Avie Schneider
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Major stock indexes were down around 20% from their peaks in February, signaling an end to the 11-year bull market as investors fear the worst about the coronavirus pandemic.
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Stock indexes rose nearly 5% after the market's worst day since 2008. The jump followed President Trump's call for a payroll tax cut and other steps to help the economy amid the coronavirus epidemic.
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Trading on the New York Stock Exchange was halted briefly Monday morning when the S&P 500 index fell 7%. Here's how these automatic circuit breakers work.
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Dow Dives More Than 2,000 Points; Steep Market Slide Triggered Trading HaltStock indexes tumbled so fast Monday that marketwide trading was halted temporarily for the first time since October 1997. The Dow Jones Industrial Average fell 2,013 points, or nearly 8%.
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Oil prices dropped as much as 30% following the unexpected Saudi decision to cut prices and boost production. The move reflects the uncertainty surrounding the coronavirus and its economic effects.
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Welch, dubbed "manager of the century" in 1999 by Fortune magazine, grew GE into an industrial powerhouse. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.
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The company, which operates 30 newsrooms in 14 states, announced a Chapter 11 restructuring. Saddled with debt and pension obligations, McClatchy said it will operate as normal during the process.
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Iowa Democratic Party officials said a new smartphone app designed to speed the results actually ended up delaying them. Last month, NPR reported on security and other concerns with the app.
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U.N. Urges Probe Of Reported Hacking Of Jeff Bezos' Phone By Saudi ArabiaU.N. human rights experts said they were gravely concerned by reports that a WhatsApp account held by Saudi Crown Prince Mohammed bin Salman was used to hack The Washington Post owner's phone.
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Ending an era at the Internet's biggest search company, Google co-founders Sergey Brin and Larry Page end their leadership roles. Sundar Pichai will become CEO of Google and its parent, Alphabet.