday appealed to a billionaire Republican donor for fundraising help in his presidential campaign. But the financier, Trump-supporting...Politicsread more
Facebook and other groups are behind a new programming language for working with the Libra blockchain.Technologyread more
Tesla investors are regaining confidence in a quieter Elon Musk — even as they question the company's ability to hit its production goals for the second quarter.Autosread more
Long-time blockchain technologists say Facebook's Libra digital currency will introduce billions to cryptocurrencies, but the company's problems with trust and privacy remain...Technologyread more
Valisure, an online pharmacy company, told the FDA that high levels of dimethylformamide were found in valsartan, a drug produced by Swiss drugmaker Novartis and other...Health and Scienceread more
HAVANA, June 4 (Reuters) - The Trump administration on Tuesday imposed heavy new restrictions on travel to Cuba, saying the move aimed to further pressure the Communist government over its support for Venezuela's embattled President Nicolas Maduro.
The Treasury Department said in a statement the United States would no longer allow so-called group people-to-people educational travel, one of the most popular exemptions to the overall ban on U.S. tourism to Cuba.
It also said it would no longer authorize passenger and recreational vessels and private and corporate aircraft to travel to Cuba.
The administration of U.S. President Donald Trump, which has steadily been tightening the decades-old U.S. trade and travel embargo on Cuba since it came to power, had announced the new restrictions in April as part of its battle against socialism in Latin America.
"Cuba continues to play a destabilizing role in the Western Hemisphere, providing a communist foothold in the region and propping up U.S. adversaries in places like Venezuela and Nicaragua by fomenting instability, undermining the rule of law, and suppressing democratic processes, said Treasury Secretary Steven Mnuchin.
"These actions will help to keep U.S. dollars out of the hands of Cuban military, intelligence, and security services.
Various lawyers and Cuba experts said the new restrictions looked likely to end U.S. cruises to the island, which have been allowed since a brief 2014-2016 detente between Cuba and the United States under former U.S. President Barack Obama.
"US cruise ship travel to Cuba has been a walking deadman since the Trump administration announced impending restrictions on non-Cuban American travel several weeks ago," Washington lawyer Robert Muse said by email.
"The pity is the cruise ships dragged down with them many valuable educational travel programs conducted by major US institutions such as National Geographic, Smithsonian, MetropolitanMuseum and dozens of others." (Reporting by Sarah Marsh and Marc Frank in Havana; Editing by Tom Brown)