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Asian Shares Drop After US Stocks' Worst Day Since October
Asian shares have fallen as a reality check sets in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.
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Why Stock App Robinhood Can Be Dangerous in the Wrong Hands
Much like the fictional character for which it’s named, the stock app Robinhood which allows investors to purchase fractional shares of stock may leave many poorer if they don’t do their research ahead of time.
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Dow Sinks 2.9% After Rate Cut Fails to Stem Market's Dread
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets wracked by worries that a fast-spreading virus outbreak could lead to a recession.
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Stocks Sink on Fears Virus Outbreak Will Dent the Economy
Stocks fell sharply on Wall Street as investors feared that a virus outbreak that originated in China will dent the global economy
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Asian Shares Sink on Mounting Worries Over China Outbreak
Asian shares are sliding on deepening worries over the expanding outbreak of a new virus in China
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US, China Leave Next Steps for Trade Talks Unclear
The United States and China gave no indication of their next step after wrapping up talks aimed at resolving a tariff fight that threatens to chill global growth. The two sides will “maintain close contact,” China’s Ministry of Commerce said Thursday. But they announced no agreements or date for meeting again during the 90-day truce declared on Dec. 1 by...
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Dow Dives About 500 Points to Its Lowest Close Since May
Stocks fell sharply on Friday after weaker-than-expected data in China and Europe exacerbated concerns of a global economic slowdown. The Dow Jones Industrial Average fell 496.87 points to 24,100.51, its lowest level since early May, led lower by declines in Apple and Johnson & Johnson. For the year, the Dow is now down 2.5 percent. The S&P 500 dropped 1.9...
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Dow Drops 600 Points, Erases 2018 Gains as Target Drags Down
The major U.S. stock indexes fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while the most popular tech shares dropped again. The Dow Jones Industrial Average dropped 606 points and the S&P 500 plunged 2 percent. The Nasdaq Composite also dropped more than 2 percent. The Dow and S&P 500...
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GE to End More Than 100-Year Run on Dow; Walgreens Added
General Electric will be dropped from the Dow Jones industrial average next week, ending the conglomerate’s more than 100-year run in the 30-company blue chip index. S&P Dow Jones Indices said Tuesday that GE will be removed from the index before the open of trading next Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance. Boston-based GE was...
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US Spy Satellite Lost After SpaceX Rocket: Report
A highly classified U.S. government satellite appears to have been totally lost after being taken into space by a recent launch from Elon Musk’s SpaceX, according to a new report. Dow Jones reported Monday evening that lawmakers had been briefed about the apparent destruction of the secretive payload — code-named Zuma — citing industry and government officials The payload was...
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Dow Touches 23,000 for the First Time, Closes at Record
The Dow Jones industrial average notched yet another milestone on Tuesday morning, breaking the 23,000 mark for the first time, a record high, CNBC reported. The 30-stock index was buoyed by better-than-expected results from UnitedHealth Group and Johnson & Johnson. The Dow dropped back under 23,000 as trading continued. It closed at 22,997.
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Fact Check: Trump's UN Speech
In his first speech to the U.N. General Assembly, President Donald Trump reprised misleading talking points on everything from job growth to defense spending. We’ve written about variations of some of these claims numerous times, but since these comments were made to a world audience, we are revisiting some of them. We also cover new claims the president made on...
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Trump Urges Former Adviser Flynn to Cut Immunity Deal
President Donald Trump urged his former national security adviser to strike an immunity deal Friday, even as congressional investigators rebuffed Michael Flynn’s offer of cooperation in exchange for protection from prosecution. Trump tweeted that Flynn, the adviser he fired in February, should ask for immunity because he’s facing “a witch hunt.”