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Stocks are headed lower in afternoon trading on Wall Street after erasing earlier gains, as investors close out a brutal first quarter. The S&P 500 had a loss of more than 20% for the first three months of the year. The surge of coronavirus cases has sent markets tumbling since mid-February, halting what had been a good start to the year. Stocks have clawed back some of those losses with a rally the past week. Massive aid for the economy and markets from the Federal Reserve and Capitol Hill have helped spur some buying. The Dow Jones Industrial Average finished Tuesday down 410 points for the day, ending at 21,917 points. The Dow has lost nearly 8,000 points in the last eight weeks. While many industries saw declines in stock value in Q1 of 2020, the losses were especially pronounced for the travel and oil industries. 846
President Trump says it has been determined a quarantine of New York and parts of New Jersey and Connecticut will be unnecessary after floating the idea earlier Saturday."On the recommendation of the White House Coronavirus Task Force, and upon consultation with the Governor’s of New York, New Jersey and Connecticut, I have asked the @CDCgov to issue a strong Travel Advisory, to be administered by the Governors, in consultation with the Federal Government," he tweeted. 485
Six-time NBA champion and Charlotte Hornets owner Michael Jordan unveiled the first of two medical clinics he has funded in the North Carolina city.The facility will offer care to Charlotte residents, including underinsured and uninsured patients.At the opening Thursday of the 290
Sen. Kamala Harris will introduce legislation Tuesday that decriminalizes marijuana on the federal level, marking her boldest legislative step on the issue.The Marijuana Opportunity Reinvestment and Expungement Act would remove marijuana from the Controlled Substances Act, enabling states to set their own policies. The bill calls for the resentencing and expungement of past and pending convictions and aims to rebuild communities disproportionately affected by the war on drugs.House Judiciary Chairman Jerry Nadler, a New York Democrat, will introduce companion legislation in his respective chamber.Public sentiment in favor of decriminalizing the drug has sharply increased. 693
Scott Fowler's wife had something to tell him when he got home Thursday evening."I pulled in and my wife met me here and she said, 'We hear something crying,'" Fowler told 183