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News Wrap: Parliamentary election victory for South Korea’s ruling party
In our news wrap Thursday, South Korea’s ruling party has won big in parliamentary elections held Wednesday. Voters had to wear masks and gloves and have their temperatures checked, but turnout was the highest in nearly 30 years. Also, Israeli…
Federal action leads Wall Street to cap best week since 1974
Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion…
Wall Street’s rally fizzles as oil prices suddenly plunge
A big rally on Wall Street is losing steam in afternoon trading Tuesday, undercut in part by another plunge in the price of oil.
Stocks rise sharply on signs of progress in battling virus
Stocks jumped in markets around the world Monday after some of the hardest-hit areas offered sparks of hope that the worst of the coronavirus outbreak may be on the horizon.
Stocks are wavering in early trading on Wall Street after the government reported that more than 700,000 jobs were lost last month.
Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus.
Stocks are adding to their gains Wednesday as Congress moves closer to passing a $2 trillion package to help the economy deal with damage caused by the coronavirus.
Confirmed U.S. cases of coronavirus have reached 50,000, with more than 600 deaths. But as New York Gov. Andrew Cuomo warned of dire conditions in hospitals, Wall Street rallied and President Trump spoke of easing government restrictions soon in order…
Worries are rising that the White House and other authorities around the world can’t or won’t do what’s needed to help soon.
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