Mar 18 Stocks sink 7%, causing trading halt and recession fears By Stan Choe, Damian J. Troise, Associated Press Goldman Sachs strategists describe this month as “March Sadness.”… Continue reading
Mar 12 Watch 14:46 Can Congress, Trump put pandemic response ahead of politics? On Capitol Hill, lawmakers are working on a multi-billion dollar novel coronavirus aid package to help the Americans hit hardest by the pandemic. They, along with Democratic presidential candidates Joe Biden and Sen. Bernie Sanders, also weighed in on President… Continue watching
Mar 12 Staggering corporate debt becomes risk as virus hits economy By Paul Wiseman, Bernard Condon, Cathy Bussewitz, Associated Press The numbers are staggering: Corporate debt worldwide comes to $72 trillion, up from $32 trillion in 2005. Continue reading
Mar 10 Watch 10:28 As impact of COVID-19 deepens, U.S. officials debate economic response The impact of the novel coronavirus in the U.S. is deepening. On Tuesday, new cancellations, closures and quarantines were announced and President Trump and lawmakers huddled about potential measures to soften the crisis’ economic impact -- but the stock market… Continue watching
Mar 06 Stocks fall, bond yields take another breathtaking drop By Stan Choe, Damian J. Troise, Associated Press Stocks kept falling Friday and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up. Continue reading
Mar 04 Stocks soar on plans for more stimulus measures, Biden wins By Stan Choe, Alex Veiga, Associated Press Health care companies helped lead the gains after Biden solidified his contender status for the Democratic presidential nomination. Investors see him as a more business-friendly alternative to Bernie Sanders. Continue reading
Feb 28 Stocks sink again amid coronavirus outbreak, heading for the worst week since 2008 By Alex Veiga, Damian J. Troise, Associated Press U.S. stocks sank again on Wall Street Friday, pushing the S&P 500 index down another 2.8% and putting the market on track for its worst week since October 2008. Continue reading
Feb 28 What history can teach us about the latest stock market correction By Stan Choe, Associated Press Corrections can be scary, but they can also be healthy events, eliminating excesses that have built up after extended runs of market optimism. Continue reading
Feb 27 Stock market sinks amid growing coronavirus concerns By Stan Choe, Alex Veiga, Associated Press The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy. Continue reading
Feb 24 Dow drops more than 1,000 points as coronavirus threatens the economy By Alex Veiga, Damian J. Troise, Associated Press The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy. Continue reading