WALL STREET (VINnews) — The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday on hopes that governments and central banks around the world will take more forceful measures to fight the virus outbreak. The gains more than recouped the market’s big losses from a day ealier as Wall Street’s wild, virus-fueled […]

MENLO PARK, CA (VINnews) — Mark Zuckerberg has spoken out amid the coronavirus outbreak, to address Facebook’s role amid the coronavirus outbreak. In a Facebook post on Tuesday evening, Zuckerberg talked about how Facebook is combatting the spread of false information, as well as how Facebook data is being used to understand how the virus […]

NEW YORK (AP) — Fear and uncertainty continue to control Wall Street, and stocks fell sharply Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets wracked by worries that a fast-spreading virus will cause a recession. The Dow Jones Industrial average sank 785 points, or 2.9%. It had surged 5% […]

NEW YORK (AP) — A brief relief rally for U.S. stocks vanished on Tuesday, and indexes slid after an emergency interest-rate cut by the Federal Reserve failed to wipe out fears that a fast-spreading virus outbreak could lead to a recession. It took just 15 minutes for a rally to evaporate following the Fed’s surprise […]

CANBERRA, Australia (AP) — The national news agency Australian Associated Press said Tuesday it will close in late June, its 85 years in business vanquished by a decline in subscribers and free distribution of news content on digital platforms. “The saddest day: AAP closes after 85 years of excellence in journalism. The AAP family will […]

SAN FRANCISCO (AP) — IPhone owners could get $25 from Apple after the company agreed to pay up to $500 million to settle claims over intentionally slowing down older phones to preserve older batteries. Apple and lawyers representing iPhone consumers agreed to a deal stemming from Apple’s 2017 admission that it was slowing down phone […]

WALL STREET (AP) — The Dow Jones Industrial Average soared nearly 1,300 points Monday as stocks roared back from a seven-day rout on hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. The huge gains clawed back some of the ground lost in a massive […]

PARIS (AP) — A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago. In a special report on the impact of the virus, the Organization for Economic Cooperation and Development said Monday that the world […]

BOSTON (AP) — Jack Welch, who transformed General Electric Co. into a highly profitable multinational conglomerate and parlayed his legendary business acumen into a retirement career as a corporate leadership guru, has died. He was 84. His death was confirmed Monday by GE. The cause of death was renal failure, his wife Suzy told The […]

NEW YORK (AP) — As stocks around the world tumble on worries about a fast-spreading virus, investors have been clamoring for the superheroes of the financial world to ride to the rescue once again. Yet this time, there are doubts: Can central banks really fix this crisis as they have so many others? As much […]