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The Dow Jones Industrial Average has been on a wild ride in recent weeks, with record drops and record gains becoming the norm. On Tuesday, the market had another record day. On Tuesday, the index gained more than 2,000 points for the first time in the history of the index, climbing back above 20,000 points to finish the day at 20,685. Overall, the Dow has lost about 8,000 points in the last six weeks. A number of companies that have seen massive losses in the last six weeks regained some ground on Tuesday, including Disney, Boeing, America Express and Visa. It was a better day for oil, which has been hard hit in recent weeks. Chevron shares jumped 18% on Tuesday. 685

The Los Angeles sheriff says gun shops are not essential businesses and he ordered them to stop selling to the public. The move by Sheriff Alex Villanueva on Tuesday enraged Second Amendment advocates, who said they planned to challenge it in court. Los Angeles County, the nation’s largest county with 10 million residents, enacted a stay-at-home order last week requiring all nonessential businesses to close. The sheriff says what he described as a “loophole” allowed gun shops to stay open and many attracted long lines of customers. Villanueva said the order was only meant to keep open businesses that support police departments and other security organizations.California is under a "stay-at-home" order amid the spread of coronavirus. The order requires non-essential businesses to effectively close in order to slow the spread of the virus. 862

The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality, according to Census Bureau figures.Income inequality in the United States expanded from 2017 to 2018, with several heartland states among the leaders of the increase, even though several wealthy coastal states still had the most inequality overall, according to figures released Thursday by the U.S. Census Bureau.The nation’s Gini Index, which measures income inequality, has been rising steadily over the past five decades.The Gini Index grew from 0.482 in 2017 to 0.485 last year, according to the bureau’s 1-year American Community Survey data. The Gini Index is on a scale of 0 to 1; a score of “0″ indicates perfect equality, while a score of “1″ indicates perfect inequality, where one household has all the income.The increase in income inequality comes as two Democratic presidential candidates, U.S. Sens. Bernie Sanders and Elizabeth Warren, are pitching a 1030

The maker of Miller Lite and Coors Light doesn't see the funny side of Bud Light's corn syrup Super Bowl ads.MillerCoors filed suit against Anheuser-Busch, the brewer of Bud Light, over the commercials, which it says are "false and misleading." It wants them blocked and its rival to set the record straight.Bud Light's ads during Super Bowl LIII touted the fact that the beer is sweetened with rice rather than corn syrup. And they took jabs at its competitors.In the first ad, the Bud Light King, Bud Knight and others are trying to figure out what to do with a corn syrup barrel that was delivered to them by mistake. They set out to the Miller Lite castle to see if the barrel belongs there, but the castle had already received its delivery of corn syrup. Finally, they make it to the Coors Light castle whose occupants have been looking for their corn syrup barrel.MillerCoors said in Thursday's lawsuit that Anheuser-Busch "plotted an extensive and pervasive advertising scheme designed to frighten consumers into switching away from Miller Lite and Coors Light to Bud Light." It accused Anheuser-Busch of using corn syrup as a fermentation aid in drinks such as Stella Artois Cidre and Bud Ice.MillerCoors said it never uses high fructose corn syrup, which it says is different from corn syrup. But it alleged that Anheuser-Busch uses high fructose corn syrup in some of its drinks such as Rita's Berry-A-Rita.The American Heart Association recommends that people limit the amount of sugar and added sugar, such as high fructose corn syrup and honey, that they consume because too much of it 1611

The Dow fell 460 points Friday as a leading indicator of a US recession and concern about a global slowdown spooked investors.The index shed 1.8%, while the S&P 500 closed down 1.9%. The Nasdaq plunged 2.5%. It was the worst performance for all three major indexes since January 3.The yield on 3-month Treasuries rose above the rate on 10-year Treasuries for the first time since 2007 — a shift that scared Wall Street. Investors have piled back into stocks after a sell-off in late 2018.The flattening yield curve, or the difference between short- and long-term rates, has worried investors for months. A narrowing spread is typically seen as sign that long-term confidence in the economy is waning, which could signal an eventual economic contraction.Friday's flip added to pressure on the Dow that was building before US markets opened.The index stumbled at the bell on poor manufacturing data from Germany, which also spelled trouble for the country's bond market. The yield on Germany's benchmark 10-year government bond fell below zero for the first time since October 2016.All of that news is fueling Wall Street's ongoing concerns about slowing global growth.White House economic adviser Larry Kudlow told CNBC last year that the spread between 3-month and 10-year Treasury yields was important to watch."It's actually not 10s to 2s; it's 10s to 3-month Treasury bills," Kudlow 1402