Weekly jobless claims stayed above 1 million for the 13th consecutive week as the coronavirus pandemic continued to hammer at the U.S. economy. First-time claims totaled 1.5 million last week, higher than the 1.3 million that economists surveyed by Dow Jones had been expecting. That was 58,000 lower than the […]
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Dow drops 250 points after jobless claims disappoint, reopening trades decline
Stocks fell for a second day on Thursday as investors weigh the rising number of coronavirus cases in the U.S. and around the world along with disappointing unemployment data. The Dow Jones Industrial Average traded 250 points lower, or 1%. The S&P 500 slid 0.6% while the Nasdaq Composite declined […]
Apple’s App Store is under fire as app makers complain about unfair practices and the EU opens a probe
Apple CEO Tim Cook participates in an American Workforce Policy Advisory Board meeting with U.S. President Donald Trump and others in the White House in Washington, March 6, 2019. Leah Millis | Reuters Apple’s business practices are under new scrutiny as officials in Europe announced an investigation this week into […]
Coronavirus live updates: UK contact tracers identify 45,000 more leads; global deaths near 450,000
As cases continue to surge throughout the American South and West, some state officials are rethinking how to reopen. Arizona Gov. Doug Ducey on Wednesday reversed his stance against mandating mask wearing and allowed local officials to set their own regulations. Oregon Gov. Kate Brown announced Wednesday that most of […]
Dow futures fall 100 points, airlines and retailers slide
Stock futures were lower on Thursday as investors weigh the rising number of coronavirus cases in the U.S. and around the world. Futures on the Dow Jones Industrial Average fell 150 points, or 0.6%. S&P 500 futures dipped 0.5%. Nasdaq 100 futures were down by 0.2%. Airlines, retailers and cruise lines led […]
Wirecard shares plummet 65% as embattled payments firm says $2.1 billion of cash is missing
Wirecard’s logo can be seen on a smartphone held in front of a stock market chart. Alexander Pohl | NurPhoto | Getty Images Wirecard shares plunged on Thursday as the German payments giant postponed its annual results once again, and said auditors could not confirm the existence of 1.9 billion euros […]
Beijing’s coronavirus outbreak is under control, Chinese health expert says
A Chinese epidemic control worker wears a protective suit and mask as he and volunteers direct people at a site where authorities were performing nucleic acid tests for COVID-19 on citizens who have had contact with the the Xinfadi Wholesale Market or someone who has, at an outdoor sports center […]
Stock futures rise after Chinese health expert says Beijing’s virus outbreak is under control
Stock futures turned higher in early trading on Thursday, erasing earlier losses after a disease expert in China announced the latest outbreak of coronavirus cases in Beijing had been brought under control. Futures on the Dow Jones Industrial Average implied an opening gain of about 40 points. Meanwhile, S&P 500 and Nasdaq 100 futures […]
Coronavirus live updates: Beijing says outbreak under control; Sweden’s virus strategy shifts
The Chinese capital of Beijing reported 21 cases as of Wednesday amid its largest outbreak since the height of the epidemic in the country. The new cluster in China is linked to a wholesale food market in Beijing where the virus was reportedly found on cutting boards for salmon. Chinese […]
Nintendo shares in Japan soar to levels not seen in more than 10 years — one analyst urges caution
In this photo provided by Nintendo of America, fans of all ages experience fun photo ops, game demos and other Luigi’s Mansion 3-inspired goodies at a preview event in Los Angeles on October 18, 2019. Frazer Harrison | Getty Images for Nintendo of America Shares of Japanese game-maker Nintendo surged […]