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Sunday, July 25, 2021

Stocks Rise Sharply On Hopes Of Progress In Battling Virus

By STAN CHOE AP Business Writer U.S. stocks were up roughly 5% in midday trading, following up on gains that were nearly as big in...

Stocks Drop As Coronavirus Crunches The Job Market, Economy

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly...

Macy’s To Be Removed From S&P 500; Credit Rating Downgraded

Its market value just a fraction of what it was five years ago, Macy's is being removed from the S&P 500 index. Macy's has been...

Stocks Skid Worldwide As Coronavirus Infections Keep Soaring

NEW YORK (AP) — U.S. stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused...

Fed Steps In Once Again To Try To Smooth Out Lending Markets

WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars...

Wall Street Pushes Higher, Led By Health Care Stocks

By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stocks are pushing a bit higher in Monday morning trading, but markets were...

Stocks Surge Again After Relief Bill Passed; Indexes Up 6%

NEW YORK (AP) — Stocks marched higher for a third straight day Friday as a massive coronavirus relief bill moved closer to passing Congress...

Stocks Rise On Wall Street, Heading For Three-Day Rally

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks rose on Wall Street Thursday, putting the market on track for its first...

Stocks Have First Back-To-Back Gains Since Sell-Off Began

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks scored their first back-to-back gains Wednesday since...

Stocks Wobble As Wall Street Downshifts From Historic Rally

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks are wobbling in tentative morning trading on Wall Street...

Dow Surges 2,100 Points As Congress Nears Deal On Virus Aid, Best Day Since...

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks surged on Wall Street Tuesday, sending the Dow...

Stocks Surge 7% On Building Hopes For US Virus Stimulus

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks on Wall Street joined a worldwide rally Tuesday as...

US Stocks Rise For 2nd Straight Day At End Of A Brutal Week

By ALEX VEIGA AP Business Writer U.S. stocks recovered from an early stumble and were headed higher in morning trading Friday, extending solid gains...

Cautious Optimism On Wall Street, Markets Rise With Aid Hope

By STAN CHOE and DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks capped a wobbly day on Wall...

Wall Street Gains Momentum After Another Rocky Start

NEW YORK (AP) — Stocks are gaining momentum in afternoon trading on Wall Street Thursday in a market marked by less volatility than recent...

Wall Street swings up and down as volatility retains grip

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks are swinging between gains and losses in early trading...

Stocks, Oil Sink Again As recession Fears Batter Markets

By STAN CHOE AP Business Writer NEW YORK (AP) — The vicious swings keep coming for the stock market, and the S&P 500 sank...

Stocks Jump After Trump Promises To ‘Go Big’ On Virus Aid

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are closing solidly higher after President Donald Trump promised he's “going big” with...

Stocks Bounce Up And Down After Their Worst Drop Since 1987

NEW YORK (AP) — Stock indexes bounced around in early trading Tuesday as investors try to regroup from a punishing day of losses. Markets remain...

Dow Dives 2,999 Points On Fears Virus Will Cause Recession

NEW YORK (AP) — The Dow industrials took a 2,999-point nosedive on Monday as fears deepen that the coronavirus outbreak will throw global economy...

Stocks Lose 8% On Wall Street As More Businesses Shut Doors

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks lost 8% in morning trading on Wall Street Monday as huge swaths of...

Stocks Surge On New Virus Measures; Dow Up 1,985 Points

NEW YORK (AP) — Stocks surged, recouping much of a historic plunge, after President Donald Trump announced new measures to fight the coronavirus. The...

Stocks Claw Back Ground On Wall Street; Dow Jumps 900 Points

By ALEX VEIGA AP Business Writer Stocks are clawing back some of their recent losses Friday at the end of a brutal week of...

NY Fed To Buy A Range Of Treasurys To Try To Ease Jitters

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve is stepping up its purchases of Treasurys to try to ease jitters...

Dow sinks 8% as a sell-off slamming global markets deepens

NEW YORK (AP) — The sell-off bludgeoning financial markets around the world got even worse Thursday as the economic pain caused by the coronavirus...

