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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

Super-loyal customers who use Starbucks' membership program account for about 40% of sales at the company's US stores. Now Starbucks is taking steps it believes will make the program more attractive.Starting on April 16, the coffee company's rewards members in the United States and Canada will start earning rewards sooner and have more options when redeeming points. For customers who use a Starbucks rewards credit or debit card, points won't expire. (They still expire after about six months for other members.)Digital rewards programs are a way for companies such as Starbucks to increase loyalty and learn more about their customers. The update is designed to bring even more people into the program by offering more choice.The current rewards program works like this: Customers get two points, or stars, for every dollar they spend. Customers need to hit 300 stars within one year in order to start qualifying for rewards. Once they qualify, they can get a free drink or free food for every 125 stars. If they hold on to the points until they reach, say, 250, they can redeem the points for two free drinks, two food items or one of each.The new system lets people get different rewards for different amounts of stars, and starts at a lower tier. Members can cash in 25 stars for an extra espresso shot, dairy substitute or another flavor pump. For 50, they get coffee or tea or a bakery item, and so on.More flexibility can serve more types of customer behaviors, Matthew Ryan, the company's chief marketing officer, told CNN Business."There are people who like to spend at very low levels, and there are people who like to hoard a lot of points," Ryan said. "Right now, we have just the middle point of the range."Starbucks launched its rewards programs in 2009, but has changed how it works over the years. Notably, in 2016, Starbucks 1857

Russell Horning, known as the Backpack Kid, is now suing the makers of Fortnite because of the game using a dance he created called the "Floss."The mother of the 16-year-old from Georgia is who filed the lawsuit Monday, 232

Sen. Jeff Merkley announced Tuesday that he is not running for President, telling supporters in a video that he will remain in the Senate after mulling a presidential bid for months.In a video that in many ways mimicked a presidential announcement, Merkley laid out his life story, described issues that he believes need to be tackled and outlined what could have been a rationale for a 2020 run. But the Oregon Democrat says in the video that he believes Democrats need leadership in the Oval Office and the Senate and that he believes he could be most effective in the legislative body."Over the last year, I've weighed whether I can contribute more to the battle by running for president or by running for reelection to the Senate," Merkley said. "Today, I am announcing that I am not running for president."Merkley did not endorse a candidate currently in the race and added, "I believe that there are Democrats now in the presidential race who are speaking to the importance of tackling the big challenges we face. But what I'm also sure of is that right now the Senate is not prepared to be a full partner in this fight."Instead of running for president, Merkley will now spend the next two years running for reelection in Oregon, a race that all nonpartisan handicappers rate as a seat safely in Democratic hands.Merkley, a Democrat representing Oregon since 2009, was the only US senator to endorse Bernie Sanders in the 2016 election over his rival, Hillary Clinton. Despite that support, Merkley said if Sanders was losing to Clinton after the primary season, he should end his presidential campaign and concede to Clinton.Merkley, a member of the Senate Foreign Relations Committee, has been a major critical voice of the Trump administration in the Senate, particularly its handling of immigration issues. In June, the senator made headlines when he was denied entry to a Texas immigration center for unaccompanied minors when he showed up and asked for a tour. He accused the administration of being part of a "cruel" effort against unauthorized immigrant children.In January he asked the FBI to open a perjury investigation into Homeland Security Secretary Kirstjen Nielsen. The call came a day after he released a draft memo that shows the Trump administration was drafting a policy as early as December 2017 to separate families apprehended at the US southern border. The administration has repeatedly denied there was a policy to separate families, and Merkley said Nielsen made the same claim when she testified before Congress.Late last year, Merkley told ABC that his family had given him a "thumbs-up" to run for President, and that he would make a decision within the first three months of 2019. 2729

Serena Williams moved into a 10th US Open final and picked up a record-equaling 101st win in New York by routing Elina Svitolina 6-3, 6-1 but the number she might still be preoccupied with is 24.Collecting a 24th major Saturday would tie the American with Margaret Court for tennis' all-time lead, and the 37-year-old is hoping to get over the finish line after losing three grand slam finals in a row -- which had never previously happened in her storied three-decade career.The latest setback occurred at Wimbledon in July, when Williams was stopped thanks largely to the brilliance of Simona Halep. The Romanian committed a miniscule three unforced errors in the final.Svitolina is a similar type of counterpuncher, but the fifth seed from Ukraine paid the price for not capitalizing on her early opportunities under the lights of Arthur Ashe stadium.The Wimbledon semifinalist earned three break points straight away, didn't convert, then was broken from 40-0 to trail 2-0. Those first two games took an extended 15 minutes.There was more woe for Svitolina and her player box -- which included her boyfriend, Gael Monfils, who lost in the quarterfinals Wednesday -- when she couldn't break from 40-0 on the Williams serve at 3-1.That really was her last chance to gain a foothold. Not long after, Williams booked a spot in the final almost exactly 20 years after appearing in her first grand slam final at the 1999 US Open. That gap is a record -- another record she owns.Svitolina won the last time they faced off, though Williams was suffering from a shoulder injury back then at the Rio Olympics in 2016.Williams tied Chris Evert for top spot in US Open victories. She has spent an economical one hour, 54 minutes combined on court in her last two matches, crushing China's Wang Qiang in the quarterfinals and surrendering only one set en route to the final.Williams moving greatPutting a knee injury behind her, Williams moved supremely well at the Rogers Cup in Toronto in August and looks to have overcome the back injury that forced her to retire in that final against Bianca Andreescu as well as the rolled ankle she sustained this week against Petra Martic.She patrolled the court sublimely to bring up a break point at 1-1 in the second and even, rarely for her, served and volleyed.Williams could face the 19-year-old Canadian upstart again if Andreescu tops Belinda Bencic in the second semifinal. Andreescu or Bencic will be appearing in a first grand slam final.It's all going so well for Williams but the question indeed is whether she can produce in the final and win a major for the first time since becoming a mom to daughter Olympia almost exactly two years ago.Williams was once unbeatable in grand slam finals, winning eight straight from 2012-2015.But twelve months ago, she controversially fell to Naomi Osaka at Flushing Meadows.Though they lack in experience, the crafty pair of Bencic or Andreescu shouldn't be taken lightly.No one has tallied more top-five or top-10 wins this season than former teen prodigy Bencic -- who beat Williams in 2015 and Osaka this week -- while 15th-seed Andreescu has won 12 straight matches, and 22 if you discount a retirement loss to Anett Kontaveit in Miami in March. 3244

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