U.S. equities fell sharply Thursday as investors digested a massive global sell-off, CNBC reported.
The Dow Jones industrial average was about 190 points lower by midmorning trading after briefly falling more than 250 points in premarket trading.
The S&P 500 was up 6 points from its negative 30 slump at the opening bell. The financial sector fell nearly 2.5 percent, on track for its first five-day losing streak since August.
The Nasdaq composite fell 0.5 percent, as biotechnology stocks and several technology stocks fell.
In midmorning trading, U.S. crude was 49 cents lower, or 1.7 percent, at $26.96 a barrel.
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President Barack Obama will be in California for a weeklong stretch that includes four fundraisers Thursday in Silicon Valley and Los Angeles.
The president also is scheduled for a taping of "The Ellen DeGeners Show" during the Southern California stop.
Obama arrived in California late Wednesday after delivering a speech about civility in politics to the Illinois General Assembly. He entered politics as an Illinois state senator.
Obama was last in the Los Angeles area in October, when he attended a series of fundraisers for the Democratic Senatorial Campaign Committee and Democratic National Committee.
State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise the Senate began pushing toward final congressional approval.
The Senate was expected to vote Thursday to send the measure to President Barack Obama as part of a wide-ranging bill that would also revamp trade laws.
The Internet tax provision had broad support, with few senators eager to oppose the bill and open the door to taxing online access during an election year.
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Tens of thousands of Iranians marched in Tehran's Azadi Square Thursday, chanting "Death to America and Israel" and waving anti-Western placards on the 37th anniversary of the country's 1979 Islamic revolution.
"I have a message for Obama, you can't do anything to us and anything you say is a lie," said 37-year-old Ahmad Norouzi, a nurse, wore a bandana on his head that read: "We will not allow foreign influence."
President Hassan Rouhani gave an address, saying that Iranians will "never yield" to outside pressure.
"Our nuclear victory showed to the world that Iranians are capable of winning any battle, including diplomatic battles," Rouhani told the crowds.
Despite the political message, there was an almost carnival atmosphere with face-painted teenagers frolicking in the streets while vendors sold goods.
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Harris County Sheriff's Office/NBC 5 News
The Harris County Sheriff's Office in Texas has fired two deputies accused of having sexual relationships with a slain deputy's alleged mistress, a witness to the killing.
Deputy Darren Goforth was shot in the back and killed last August at a Houston-area gas station. The suspect, 31-year-old Shannon Miles, is facing a capital murder charge. He was ruled incompetent to stand trial earlier this month.
Attention is now shifting to the sheriff's department itself, which has fired two deputies accused of having sexual relationships with a woman who claimed to be Goforth's mistress and was seen crying over his body the night of the killing.
"The leader of any organization would be highly embarrassed for the conduct of an officer that would lead up to termination due to some kind of relationship," said Harris County Sheriff Ron Hickman.
The director of the Centers for Disease Control will testify before a senate committee Thursday morning to discuss the threat of the Zika virus.
CDC director Tom Frieden along with Anthony Fauci from the National Institute of Allergy and Infectious Diseases will appear before the Senate Appropriations Subcommittee on Labor Health and Human Services.
Senators will discuss President Obama's request for $1.8 billion in emergency funding to combat Zika as well as the emerging health threat of the virus.
North Korean leader Kim Jong Un executed a top military chief in his army for corruption and other charges, according to various South Korean officials.
"(Army General) Ri Yong-Gil stopped appearing at important functions and I am getting multiple confirmations from diversified North Korean sources that Ri has been executed," a South Korean assemblyman told NBC News.
The Associated Press quoted an unnamed South Korean official who claimed that the execution was done to strengthen Kim's hold.
Ri's execution would be the latest in a series of killings, purges and dismissals since Kim took power in late 2011.
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Five people are facing criminal charges in connection with the gas explosion that leveled three buildings and killed two people in Manhattan's East Village in 2015, law enforcement sources told NBC 4 New York.
The arrests come nearly 11 months after the March 26 blast at 121 Second Ave., between East Seventh Street and St. Marks Place. The explosion injured two dozen people and caused the deaths of Moises Locon and Nicholas Figueroa. The bodies of both men were found in the rubble of what had been a ground-level sushi restaurant.
The co-owner of a Northern California slaughterhouse at the center of a nationwide food recall two years ago has been sentenced to federal prison.
The Press Democrat reports that 78-year-old Jesse "Babe" Amaral Jr. of Rancho Feeding Corp. pleaded guilty last year to distributing adulterated, misbranded and uninspected meat.
Amaral was sentenced Wednesday to a year in prison and two years of supervised release. He was spared a greater sentence because of poor health.
Cliven Bundy, the father of the jailed leader of the Oregon refuge occupation and who was the center of a standoff with federal officials in Nevada in 2014, was arrested in Portland, the FBI said.
Authorities arrested the 74-year-old Nevada rancher after he arrived at Portland International Airport from Las Vegas Wednesday night. He was booked into the lockup just before 11 p.m., according to Multnomah County Jail records. No charges were listed and his projected release date was listed as unknown.
The FBI confirmed Bundy was taken into federal custody but declined to provide a reason or other details, saying further information would be released by the U.S. Attorney's office in Las Vegas, which did not respond to a phone call early Thursday.
The Oregonian reported Bundy will face a conspiracy charge of interfering with a federal officer related to the stalemate at his ranch in 2014.
NBC Bay Area
A San Francisco Bay Area coffee shop is charging $15 for a cup of joe — and apparently people can't get enough of it.
The not-your-average cup is called Finca Sophia and can be found at Equator Coffee, which has locations in San Francisco and Mill Valley.
The beans are from the Gesha variety, grown way up in the mountains of Panama. It took eight years to produce the first crop, which was not much and prompted a spike in price.
Equator Coffee educator Akaash Saini said when it comes to Finca Sophia, you get what you pay for.
"It's almost like a top-shelf whiskey, or a $40 bottle of wine compared to an $8 bottle of wine," Saini said.
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The city of Boston is trying to rid the streets of unsightly cigarette butts by placing special receptacles in high traffic areas that will allow smokers to vote on a simple question.
The receptacles for cigarette butts have two disposal holes each and will be placed in seven areas of the city. Each receptacle is decorated with a question that has two possible answers.
For example, one receptacle asks smokers: "Which superpower would you want?" Smokers can dispose of their cigarettes in holes marked "Flight" and "Invisibility."
Charges against a New Jersey woman who nursed two abandoned baby squirrels back to health have been dropped on a technicality.
Maria Vaccarella, of Howell, had faced up to $500 in fines after she took in a pair of baby squirrels abandoned by their mother. Vaccarella used social media to document the rehab, which caught the attention of state Fish and Wildlife officials.
She was charged with illegally being in possession of wildlife in July.
NJ.com reports a judge dismissed the charges after finding that the summons she was issued didn't charge her with the correct offense.
Courtesy of Rice Family Attorney
The city of Cleveland is seeking $500 in reimbursement from Tamir Rice for the ambulance ride that he was on after being fatally shot by police in 2014.
Assistant Law Director Carl Meyer filed the creditor's claim in Cuyahoga County Probate Court on Wednesday, NBC affiliate WKYC reported.
Tamir was shot in the torso by Cleveland police officer Timothy Loehmann on Nov. 22, 2014, after responding to a report of a "male with a gun" on the swings at a city park.
It turned out the boy had a pellet gun. Tamir died at the hospital the next morning.
"The Rice family is disturbed by the city's behavior," Rice family attorney Subodh Chandra said in a statement to WKYC.
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