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The Dow Jones Industrial Average dropped as many as 900 points in early trading Monday morning as fears the spread of COVID-19, better known as coronavirus, paralyzed the market.As of 2:30 ET Monday, the Dow was still down about 900 points.Gold prices also surged following reports of increases in COVID-19 in China and around the world.Markets in South Korea and Italy led the decline on Monday, falling nearly as much as 4.6%. Markets are down across Europe and Asia, while futures for U.S. benchmarks have also dropped sharply. Tokyo's markets are closed for a public holiday. South Korea, Iran, and Italy reported a large jump in new cases, potentially disrupting the world economy more deeply than expected. China's leaders promised more help for companies and the economy. Economists note it will be hard to avoid a big hit to the global economy at least in the current quarter. 896
The National Oceanic and Atmospheric Administration (NOAA) has released an updated outlook for the 2019 Atlantic hurricane season.The update includes an increase to the number of named storms in the forecast. 220
The ongoing shutdown is creating uncertainty for tens of thousands of low-income tenants who rely on the federal government to help pay their rent.The Department of Housing & Urban Development hasn't been able to renew roughly 1,650 contracts with private building owners who rent to poor Americans. These contracts either ran out in December or are expiring this month. Another 550 contracts are set to lapse in February.Those contracts cover around 130,000 households, who have an average income of ,000 a year. Many tenants are elderly or disabled.With no sign of the shutdown ending soon, HUD has asked landlords to draw on their reserves to cover any shortfalls. The 691
The Dow Jones traded below 20,000 for the first time since 2017 on Tuesday, but appeared to have stemmed some of the bleeding after Monday's 3,000 point loss.After an early peak, the Dow sunk about 200 points shortly after opening, leaving the markets trading at less than 20,000. But as Trump administration officials spoke about their plan to give 362
Texas authorities say a search for a suspect continues after two people were killed and five others were injured following a shooting during a concert inside a San Antonio club. Police say officers were called shortly after 8 p.m. Sunday to the Ventura, a music venue located along San Antonio's Museum Reach portion of the River Walk. San Antonio Police Chief William McManus tells KENS-TV that an argument led to the shooting of several patrons. One victim died at the scene, and another six were transported to a hospital, where one was pronounced dead shortly after arrival. 590