Stocks Fall Again On Wall Street As Wild Swings Continue; Drawdown Short Lived, Says...

NEW YORK (AP) — Stocks are sinking again Wednesday, wiping out half of a huge rally from a day earlier as Wall Street continues...

Stocks Recoup Most Big Losses As Investors Await Virus Aid

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks on Tuesday recouped most of their historic losses from the...

Stocks Snap Back On Wall Street; Rise Over 500 Points

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — U.S. stocks, oil and other financial markets around the world...

Dow Drops 1,500 Points As Oil Price Plunge Shocks Markets

By STAN CHOE AP Business Writer NEW YORK (AP) — Fear bludgeoned financial markets around the world Monday, and stocks, bond yields and oil...

Stocks Sink, Bond Yields Take Another Breathtaking Drop

NEW YORK (AP) — Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed...

Stocks Slide In US, Europe As Coronavirus Worries Dominate Again

NEW YORK (AP) — And back down goes the U.S. stock market. The S&P 500 sank roughly 2% in midday trading Thursday, and Treasury yields...

Stocks Soar On Plans For More Stimulus Measures, Biden Wins

The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday as governments and central banks around the globe took more aggressive...

It’s Up Again For Stocks As Wall Street’s Wild Ride Extends

NEW YORK (AP) — Stocks jumped Wednesday morning and clawed back much of their sharp losses from the day before as Wall Street's wild,...

Virus Spread Prompts Fed To Slash Rates In Surprise Move

By MARTIN CRUTSINGER and CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — In a surprise move, the Federal Reserve cut its benchmark interest rate...

Stocks Whipsaw After Fed Cuts Rates To Counter Coronavirus Effects

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks whipped up and down Tuesday after the Federal Reserve swooped into the market...

Dow Surges 5% On Hopes For Central Bank Help On The Economy; Biggest Point...

ALEX VEIGA AP Business Writer The Dow Jones Industrial Average soared nearly 1,300 points, or 5%, Monday as stocks roared back from a seven-day...

Twitter Shares Rise On Reports Of Activist Republican Investor Buys Stake

NEW YORK (AP) — Twitter shares rose Monday following reports an activist investor took a stake in the social media service and plans to...

Stock Rise Sharply On Wall Street Following A 7-Day Rout

ALEX VEIGA AP Business Writer Stocks rose sharply on Wall Street Monday, clawing back some of the losses they took in a seven-day rout...

Fed Chair Powell: Will ‘Use Our Tools’ To Support Economy

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell pledged Friday that the Fed will “use our tools" to support the economy, an effort to...

Stocks Fall On Wall Street, Head For Worst Week Since 2008; Market Officially In...

NEW YORK (AP) — After six days of being pounded by a virus-induced, global sell-off, U.S. markets hit a milestone this week.U.S. stocks fell...

Stock Market Falls Into Correction On Coronavirus Worries; Indexes Lose 4%

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...

Markets Shudder Again On Coronavirus Fears, Extending Recent Rout

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Investors are dumping stocks again Thursday as fears spread that...

Stocks Climb On Wall Street Following 2 Steep Drops

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose solidly in midday trading Wednesday as investors regained an appetite for...

Disney CEO Bob Iger Steps Down, Bob Chapek Named New Head

NEW YORK (AP) — The Walt Disney Co. has named Bob Chapek CEO, replacing Bob Iger, effective immediately. Iger will become executive chairman. Chapek was...

US Stocks Extend Losses Following Worst Drop In 2 Years

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks fell in midday trading Tuesday, a day after the market's biggest...

Intuit Buying Credit Karma In $7.1B Deal

Intuit announced Monday that it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal. The agreement would bring together...

Dow Jones Industrials Drop More Than 1,000 Points As The Spreading Coronavirus Outbreak Threatens...

NEW YORK (AP) — Dow Jones industrials drop more than 1,000 points as the spreading virus outbreak threatens the global economy. https://twitter.com/CNBCnow/status/1231949863811735557 More updates coming.

