This is a live blog. Check back for updates. 4:01 pm: Dow rallies 270 points to a record The Dow jumped about 276 points to hit a record close on Wednesday, lifted by solid gains from UnitedHealth and Nike. Apple also rallied 2.4%. The gains brought the blue-chip index’s month-to-date rise to 4.5% as investors […]
Tag: business news
Trump fundraiser scheduled at Oracle Chairman Larry Ellison’s: report
Donald Trump Carlo Allegri | Reuters President Donald Trump is expected to attend a campaign fundraising event at Oracle Chairman Larry Ellison’s California estate next week, the Desert Sun reported Wednesday. The event is set to take place at Ellison’s Rancho Mirage estate on Feb. 19, which is less than two weeks before the Super […]
US deficit swells 25% in fiscal 2020, $1.1 trillion over past year
People walk past the Capitol Dome ahead of an expected vote in the impeachment trial of U.S. President Donald Trump on Capitol Hill in Washington, February 5, 2020. Joshua Roberts | Reuters The sea of red ink is getting deeper and deeper in Washington, with the federal government already racking up a budget deficit that […]
Judge rejects new trial for Roger Stone as Trump hints at pardon
Former advisor to US President Donald Trump, Roger Stone, waves as he arrives for a court hearing on March 14, 2019, in Washington DC. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Wednesday said that his longtime friend and political advisor Roger Stone was treated “very badly” by prosecutors, who the president […]
Global oil demand outlook slashed, Chinese Grand Prix postponed
A woman wearing a mask is seen as the country is hit by an outbreak of the novel coronavirus in Shanghai, China February 10, 2020. Aly Song | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 45,000Total deaths: At least […]
Prosecutors say Trump ally Roger Stone deserves prison sentence
Roger Stone, a former adviser to U.S. President Donald Trump, leaves the Prettyman United States Courthouse after a hearing February 1, 2019 in Washington, DC. Mark Wilson | Getty Images A top federal prosecutor said in a new legal filing Tuesday that Republican operative Roger Stone deserves to be sentenced to “far less” time in […]
Rapid CEO turnover continues with a record number of top executives departing in January
Ginni Rometty, Chairman, President and CEO of IBM speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Samuel Corum A total of 219 chief executive officer’s left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas. Last month’s total […]
SoftBank shares skyrocket after judge approves T-Mobile-Sprint merger
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., reacts during a dialog session with Jack Ma, former chairman of Alibaba Group Holding Ltd., not pictured, at Tokyo Forum 2019 in Tokyo, Japan, on Friday, Dec. 6, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Japanese conglomerate SoftBank Group soared Wednesday […]
Household debt jumps the most in 12 years, Federal Reserve report says
Household debt surged in 2019, marking the biggest annual increase since just before the financial crisis, according to the New York Federal Reserve. Total household debt balances rose by $601 billion last year, topping $14 trillion for the first time, according to a new report by the Fed branch. The last time the growth was […]
The coronavirus appears to be sparing one group of people: Kids
Bangladeshi students wear masks for protection against Coronavirus on January 29, 2020. Mehedi Hasan | NurPhoto | Getty Images The new coronavirus that has already killed more people than the 2003 SARS epidemic appears to be sparing one population group: kids. Of the more than 43,100 people it’s infected since Dec. 31, World Health Organization […]
