Major crime in New York City plummeted during the first two weeks under strict stay-at-home orders, but some neighborhoods are seeing more significant decreases than others. Some poorer areas also hard hit by coronavirus have seen burglaries or car thefts rise in the first two weeks under stay-at-home orders, which …
Read More »Market Extra: The Dow is on pace for its worst month since the Great Depression, but here’s why all hope isn’t lost amid the coronavirus crisis
The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial Average DJIA, -4.55% has been simply gut-wrenching for the average investor, …
Read More »Market Extra: The NYSE, a symbol of America, is fighting to keeping its trading floor open amid coronavirus pandemic
Joe Gawronski said concerns about the coronavirus outbreak really hit home on March 13. “Our attitude has changed markedly since Friday,” he said of his family’s reaction to the viral outbreak of COVID-19. The president of New York brokerage firm Rosenblatt Securities lives in Summit, N.J., a suburb a little …
Read More »Key Words: Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
Read More »No fans for March Madness: Sporting events are being canceled or will be held in empty arenas amid coronavirus concerns
The games go on, but where and in front of how many? The NCAA’s decision not to allow fans to its annual March Madness tournaments for men and women is the most jarring example yet. NCAA President Mark Emmert made the announcement late Wednesday. “Only essential staff and limited family …
Read More »Refinance Applications Hit 10 Year High Amid Coronavirus Fears
2 minute read 30-year fixed-rate mortgage rate on a $ 400,000 loan is 3.5% Mortgage applications are up 55% in the past week, 192% in the last 12 months The Dow Industrial Average is down 20% in the past month alone San Fransico and Washington state have outlawed gatherings of …
Read More »The New York Post: Delta, American Airlines will suspend flights to Milan amid coronavirus outbreak
Delta and American Airlines will suspend all U.S. flights to Milan in the wake of an elevated travel warning issued over the spreading coronavirus, the companies announced this weekend. Delta DAL, -4.27% said Sunday that it will halt flights between the U.S. to Italy’s financial capital until early May. …
Read More »Your Digital Self: China’s tourism, automotive industries sink amid COVID-19 outbreak
China’s extraordinary economic growth over the past four decades transformed the country into the world’s second-biggest economy. The key to this growth is global trade. China is not only the largest trading partner in the world, but it is also central to a myriad of supply chains. From raw materials …
Read More »Dow Jones Newswires: Ams revenue and profit rises amid growth for 3D sensing unit
Ams AG said Tuesday that its revenue and adjusted profit rose year-on-year amid strong growth in its business for 3D sensing and advanced light sensing. The Swiss technology company AMS, +4.00% reported adjusted profit of $ 158.9 million in the fourth quarter compared with $ 1.6 million year-on-year, with …
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