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US stock market notches best week since late November

Wall Street turned the page on a painful May in the stock market by notching its best week since late November.

Stocks climbed for a fourth consecutive day Friday, capping a week of gains that reversed most of the losses in May, when President Donald Trump’s tariff threats escalated trade wars with China and Mexico.

The latest rally came as investors welcomed a report showing that the U.S. added fewer jobs than expected last month. The lackluster snapshot of hiring appeared to increase the odds that the Federal Reserve will have to cut interest rates in coming months.

Senior executives leave Uber after internal shakeup

NEW YORK (AP) — Uber is parting ways with two of its top executives less than a month after the company’s rocky stock market debut.

CEO Dara Khosrowshahi told employees in an email Friday that he plans to be more involved in day-to-day operations now that the initial public offering of stock has passed. He said the heads of the company’s global rides and food-delivery teams will report directly to him, and Chief Operating Officer Barney Harford will leave the company.

Long-distance trip: NASA opening space station to visitors

NEW YORK (AP) — You’ve heard about the International Space Station for years. Want to visit?

NASA announced Friday that the orbiting outpost is now open for business to private citizens, with the first visit expected to be as early as next year.

There is a catch, though: You’ll need to raise your own cash, and it won’t be cheap.

A round-trip ticket likely will cost an estimated $58 million. And accommodations will run about $35,000 per night, for trips of up to 30 days long, said NASA’s chief financial officer Jeff DeWit.

Free traders no more? GOP warms up to Trump’s use of tariffs

WASHINGTON (AP) — Even with President Donald Trump backing off his threat to slap tariffs on goods from Mexico, his transformation of Republican Party trade policy is nearly complete.

Republican lawmakers usually don’t like tariffs. They’re viewed as a tax on consumers and unwanted government intervention in free trade. But many Republicans, unwilling to buck Trump, were prepared to follow the president’s lead and support 5% tariffs on Mexico in his dispute over illegal immigration .

2 first-timers among 5 nations elected to Security Council

UNITED NATIONS (AP) — Estonia and the Caribbean island nation of St. Vincent and the Grenadines were elected to the U.N. Security Council on Friday, marking the first time the countries will hold seats on the U.N.’s most powerful body.

Niger, Tunisia and Vietnam also won two-year terms, and the five countries will take their new spots next year on the 15-member council.

Trump says US, Mexico reach agreement to prevent tariffs

WASHINGTON (AP) — President Donald Trump announced that he had suspended plans to impose tariffs on Mexico, tweeting that the country “has agreed to take strong measures” to stem the flow of Central American migrants into the United States. But the deal the two neighbors agreed to falls short of some of the dramatic overhauls the U.S. had pushed for.

US will not accept more Turkish F-35 pilots over S-400

7 June 2019; MEMO: The United States has decided to stop accepting any additional Turkish pilots who planned to come to the United States to train on F-35 fighter jets, US officials say, in a clear sign of the escalating dispute over Ankara’s plans to purchase Russian air defences, Reuters reports.

UN chief calls for action on air pollution to save lives

UNITED NATIONS, Jun 06 (APP): UN Secretary-General Antonio Guterres, marking World Environment Day, has emphasized the link between worsening levels of air pollution and the climate crisis.

As well as claiming seven million lives every year, and damaging children’s development, the UN chief noted in a message on the occasion that many air pollutants cause global warming, which he has described as “an existential threat.”

WB downgrades global growth forecasts, poorest countries hardest hit

UNITED NATIONS, June 6 (APP): The World Bank has lowered its expectations of global economic growth for this year in a new report, saying that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.

The risks to emerging and developing economies include rising trade barriers, slow investment, and economic slowdowns in richer countries.

“Stronger economic growth is essential to reducing poverty and improving living standards,” said World Bank Group President, David Malpass, in a statement released in Washington.

Section of Trump’s border wall to get new paint

In a mission to “improve the aesthetic appearance” of President Donald Trump’s wall, active-duty troops will begin painting a stretch of border fence as part of a military deployment to secure the border at a time when tens of thousands of Central American families have been arriving in the U.S. and overwhelming the immigration system.

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