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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 Dow dropped some 250 points Friday, following a sharp drop in Boeing's shares.Shares of Boeing, which has been hurt by the grounding of its bestselling 737 Max jet, dropped after the FAA and U.S. Department of Transportation said they are investigating whether the 281
The Hallmark Channel is reversing its decision to pull advertisements featuring same-sex couples and apologizing for removing them in the first place, a network spokeswoman told CNN Business.The decision comes after Hallmark parent company Crown Media Family Networks faced calls for viewers and advertisers to 323
The National Rifle Association is suing after the San Francisco Board of Supervisors labeled it a "domestic terrorist organization," according to the complaint.Last week, the board 193
The entire US auto industry would shutdown within a week if President Donald Trump goes through with his pledge to close the US-Mexican border, according to a leading expert on the industry.That's because every automaker operating an auto plant in the United States depends on parts imported from Mexico, said Kristin Dziczek, the vice president of industry, labor and economics at the Center for Automotive Research.About 37% of all auto parts imported to the United States originate in Mexico. Virtually all car models in America have Mexican parts, she said. Because of that reliance, she said the auto industry would stop producing vehicles relatively quickly."You can't sell cars with missing pieces," she said. "You've got to have them all. I see the whole industry shutdown within a week of a border closing."President Trump is threatening to 862