Jim Zarroli
Stories
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Business
Fed Cuts Interest Rates In Emergency Response To Coronavirus
The Federal Reserve's move was unusual, coming between regularly scheduled policy meetings. Officials also left open the possibility of further cuts if the economic damage gets worse.
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Business
Stocks In Free-fall: Dow Plummets Over 1,000 Points As Coronavirus Tightens Grip
All of the major indexes are now in what the markets call a correction, and stocks were also down in Asia and Europe
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Business
Coronavirus Spreads To Wall Street; Dow Drops 1,032 Points
U.S. markets fell sharply amid widening concern that the continuing spread of cases could lead to a global pandemic. The Dow Jones Industrial Average had its worst performance in more than 2 years.
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Business
Morgan Stanley Buys Online Discount Brokerage E*Trade
Wall Street moves a little closer to Main Street with Morgan Stanley's acquisition of discount brokerage E*Trade. The $13 billion deal is the largest by a major U.S. bank since the financial crisis.
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Politics
'Dark Towers' Is A Cautionary Tale Of Pursuing Profits At Any Cost
President Trump's relationship with Deutsche Bank is still under investigation, so David Enrich's story is necessarily incomplete. But he shows the bank's tale is complex — more than one gone rogue.
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Business
U.S. Prosecutors Hit Huawei With New Federal Charges
The U.S. government has charged China's Huawei with racketeering and conspiracy to steal trade secrets. The new charges raise the stakes to a case that began last year.
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National
Boeing Faces Financial Pressures After Grounding Of 737 Max
If Boeing were a normal company, it could be facing questions about bankruptcy after losing billions of dollars over the grounding of the 737 Max. But is it too big to fail?
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Business
A Change In Harry And Meghan's Financial Status Creates Problems
Prince Harry and his wife Megan Markle are giving up their senior royal status to work as they please and become financially independent. No one is exactly sure what that means.
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Business
Australia's Massive Fires Threaten To Slow Decades-Long Economic Boom
Australia hasn't had a recession in nearly 30 years, an impressive track record for an industrialized county. But the fires threaten two pillars of the country's economy.
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Business
A Decade After A Fearful Market Hit Bottom, Stock Bulls Continue Historic Run
The S&P 500 has seen a nearly fivefold increase since the depths of the Great Recession. But some analysts say the bull market may have gone on too long, encouraging investors to take more risks.