Associated Press/Photo by Richard Drew

Stock market swings

by Harvest Prude
Posted 3/05/20, 12:25 pm

After rebounding on Wednesday, the U.S. stock market started to slide again on Thursday. Wednesday’s bounce back after Vice President Joe Biden’s resurgence in the Democratic Party’s Super Tuesday contests revealed Wall Street’s worries about Sen. Bernie Sanders, I-Vt., who has pledged to regulate banks and eliminate private health insurance. Many consider Biden more business-friendly.

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Associated Press/Photo by Mark Lennihan

Global stock markets plunge

by Lynde Langdon
Posted 2/28/20, 10:22 am

The Dow Jones Industrial Average had its largest single-day drop in history on Thursday. Fears about the effect of the coronavirus outbreak on businesses have pulled the rug out from under global markets, which were performing better than ever before the disease began to spread. The S&P 500 index is down 12 percent from its all-time high a week ago, and stock markets in China, India, Japan, and South Korea are falling, as well.

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Associated Press/Photo by Ahn Young-joon

U.S., Saudi Arabia promise to tap oil reserves, if needed

by Rachel Lynn Aldrich
Posted 9/17/19, 11:18 am

Oil prices eased back down on Tuesday as Saudi Arabia worked to restore one of its major processing plants. Global prices spiked Monday by 15 percent after armed drones targeted key oil facilities in the kingdom over the weekend. The attack halted more than half of the country’s daily exports, but Saudi Arabia and the United States have said they could release oil from their reserves as needed to manage prices. Oil prices had fallen by about 5 percent on Tuesday morning.

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