Stocks are opening sharply lower on Wall Street, extending a weeklong rout and bringing the Dow Jones Industrial Average 10% below the record high it hit two weeks ago. Investors continue to dump stocks and shovel money into ultra-safe assets like bonds as they fear that the spreading virus outbreak will weigh heavily on the global economy by slowing down manufacturing, travel and spending. More companies including Microsoft and Budweiser maker InBev are warning their results will be hurt. The Dow lost 393 points, or 1.4%, to 26,586. The S&P 500 lost 48 points, or 1.6%, to 3,068. The Nasdaq fell 179 points, or 2%, to 8,800.
Former Baltimore Mayor Catherine Pugh is scheduled to be sentenced Thursday in a lucrative, years long scheme that sold her self-published children's books to nonprofits and foundations to promote her political career and fund her run for mayor.
Some key Kobe Bryant memorabilia, including two of his Los Angeles Lakers uniforms and cement handprints from his induction into the Grauman’s Chinese Theater hall of fame gallery, are going up for sale in April.
Still reeling from the effects of major flooding just a few months ago, Venice faces a new emergency: the threat of a new virus outbreak across Italy that is worrying international visitors worldwide and hitting the economy hard.
Joe McDonald, Associated Press | PostedFeb 27th - 3:49am
Small, mostly private companies that are the engine of China’s economy are back to operating at one-third of normal levels after anti-virus controls shut factories, shops and restaurants, regulators said Thursday, and they promised more low-cost loans and other aid.
Britain laid out its opening demands for the upcoming trade talks with the European Union on Thursday, including a blunt threat to walk away from the negotiating table if there is no progress within four months.
Campaigners won a court ruling Thursday to block the plan for a third runway at Heathrow Airport on environmental grounds, setting the stage for a new fight over whether to make Europe's biggest airport even bigger.
President Donald Trump declared that a widespread U.S. outbreak of the new respiratory virus sweeping the globe isn't inevitable even as top health authorities at his side warned Americans that more infections are coming.
Ed White, Associated Press | PostedFeb 26th - 5:51pm
A Michigan woman who ripped off dozens of couples seeking to adopt children while spending their money on luxury handbags, jewelry and household upgrades was sentenced Wednesday to more than 10 years in prison, although a judge said a life term would be more appropriate.