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An investor is suing Sen. Richard Burr for securities fraud connected to stock sales he made after private coronavirus briefings, court papers show. Wyndham Hotels shareholder Alan Jacobson filed the lawsuit Monday in Washington, DC, federal court, alleging that the North Carolina Republican “acted as a scofflaw in a time of national crisis” by exploiting …
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US stocks surged Tuesday on signs that Congress is poised to pass a stimulus package worth as much as $2 trillion to offset the economic fallout from the coronavirus pandemic. The Dow Jones industrial average rose as much as 1,528.16 points, or about 7.6 percent, as lawmakers neared a deal with the Trump administration on the rescue …
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Jeff Bezos saved a small fortune by selling billions of dollars in Amazon shares before the coronavirus pandemic crashed the stock market, a new report said. The 56-year-old e-commerce tycoon avoided about $317 million in paper losses by dumping $3.4 billion worth of Amazon stock in early February — less than three weeks before global …
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US stocks plummeted Monday even after the Federal Reserve threw more lifelines at a national economy facing an increasingly dire threat from the coronavirus pandemic. The Dow Jones industrial average plunged as much as 960.33 points, or 5 percent, despite the Fed’s announcement that it would place no limits on a huge bond-buying program it restarted a …
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Two more senators made hefty stock sales before the coronavirus pandemic tanked global markets, records revealed as two other lawmakers who dumped millions in shares faced mounting calls to resign. Sens. Dianne Feinstein and Jim Inhofe sold as much as $6.4 million worth of stock in the weeks before panic about the coronavirus sparked a …
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Disney’s stock woes are leading to calls for tech giant Apple to swoop in with a marriage proposal. Rosenblatt Securities analyst Bernie McTernan is calling on Apple to pounce on the Mouse House now that the coronavirus panic has shaved $85 billion off its valuation — reducing its market cap by one third last week. …
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The Dow plunged nearly 3,000 points on Monday — or nearly 13 percent, its biggest drop since the “Black Monday” crash of 1987 — after the Federal Reserve’s surprise move to slash interest rates to near zero stoked fears about the damage the coronavirus is doing to the economy. Stocks accelerated their downward move in …
An investor is suing Sen. Richard Burr for securities fraud connected to stock sales he made after private coronavirus briefings, court papers show. Wyndham Hotels shareholder Alan Jacobson filed the lawsuit Monday in Washington, DC, federal court, alleging that the North Carolina Republican “acted as a scofflaw in a time of national crisis” by exploiting …
