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Government Policy

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Stocks shook off a wobbly start and pushed mostly higher in the first few minutes of trading on Wall Street. The S&P 500 rose 0.1% in the early going Thursday, and other major indexes were also posting modest gains. Nearly all sectors rose, with Big Tech companies again making the most substantial gains. Investors were still absorbing new guidance from the Federal Reserve from a day earlier anticipating that the Fed could now consider raising interest rates as soon as 2023, earlier than previously expected. Ford rose after saying the outlook for its second quarter is improving. European and Asian markets were mixed.

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LONDON (AP) — Scotch whisky makers breathed a sigh of relief Thursday after the United States agreed to suspend tariffs on one of Scotland's main exports following the resolution of a long-standing trade row between the U.S. and the EU over subsidies to aircraft companies Boeing and Airbus.

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WASHINGTON (AP) — President Joe Biden’s first overseas trip put his diplomatic and negotiating philosophy on display, as he rallied traditional U.S. democratic allies to confront new and old challenges and offered an often rosy take on the possibilities of cooperation with Russian President Vladimir Putin after a one-on-one summit.

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COLUMBUS, Ohio (AP) — Members of the Ohio House expelled Rep. Larry Householder, the federally indicted Republican ex-speaker, Wednesday in a bipartisan vote that invoked their powers to remove a member for the first time in 150 years.

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GENEVA (AP) — U.S. President Joe Biden and Russia’s Vladimir Putin exchanged cordial words and plotted modest steps on arms control and diplomacy but emerged from their much-anticipated Swiss summit Wednesday largely where they started -- with deep differences on human rights, cyberattacks, election interference and more.

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AUSTIN, Texas (AP) — Texas Gov. Greg Abbott said Wednesday that he will use $250 million in state money and crowdsourced financing to build more barriers along the U.S. border with Mexico, part of an emerging proposal that also extends his political fight over immigration with the Democratic Biden administration.

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WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.

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TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis castigated the Biden administration for what he called “a disaster and an emergency” at the nation's border with Mexico and said Wednesday that he would send law enforcement to Texas and Arizona, whose Republican governors have appealed to other states for help.

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The U.S. Education Department on Wednesday expanded its interpretation of federal sex protections to include transgender and gay students, a move that reverses Trump-era policy and stands against proposals in many states to bar transgender girls from school sports.

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BRUSSELS (AP) — The European Union’s testy relations with Russia are likely to get worse and the bloc’s 27 member countries must ensure that Moscow does not divide them, the EU’s top diplomat warned Wednesday.

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