Coronavirus Outbreak Chills Markets, Outlook For Global Economy

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy just as it...

Stocks Fall As Apple Warning Raises China Coronavirus Concerns

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks fell in midday trading Tuesday after technology giant Apple became the...

Stocks Mostly Rise But Japan Skids On Stark Economic Data

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Global stocks mostly rose Monday, with Shanghai's benchmark jumping over 2% after the central bank...

US Stocks Edge Higher In Midday, Head For Weekly Gains

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — U.S. stocks edged higher in midday trading Friday as investors focused on another...

401(k)s Hit Records As Workers Sock Away More, Stocks Jump

By STAN CHOE AP Business Writer NEW YORK (AP) — How's your 401(k) doing? President Donald Trump likes to ask that question around the country,...

Tesla Offers $2B In Added Shares, Discloses SEC Subpoena

By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue...

Solid Earnings Send Stock Indexes To Record High On Wall Street

By ALEX VEIGA AP Business Writer Stocks moved higher on Wall Street in afternoon trading Wednesday, hitting a new record high with gains in...

Man Killed In Tesla Crash In Silicon Valley Had Complained About Autopilot

By TOM KRISHER AP Auto Writer DETROIT (AP) — An Apple engineer who died when his Tesla Model X hit a concrete barrier on...

Federal Reserve Chairman Jerome Powell: Economy Looks Resilient Despite Risk Of Coronavirus

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday the U.S. economy appears durable with steady growth...

Judge Clears A Major Path To T-Mobile’s $26.5B Sprint Bid

By TALI ARBEL AP Technology Writer NEW YORK (AP) — A federal judge has cleared a major path to T-Mobile's $26.5 billion takeover of...

Uber Loses $1.1B Investing In Food Delivery, Driverless Cars

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Uber is still losing money as it expands its food delivery business and develops...

Global Stocks Surge After Trump Acquitted, China Drops Tariffs on $75 Billion Worth of...

By JOE McDONALD AP Business Writer Global stocks rose Thursday after U.S. President Donald Trump was acquitted in an impeachment trial and China cut...

Disconnect? Stocks Rise Despite Fears Over Virus From China

By STAN CHOE, CARLA K. JOHNSON and MARIA CHENG Associated Press NEW YORK (AP) — The virus outbreak out of China has exposed a seeming...

Disney Plus Has 26.5M Subscribers; Costs Weigh On Profit

By TALI ARBEL AP Technology Writer NEW YORK (AP) — The Walt Disney Co. said Tuesday that profit fell 23% in its latest quarter...

China Readies Cushion for Virus Shock When Markets Re-open Monday

BEIJING (AP) — China's central bank announced plans Sunday to inject 1.2 trillion yuan ($173 billion) into the economy to cushion the shock to...
People wear face masks as they leave a Walmart grocery store in Beijing, Saturday, Feb. 1, 2020. China's death toll from a new virus rose to 259 on Saturday and a World Health Organization official said other governments need to prepare for"domestic outbreak control" if the disease spreads in their countries. (AP Photo/Mark Schiefelbein)

Experts: Travel Bans, Business Closures Could Hurt Economy

MILWAUKEE (AP) — Travel restrictions and business closures aimed at stopping the spread of a new virus that has killed more than 300 people...

PG&E Pledges to Shake Up Board in Bid to Placate California

SAN FRANCISCO (AP) — Pacific Gas and Electric is pledging to overhaul its board of directors in an attempt to avoid a potential takeover...
A selection of iPhones are displayed an Apple store Tuesday, Jan. 28, 2020, in suburban Boston. Apple reports financial earns on Tuesday. (AP Photo/Steven Senne)

Apple’s Profit and Revenue for the Holiday Period Topped Analysts’ Projections as iPhone Bounces...

SAN FRANCISCO (AP) — Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity of its...

Asian Stocks Fall as Coronavirus Fears Spook Markets, Hit Tourism

BANGKOK (AP) Shares tumbled Monday in the few Asian markets open as China announced sharp increases in the number of people affected in an...

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