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Business

Stocks rally, despite protests in DC, on hopes for stimulus

Wall Street rallied Wednesday on expectations of more stimulus for the economy, though the enthusiasm was dampened by chaotic scenes in the nation’s capital. The S&P 500 rose 0.6% after having been up 1.5% earlier, while the Dow Jones Industrial Average closed at a record high. ...

China criticizes American order against dealing with Chinese apps

BEIJING (AP) — China’s government on Wednesday accused Washington of misusing national security as an excuse to hurt commercial competitors after President Donald Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps. Tuesday’s order ...

US stocks recoup some losses after sharp slide to start 2021

Stocks closed broadly higher on Wall Street Tuesday, regaining their footing a day after suffering their worst loss in months amid the worsening pandemic and potentially market-moving Senate elections. The S&P 500 rose 0.7%, recovering about half of the index’s losses from a day ...

US: Hack of federal agencies is ‘likely Russian in origin’

WASHINGTON (AP) — Top national security agencies confirmed Tuesday that Russia was likely responsible for a massive hack of U.S. government departments and corporations, rejecting President Donald Trump’s claim that China might be to blame. The rare joint statement represented the U.S. ...

Stocks fall as trading starts for year of great expectations

U.S. stocks pulled back from their recent record highs Monday, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world. The S&P 500, which ended 2020 at an all-time high, slid 1.5% after earlier ...

Kish Supports Local Communities with Year-End Contributions

STATE COLLEGE—December 30, 2020 – Kish Bank has announced the distribution of $17,000 in charitable year-end contributions to local community organizations. In addition to the Bank’s annual 2020 contributions and community support of $180,000, the supplementary $17,000 in contributions ...

Tokyo trading closed for holiday and other Asian indexes mixed

TOKYO (AP) — Major Asian bourses were closed for the New Year’s holidays Thursday while the handful that remained open was mixed. Australia’s S&P/ASX fell 0.8% to 6,632.10, while Hong Kong’s Hang Seng gained 0.5% to 27,271.40. The Shanghai Composite gained 1.3% to 3,458.71. ...

Scandal-battered utility now faces specter of pricy lawsuits

CLEVELAND (AP) — Ohio’s largest electric utility, its reputation battered by scandal, has been besieged by more than a dozen lawsuits filed by angry shareholders who include some of the country’s biggest institutional investors. And, if history is a guide, FirstEnergy Corp. and its ...

American stocks hit records after Trump signs $900B aid package

Stocks began the final week of 2020 with more gains Monday, nudging the major U.S. indexes to record highs. The S&P 500 climbed 0.9%, powered by gains in technology, communication services and consumer discretionary stocks. Companies that were hit the hardest by the pandemic, including ...

How young drivers can steer clear of costly car insurance

Insurance costs for drivers in their early 20s can be staggering — after teenagers, young adults have some of the highest car insurance rates in the country. In fact, the average car insurance rate for drivers 20 to 25 years old is about $2,200 a year for full coverage, according to a 2020 ...