Author: Damian J. Troise
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Stocks slip on Wall Street as 2025 winds down
NEW YORK (AP) — Stocks slipped in afternoon trading on Wall Street Monday to kick off another holiday-shortened week. The S&P 500 fell 0.5%. With just three trading days left in 2025, the benchmark index is still up more than 17% for the year and it remains on track for its eighth monthly gain in…
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Oil’s chaotic collapse deepens; stocks drop worldwide
NEW YORK • Oil prices crumpled even further Tuesday, and U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic. The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have…
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Dow drops more than 1,000 as outbreak threatens the economy
The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years, as investors worry that the spread of a viral outbreak that began in China will weaken global economic growth. Traders sought safety in U.S. government bonds, gold and high-dividend stocks like utilities and…
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Retailers Dick’s and Walmart take harder line against guns
NEW YORK — Dick’s Sporting Goods and Walmart took steps Wednesday to restrict gun sales, adding two retail heavyweights to the growing rift between corporate America and the gun lobby. Dick’s said it will immediately stop selling assault-style rifles and ban the sale of all guns to anyone under 21. Its CEO took on the…
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Weinstein Co., mired in sex scandal, may be up for sale
NEW YORK — The Weinstein Co., besieged by sexual harassment allegations against its namesake and co-founder, may be putting itself up for sale. The company said Monday that it will receive an immediate cash infusion from Colony Capital and is in negotiations for the potential sale of all or a significant portion of the company…