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US stocks surged Monday on hopes for a coronavirus vaccine that could allow the global economy to emerge from its pandemic-induced coma. The Dow Jones industrial average jumped as much as 701.31 points, or 2.9 percent, to 24,386.73 at the open after biotech firm Moderna reported promising results from a small human trial of its …
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Senator Richard Burr (R., N.C.) on Thursday stepped down as chairman of the Senate Intelligence Committee during an investigation into allegations that Burr engaged in insider trading. “Senator Burr contacted me this morning to inform me of his decision to step aside as Chairman of the Intelligence Committee during the pendency of the investigation,” Senate …
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US stocks rebounded from an early selloff Thursday as investors assessed how long it will take for the economy to recover from the coronavirus. The Dow Jones industrial average dropped as much as 458.35 points, or 1.9 percent, to 22,789.62, following its 500-point tumble on Wednesday. But rallying financial stocks helped the blue-chip index claw …
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President Trump lashed out at Wall Street bears Wednesday as the stock market digested fresh warnings about the coronavirus pandemic. Trump suggested on Twitter that it’s “barely legal” for pessimistic investors to give gloomy forecasts if they stand to profit from market crashes like the one the virus crisis caused. “When the so-called ‘rich guys’ …
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US stocks tumbled Wednesday as Federal Reserve boss Jerome Powell warned the coronavirus could leave the economy with lasting scars. The Dow Jones industrial average fell as much as 292.48 points, or 1.2 percent, to 23,472.30 in early trading after Powell said the pandemic poses “significant downside risks” to the nation’s economic recovery. The S&P …
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US stocks posted shaky gains Tuesday as Wall Street nervously tracked states attempting to reopen their economies. The Dow Jones industrial average jumped as much as 160.10 points, or 0.6 percent, to 24,382.09 in early trading before dipping into the red and then recovering. The blue-chip index up 28.79 points, or 0.1 percent, at of …
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Representative Michael McCaul, who has harshly criticized China in his position as the ranking member on the House Foreign Affairs Committee, disclosed that his family owns stock in a Chinese tech company he described as a threat to national security. An April 20 periodic transaction report showed that McCaul disclosed a February purchase of between $50,000 …
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Sen. Richard Burr and his brother-in-law reportedly dumped stocks on the same day before the coronavirus crisis sent global markets into a tailspin. National Mediation Board member Gerald Fauth — the brother of Burr’s wife — sold as much as $280,000 in shares on Feb. 13, roughly a week before the virus triggered a historic …
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US stocks dropped Monday as the coronavirus crisis stoked fresh US-China tensions and struggling airlines suffered another blow. The Dow Jones industrial average fell as much as 362.53 points, or 1.5 percent, to 23,361.16 as the Trump administration’s efforts to blame China for the pandemic sparked fears of a new trade war. The S&P 500 …
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US stocks slid Thursday as Wall Street winced at new data showing the coronavirus crisis has put more than 30 million Americans out of work in just six weeks. The Dow Jones industrial average dropped as much as 378.26 points, or 1.5 percent, to 24,255.60 in early trading after the US Department of Labor said …
US stocks surged Monday on hopes for a coronavirus vaccine that could allow the global economy to emerge from its pandemic-induced coma. The Dow Jones industrial average jumped as much as 701.31 points, or 2.9 percent, to 24,386.73 at the open after biotech firm Moderna reported promising results from a small human trial of its …
