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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 family that owns well-known consumer brands like Krispy Kreme doughnuts, Keurig Dr. Pepper and Panera Bread say their Nazi ancestors used slave labor during World War II.The Reimann family, which owns the controlling stake in JAB Holdings and is reportedly one of the richest families in Germany, will donate €10 million, or million, to a yet-undisclosed charity after a three-year investigation that it commissioned discovered details of their ancestors' behavior.A family spokesperson said Albert Reimann Sr., who died in 1954, and Albert Reimann Jr., who died in 1984, used Russian civilian prisoners and French prisoners of war as forced labor in their factories during the war, and that they were anti-Semites and avowed supporters of Adolf Hitler.The investigation also found that Reimann Sr. donated to Hitler's paramilitary SS force as early as 1931.Investigators also found a letter from Reimann Jr. to a local mayor complaining that the French prisoners of war weren't working hard enough and should be in prison."Reimann Senior and Reimann Junior were guilty. The two businessmen have passed away, but they actually belonged in prison," said Peter Haft, the chairman and one of the managing partners of JAB Holdings, in an interview with German publication Bild. "We were ashamed and white as sheets. There is nothing to gloss over. These crimes are disgusting." A family spokesperson confirmed the quote to CNN Business.The family expects to publish a book next year that will detail the ties.JAB Holdings, which is based in Luxembourg, also owns Peet's Coffee, Pret A Manger, Einstein's Bagels and Coty.The company acquired most of its best-known brands within the last several years. It took a stake in Coty in the early 1990s, and is the beauty company's largest shareholder. 1810
¡¡¡¡The bulk of Barry¡¯s wrath hasn¡¯t even made it onto land yet but the storm has already left tens of thousands without power, knocked down trees and flooded some low-lying coastal areas."Rainfall remains the primary hazard, we are still looking at 10 to 15 inches of rain, with the possibility of isolated higher amounts," Louisiana Gov. John Bel Edwards said.In Plaquemines Parish, Louisiana, about 25 miles south of New Orleans, a small levee was breached and led to acres and acres of flooded farm field. But it's not the fields that's the concern. There's a highway that runs nearby. And if this floodwater overflows the highway, it could strand anyone who didn¡¯t evacuate."So the people of southern Plaquemines need to know, they will be stuck down there," said Louisiana Lt. Gov. Billy Nungesser.Nungesser, the former parish president, said the breach has already created problems for farmers."We just rescued cattle out of this pasture, " Nungesser said. "Got them out before they drowned. And those cattlemen are now rescuing other cattle north and south of here."With rainfall forecasts having improving slightly, the lieutenant governor worries less about the Mississippi River topping levees. But given the large amounts of rain, no one should let their guard down¡ª even after the storm."We saw it after Katrina, the storm was well past and then the levees, the flooding came after," Nungesser said. "The skies were sunshining when New Orleans was flooding from Katrina."In New Orleans, local officials are urging a similar message."And although you may not have seen rainfall as we¡¯ve been discussing, it is coming our way," New Orleans Mayor LaToya Cantrell said. "So please continue to listen and act accordingly." 1738
¡¡¡¡The immigrants were shouting ¡°Three million deportations¡± at Joe Biden because they are running a campaign to get candidates to commit to reunifying the record number of families deported under the Obama - Biden administration. 240
¡¡¡¡The Galaxy Fold saga continues.Best Buy is canceling pre-orders for Samsung's troubled foldable phone.On Thursday, the retailer emailed customers who pre-ordered the phone a cancellation notice. The highly-anticipated device, announced in February, broke for early tech reviewers, forcing Samsung to delay the April launch. Samsung hasn't yet said when the 369