Stocks mostly higher…Amazon confirms new headquarters in New York, Virginia…CNN sues
NEW YORK (AP) – U.S. stock indexes are mostly higher in early trading, erasing some of the losses from a steep, technology-driven sell-off a day earlier. Gains in banks and technology companies outweighed losses elsewhere in the market. Crude oil prices headed sharply lower, continuing a long downturn. Bond prices rose, sending yields lower.
NEW YORK (AP) – Amazon has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Virginia. Its New York location will be in the Long Island City neighborhood of Queens, while its Arlington offices will be located in an area called National Landing. Each site will get 25,000 jobs. In addition, the online retailer said it will open an operations hub in Nashville, creating 5,000 jobs.
NEW YORK (AP) – CNN is suing the Trump administration, demanding that correspondent Jim Acosta’s press credentials to cover the White House be returned. The administration revoked them last week following President Trump’s contentious news conference, where Acosta refused to give up a microphone when the president said he didn’t want to hear anything more from him. CNN claims the revocation of Acosta’s press pass violates the constitutional rights to freedom of the press and due process.
PROVIDENCE, R.I. (AP) – A former president of Mexico is warning of the possible consequences of U.S. trade policy. The warning came during a lecture at Brown University in Rhode Island. The Providence Journal reports that Ernesto Zedillo said Monday a trade war with China could reach “epic proportions, with irreversible damage.” He also criticized the attempts to renegotiate the North American Free Trade Agreement and the Trans-Pacific Partnership, saying the new provisions of the latter were “damaging to American interests.”
BOSTON (AP) – A Black Panther “slash claw” and a plastic Power Rangers sword are among the toys topping a consumer safety group’s annual list of worst toys for the holiday season. Massachusetts-based World Against Toys Causing Harm unveiled its list today at a Boston children’s hospital. A Nerf gun, a Cabbage Patch Kids doll and a xylophone for infants also made the list.