Dow soars nearly 2,000 points as Trump announces new virus measures
Investors have been clamoring for strong action from the U.S. government to combat the economic impact of the virus outbreak.
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Dow suffers biggest percentage drop in 33 years
The Dow industrials plunged more than 2,300 points, or 10%—the latest in a series of steep drops that have wiped out most of the big run-up on Wall Street since President Donald Trump’s inauguration.
UPDATE: NCAA won’t allow fans at tournament games, might move Indy games from Lucas Oil
NCAA President Mark Emmert announced the games will be open only to “essential staff and limited family attendance.”
Carmel veterinarian indicted in high-profile racehorse doping scheme
Gregory Skelton, owner of Skelton Equine Sports Medicine LLC, was charged in a conspiracy that involved creating and giving performance-enhancing drugs to racehorses, leading to the death of at least one high-profile horse.
Scrutiny on NCAA tournament coronavirus plan intensifies as two leagues keep out fans
The Indianapolis-based NCAA faced mounting pressure over how it will conduct its marquee event Tuesday, the same day the Ivy League canceled its conference basketball tournaments and two other Division I conferences announced that their tournaments would be played without spectators.
Trump to seek payroll tax cut, relief for hourly workers as part of virus response
The president also said he was seeking to provide assistance to the airline, hotel and cruise industries, which are all suffering as Americans rapidly cancel travel plans.
Schools close over coronavirus threat, raising concerns about disruption
More than 380 schools have closed their doors because of the outbreak, moves that have affected nearly 260,000 students, according to a count by the education publication EdWeek.
U.S. coronavirus fatality rate could be lower than global rate so far
Evidence is mounting that the disease is most likely to result in serious illness or death among the elderly and people with existing health problems.
Mortgage brokers hiring like mad to handle demand as rates plunge
Executives at four of the nation’s 15 biggest mortgage lenders, already gearing up for a busy 2020, anticipate hiring thousands of employees this year to keep up with what they expect to be a flood of demand.
U.S. markets post big gains as Biden’s rebound offers coronavirus respite
U.S. stock markets surged Wednesday after Joe Biden’s Super Tuesday performance made a victory by Sen. Bernie Sanders less likely. Health care stocks soared.
U.S. stocks surge on hopes that central banks will address coronavirus fallout
Coming off Wall Street’s worst week since the 2008 financial crisis, the Dow Jones industrial average rose nearly 1,300 points, closing up 5.1%, its largest percentage gain since March 2009.
How will the coronavirus outbreak play out? Here’s what happened with similar epidemics
No one is certain about the possible ramifications of the current coronavirus, but virologists say there are clues from other similar outbreaks in the recent past.
Fed ready to cut rates despite doubts that it can offset coronavirus effect
In question is how much effect rate cuts will actually have amid a health emergency that threatens to reduce both supply and demand in the economy.
Buttigieg dropping out of presidential race
Pete Buttigieg, the 38-year-old former mayor of South Bend who saw a meteoric rise from virtual unknown to top-tier contender and became the first gay candidate to make a high-profile presidential run, is ending his campaign.
Dow plunges 4.4%, as potential coronavirus cases in California escalate anxiety
The three major U.S. stock indexes now are in correction territory, a 10% reversal from recent highs.
Morgan Stanley to buy E-Trade for $13 billion
The biggest takeover by a major U.S. bank since the 2008 financial crisis combines Morgan Stanley’s prowess and client-facing resources with E-Trade’s more than 5 million customers.
Bloomberg assailed as candidates go on the attack
Former New York mayor Mike Bloomberg suffered a punishing welcome and Sen. Bernie Sanders was bludgeoned with criticism as an animated cast of rival candidates spent Wednesday’s presidential debate scrambling to stake their claims against the two rising contenders in the Democratic race.
NFL plans to expand playoffs to 14 teams, add 17th game to season
While the 17-game season would not take effect immediately, the league and owners would plan for the expanded playoffs to be implemented in the 2020 season, according to people familiar with deliberations on a new collective bargaining agreement.
Sprint, T-Mobile merger gets judge’s OK, ushering in new era of telecom behemoths
A federal judge has ruled in favor of Sprint and T-Mobile’s $26 billion merger, dismissing anti-competitive concerns and clearing the way for a deal that would create the nation’s third-largest wireless carrier.
Corteva Agriscience to stop making pesticide linked to brain damage
The main manufacturer of a pesticide used for decades on a wide array of crops, including strawberries, corn and citrus, said Thursday it will stop making the product, which some activists have said is linked to neurological problems in children.