Business

Traders listen at the New York Stock Exchange to President Donald Trump's televised speech from the White House, Friday, March 13, 2020, in New York. (AP Photo/Mark Lennihan)
Associated Press
March 13, 2020 - 5:49 pm
NEW YORK (AP) — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency. Fueled by a...
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Empty Diner
mandy_hart/Getty Images
Peter Haskell
March 13, 2020 - 3:23 pm
Fear and uncertainty have people hunkering down at home and that means trouble for the city's restaurant business.
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 13, 2020. Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Eugene Hoshiko)
Associated Press
March 13, 2020 - 12:30 am
BANGKOK (AP) — Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and...
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A woman wearing a mask stands in front of a notice recommending to keep the social distance of 1-meter between people, at the Rome Leonardo da Vinci International Airport, Thursday, March 12, 2020. Airlines and travelers are still sorting out the new travel ban that President Donald Trump announced late Wednesday, barring most foreign visitors from continental Europe for 30 days. (AP Photo/Andrew Medichini)
Associated Press
March 13, 2020 - 12:00 am
Airlines and travelers are still sorting out the new travel ban that President Donald Trump announced late Wednesday that bars most foreign visitors coming to the U.S. from continental Europe for 30 days. The ban will affect 7,300 flights — and more than 2 million airline seats — scheduled from 26...
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Facebook
Dan Kitwood/Getty Images
Associated Press
March 12, 2020 - 7:45 pm
Facebook and Twitter revealed evidence Thursday suggesting that Russian efforts to interfere in the U.S. presidential election are getting more sophisticated and harder to detect. The companies said they have removed dozens of fake accounts and pages from their services. Facebook said the network...
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Modell's Sporting Goods
Melanie Anzidei/NorthJersey.com
Associated Press
March 11, 2020 - 7:28 pm
Modell's Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 100-plus stores.
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Sal Suarino, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, March 10, 2020. Stocks, Treasury yields and oil are clawing back some of the plunge they took a day before, when the S&P 500 had its worst drop in more than a decade. (AP Photo/Richard Drew)
Associated Press
March 10, 2020 - 3:54 pm
NEW YORK (AP) — Stocks are moving sharply higher on Wall Street Tuesday after whipping up and down all day along with hopes that the U.S. and other governments will cushion the global economy from the pain of the coronavirus. The Dow Jones Industrial Average is up 1,000 points, or 4.4%, shortly...
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President Donald Trump gestures for Vice President Mike Pence to speaks in the briefing room of the White House in Washington, Monday, March 9, 2020, about the coronavirus outbreak. (AP Photo/Patrick Semansky)
Associated Press
March 09, 2020 - 9:25 pm
WASHINGTON (AP) — President Donald Trump said Monday his administration will ask Congress to pass payroll tax relief and other quick measures as a public health and economic maelstrom brought on by the coronavirus drew closer to him personally. Intending to calm the fears of financial markets over...
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Wall Street
Photo by Spencer Platt/Getty Images
Associated Press
March 09, 2020 - 9:46 am
Trading on U.S. stock exchanges was halted four minutes into the trading day after the S&P 500 fell seven percent, triggering an automatic 15-minute break put in place after the 2008 financial crisis.
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FILE - In this Thursday, Aug. 31, 2017, file photo, a flame burns at the Shell Deer Park oil refinery in Deer Park, Texas. Oil prices are plunging Sunday, March 8, 2020, amid worries that an OPEC dispute will lead a virus-weakened economy to be awash in an oversupply of crude. (AP Photo/Gregory Bull, File)
AP News
March 08, 2020 - 8:06 pm
NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier...
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