U.S. dollar recovered some ground on Wednesday while stocks posted modest losses, with investors still voicing caution over how U.S. policy will develop under Donald Trump's presidency days ahead of his inauguration. Energy stocks fell along with oil futures and U.S. Treasury yields rose on higher inflation ahead of a speech by U.S. Federal Reserve chair Janet Yellen. While Wall Street has been betting on Trump's promises of lower taxes, lighter regulation and fiscal spending, some investors hit the pause button before he officially takes office on Friday as he has yet to unveil clear policy plans.
CAIRO (AP) — Egyptian authorities have placed one of the country's all-time greatest soccer players on a terror watch and no-fly list, over accusations he helped finance the Muslim Brotherhood, now banned as a terrorist organization, judicial officials said Wednesday.
WASHINGTON (AP) — Embracing his clemency powers like never before, President Barack Obama is planning more commutations in his final days in office after a dramatic move to cut short convicted leaker Chelsea Manning's sentence.