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Sharp drops in Apple, Facebook and other big technology companies ended a miserable week on Wall Street on another sour note. The S&P 500 gave back 1.2%, sealing back-to-back weekly losses and the second straight losing month for the benchmark index since March. Surging coronavirus cases in the U.S. and Europe have spooked investors into dumping riskier assets. Washington's failure to deliver badly needed aid to the recession-struck economy and uncertainty about the presidential election have also cast a pall on markets. The drops in several high-flying Big Tech stocks came after those companies issued uncertain outlooks for the future.On Friday, the number of coronavirus cases in the US rose to 9 million since the start of the pandemic. Many states are seeing record levels of cases and hospitalizations associated with the virus. 854

SEOUL, South Korea — North Korean state media say leader Kim Jong Un urged officials to maintain alertness against the coronavirus, warning that complacency risked “unimaginable and irretrievable crisis." Despite the warning, Kim reaffirmed North Korea’s claim to not have had a single case of COVID-19. The country described its anti-virus efforts as a matter of national existence earlier this year. The reports on Thursday's high-level ruling party meeting say Kim stressed the need for vigilance as the virus continues to spread in neighboring countries.Experts say North Korea's lockdown is hurting an economy already battered by U.S.-led sanctions over its nuclear weapons program. 695

Some workers have saved a ton of money during the pandemic thanks to many not having to commute. In fact, it’s reported that the total savings by Americans not having to commute is upwards of billion.On average, workers across the country usually have a work commute of about 50 minutes.“I don’t miss the commute at all,” said Raymond Kelly, who is now working from home. "It was a little drive on both sides and a boat in the middle.”Kelly is an engineer in Washington state, and for eight years, his commute was far longer than the average workers’.Every day, he commuted from Poulsbo, Washington to Muckilteo. First, he drove 30 minutes to park and catch a ferry in Kingston, Washington. After the 30 minutes ferry ride, he got into his second car parked on that side of the Puget Sound and then drove another 30 minutes to finally get to his job. In total, his commute was about three to four hours a day. However, since his company began allowing people to work from home in March, his commute is now just two or three minutes. It’s the walk from his bed to a small office he created in his home.“I think it has been huge. It is almost like getting a piece of life back,” said Kelly.Kelly is saving at least 0 a month not commuting to work, and most Americans are seeing a similar savings. A survey done by a company called Upwork shows the average American has saved about ,000 since March by also not commuting to work.“The total savings since March comes out to billion,” said Adam Ozimek, the chief economist at Upwork.“In the long run, the money you save on this is the money you spend elsewhere,” added Ozimek. "What we know from the survey is it consumers are generally spending more online. They are spending more at grocery stores. They are spending more those way and also are saving more."A new poll by the National Opinion Research Center shows 45 percent of Americans are putting the money saved on commuting into their personal savings, while 26 percent are paying down debt at a faster rate than Americans did pre-pandemic.Long term, as more employers signal remote work as a more permanent way to work, economists believe the money saved commuting will be put towards things like people eating out more and traveling. Both would help struggling sectors of the economy and industries struggling the most right now.As for Kelly, he’s been spending his commute savings on home-improvement projects. 2437

Staff members at JP Morgan Chase came back from the Labor Day weekend to an email allegeding some employees and customers of the large bank may have acted in ways “that does not live up to our business and ethical principles — and may even be illegal,” according to a company memo obtained by multiple media outlets.The bank’s operating committee, led by CEO Jamie Dimon, sent the email Tuesday morning. It talked about how the pandemic has brought out the best in many workers, however there have been instances where, the company believes, customers have abused the government’s coronavirus relief programs.“This includes instances of customers misusing Paycheck Protection Program loans, unemployment benefits and other government programs. Some employees have fallen short, too,” the memo reads, according to CNBC.JP Morgan Chase has issued nearly 300,000 loans, for a total of almost billion under the Paycheck Protection Program, according to ABC News.No further details about what kind of “misuse” or unethical behavior the bank is citing. They only said they are working to “identify those instances, and cooperate with law enforcement where appropriate.”Accusations of fraud or otherwise problematic loans have come up all summer. In June, when some of the businesses who received loans became public, some names raised some eyebrows, including Kanye West’s fashion brand.The House Select Subcommittee on the Coronavirus Crisis announced that it has identified other possible fraudulent activity within the PPP program, including more than billion awarded to businesses that received multiple loans.Another billion was given to companies who reportedly didn’t include complete information from applicants. 1732

Sgt. Ron Helus had been set to retire in the next year from the Ventura County, California Sheriff's Office when, responding late Wednesday to a call of a shooting, he entered the Borderline Bar & Grill.It would be the last act of a 29-year law enforcement veteran described as hardworking and dedicated and, now, as a hero.Helus was among the first officers through the door at the Borderline. He died trying to stop the rampaging gunman, who killed 11 others in the attack in Thousand Oaks, California."He went into save lives, to save other people." Ventura County Sheriff Geoff Dean said of Helus, his voice breaking."He was totally committed, he gave his all, and tonight, as I told his wife, he died a hero," he said.Helus succumbed to his wounds at a hospital, police said. He is also survived by a son. 822