Stocks fell on Friday even after the biggest tech companies and market leaders — Amazon, Apple and Facebook — reported stellar quarterly results. The Dow Jones Industrial Average fell about 300 points as Caterpillar and Chevron led the declines. The S&P 500 dipped 0.7%. The Nasdaq Composite also erased an earlier gain ofContinue Reading
Stocks rose slightly on Wednesday as investors awaited a congressional hearing on antitrust in Big Tech as well as the Federal Reserve’s latest policy decision. The Dow Jones Industrial Average gained 100 points, or 0.4%. The S&P 500 climbed 0.8%. The Nasdaq Composite advanced 1%. The Fed will conclude its two-day policyContinue Reading
Treasury Secretary Steven Mnuchin, delivers remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ Roll Call | Getty Images Treasury Secretary Steven Mnuchin on Sunday said Republicans have finalized their latest piece of coronavirus relief legislation, worthContinue Reading
Singapore’s Prime Minister and secretary-general of the ruling People’s Action Party Lee Hsien Loong looks at members of the media as he prepares to leave after voting in the general election in Singapore on July 10, 2020. Roslan Rahman | AFP | Getty Images Singapore Prime Minister Lee Hsien LoongContinue Reading
Stocks fell on Friday as Wall Street wrapped up a volatile week of trading, with tech shares struggling and U.S.-China tensions rising. The Dow Jones Industrial Average slid 133 points, or 0.5%. The S&P 500 was also down 0.5% and the Nasdaq Composite dipped 0.7%. Those losses put the DowContinue Reading
The Republican coronavirus relief plan will extend enhanced unemployment insurance “based on approximately 70% wage replacement,” Treasury Secretary Steven Mnuchin said Thursday. The Treasury secretary also said a payroll tax holiday, which President Donald Trump has repeatedly pushed for, “won’t be in the base bill.” The president appeared to concede defeatContinue Reading
The U.S. government appears to have taken a more cautionary stance in the face of spiking coronavirus cases. President Donald Trump on Tuesday warned the outbreak could “get worse before it gets better” and urged Americans to wear masks. The change in Trump’s tone comes after he resisted the public safetyContinue Reading
