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The Dow Jones Industrial Average soared nearly 2,000 points higher, a day after the worst day for American markets since the 1987 Black Monday crash.Friday started off with a bang in the foreign markets. Shares were up about 5% in Paris and London but fell 6.1% in Japan early Friday morning. Then the Dow continued to climb throughout Friday after the Dow lost nearly 10% of its value on Thursday. The Dow lost nearly 2,400 points on Thursday. Despite Friday's gains, the Dow has still seen a drop in value in the last month. The Dow has lost 22% of its value since last month's record high.Wild swings continued in some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies. India's Sensex gained 4% after plunging 10% when it opened. More central banks, including those of China, Sweden and Norway, intervened to flood credit markets with liquidity, a day after similar interventions from the U.S. Federal Reserve and European Central Bank. 1048

The European Union has hit Google with another big antitrust fine, the third in a series of billion-dollar penalties the US tech giant has faced for hindering competition.The European Commission on Wednesday ordered Google to pay €1.5 billion (.7 billion) for abusing its dominant position in online search advertising."Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites," Commissioner Margrethe Vestager said in a statement.The tech company has now been fined €8.2 billion (.3 billion) in total by Europe over the past three years.EU regulators have taken a much more robust approach to Big Tech companies than their US counterparts, especially when it comes to competition, data protection and tax issues.Google has already been fined in two previous EU antitrust cases.The Commission ordered the company to pay €4.34 billion (.9 billion) in July 2018 for unfairly pushing its apps on smartphone users and thwarting competitors.In 2017, it imposed a €2.4 billion (.7 billion) fine on Google for using its search engine to steer consumers to its own shopping platform.The company said in a blog post Tuesday that it was making further changes to its service based on "feedback" from the European Commission.It has started testing a new format that provides users with direct links to comparison shopping sites. It will also ask new and existing Android users in Europe which browser they'd like to use. 1555

The Dow Jones Industrial Average soared nearly 2,000 points higher, a day after the worst day for American markets since the 1987 Black Monday crash.Friday started off with a bang in the foreign markets. Shares were up about 5% in Paris and London but fell 6.1% in Japan early Friday morning. Then the Dow continued to climb throughout Friday after the Dow lost nearly 10% of its value on Thursday. The Dow lost nearly 2,400 points on Thursday. Despite Friday's gains, the Dow has still seen a drop in value in the last month. The Dow has lost 22% of its value since last month's record high.Wild swings continued in some markets as governments stepped up precautions against the spread of the new coronavirus and considered ways to cushion the blow to their economies. India's Sensex gained 4% after plunging 10% when it opened. More central banks, including those of China, Sweden and Norway, intervened to flood credit markets with liquidity, a day after similar interventions from the U.S. Federal Reserve and European Central Bank. 1048

The Chicago Cubs have banned a fan indefinitely from Wrigley Field after he was seen on camera making an offensive hand gesture at a game this week.On Tuesday night's Cubs broadcast on NBC Sports Chicago, a fan was seen behind analyst Doug Glanville, a former MLB player who is black, giving a hand gesture that has been known as a white power sign.Crane Kenney, the Cubs' president of business operations, said in a statement after the game that the organization would investigate "because no one should be subjected to this type of offensive behavior.""An individual seated behind Mr. Glanville used what appears to be an offensive hand gesture that is associated with racism," the statement said. "Such ignorant and repulsive behavior is not tolerated at Wrigley Field."On Wednesday, Kenney said the fan violated the organization's guest code of conduct."As a result, after repeated attempts to reach this individual by phone, we sent a letter to the individual notifying him of our findings and our decision that, effectively immediately, he will not be permitted on the grounds of Wrigley Field or other ticketed areas indefinitely," Kenney said in a statement."We further communicated if he attempts to enter Wrigley Field or other ticketed areas he may be subject to prosecution for criminal trespass to property."The Cubs are not disclosing the name of the individual to the general public.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1506

The House of Representatives will vote Wednesday on significant gun control legislation for the first time in more than two decades, a move that Democrats hope will increase a pressure campaign for a vote in the Senate.The universal background check bill, H.R. 8, will come to the floor for a vote and is expected to pass with the Democratic majority. The legislation would require background checks on all firearm sales in the country. Currently, only licensed gun dealers have to perform background checks for anyone seeking to purchase a firearm. Most unlicensed sellers do not; H.R. 8 would make that illegal. There are exemptions to the law like "gifts to family members and transfers for hunting, target shooting, and self-defense," according to the House Judiciary Committee website.The bill, sponsored by a bipartisan duo of Reps. Mike Thompson, a California Democrat, and Peter King, a New York Republican, remains an outlier right now in the House since it has bipartisan support. Most of the legislation related to gun control has been sponsored by Democrats.Four other Republicans co-sponsored the bill: Brian Mast of Florida, Brian Fitzpatrick of Pennsylvania, Chris Smith of New Jersey and Fred Upton of Michigan. King told CNN on Tuesday that he may get a few more Republican colleagues to vote for the measure, but "no more than a handful."At a 25-year anniversary party for the gun control group the Brady Campaign on Tuesday evening, House Speaker Nancy Pelosi expressed confidence that the universal background checks bill would pass the House of Representatives. At the event, Pelosi also recalled her her efforts with Senate Minority Leader Chuck Schumer in the 1990s on gun control as "hard," but a "triumph that saved millions of lives.""Tomorrow we're going to send him the background check legislation," Pelosi said to her Senate colleague with a wide smile.Schumer predicted that the country is on the "precipice of great change" on the issue of gun safety."We have a Democratic House that will not flinch. We have a Senate Democratic minority that will not flinch. Most of all, we have a public who is aroused and strong."Democrats, including Pelosi, have made this a top policy priority in the new Congress, staging public hearings on the topic which had not been held for years in Congress. The legislation also has the backing of a multitude of outside groups, including the former congresswoman and gun control advocate Gabby Giffords, the Brady Campaign, Everytown for Gun Safety and Moms Demand Action.Once it passes the House, the bill will move to the Senate, where it is unlikely to pass in the Republican-majority chamber when legislation often needs 60 or more votes to advance.On Tuesday, King urged his Senate colleagues to consider the bill."I would think that they should let it come to a vote," he said, adding that the average American supports the universal background checks bill."This is not going to affect more than probably less than 1% of the American people and the ones it will affect either suffer from mental illness or are criminals. So to me, it's a phony issue being raised by some of the gun groups," he said.King understands that public opinion is on his side on this issue. 3247

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