Apr 16 Watch 2:48 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… Continue watching
Apr 09 Federal action leads Wall Street to cap best week since 1974 By Stan Choe, Alex Veiga, Associated Press 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… Continue reading
Apr 07 Wall Street's rally fizzles as oil prices suddenly plunge By Stan Choe, Alex Veiga, Associated Press A big rally on Wall Street is losing steam in afternoon trading Tuesday, undercut in part by another plunge in the price of oil. Continue reading
Apr 06 Stocks rise sharply on signs of progress in battling virus By Stan Choe, Associated Press 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. Continue reading
Apr 03 Stocks waver after goverment reports 700,000 job losses By Associated Press Stocks are wavering in early trading on Wall Street after the government reported that more than 700,000 jobs were lost last month. Continue reading
Mar 27 Stocks drop, but hold on to weekly gains after a big rally By Alex Veiga, Damian J. Troise, Associated Press 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. Continue reading
Mar 25 Stocks jump, heading for first back-to-back gain in 6 weeks By Stan Choe, Damian J. Troise, Associated Press 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. Continue reading
Mar 24 Watch 6:23 WHO warns U.S. may become coronavirus' new global epicenter, as India locks down 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… Continue watching
Mar 12 Trading halted on Wall Street after stocks plunge 7 percent at open By Associated Press 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. Continue reading
Mar 11 Stocks fall again on Wall Street as wild swings continue By Stan Choe, Damian J. Troise, Associated Press Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by COVID-19, which economists call the global economy’s biggest threat. But investors are still waiting for details promised by President Donald… Continue reading