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Business

Major stock indexes end with modest gains on Wall Street

Wall Street capped a choppy day of trading with modest gains Wednesday, as investors focused on some strong earnings reports from Big Tech companies while remaining cautiously optimistic that Washington will deliver more economic stimulus. The S&P 500 inched up 0.1% after swinging ...

Amazon CEO Jeff Bezos may step down without stepping away

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power. Tuesday’s announcement that Bezos will hand off ...

Big Tech leads stocks to broad gains; GameStop, AMC tank

Big Tech companies and banks helped power a broad rally on Wall Street Tuesday, though shares in GameStop and other recent high-flying stocks hyped by online traders plunged. The S&P 500 rose 1.4%, extending gains from a day earlier, as investors sized up the latest batch of company ...

Biden, Yellen say GOP virus aid too small, Democrats push on

WASHINGTON (AP) — President Joe Biden panned a Republican alternative to his $1.9 trillion COVID rescue plan as insufficient Tuesday as Senate Democrats pushed ahead, voting to launch a process that could approve his sweeping rescue package on their own, if Republicans refuse to support ...

SpaceX flight gives St. Jude hospital a cosmic funding boost

NEW YORK (AP) — SpaceX’s first all-civilian space flight set for late this year will provide an out-of-this-world fundraising opportunity for St. Jude Children’s Research Hospital, which says it expects to generate $200 million for cancer research and other causes. It’s off to a fast ...

Wall Street recovers some of last week’s drop, silver climbs

Stocks notched broad gains on Wall Street Monday, clawing back some of their losses following the market’s worst weekly loss since October. The S&P 500 rose 1.6%. The benchmark index was coming off a 3.3% slide last week, when volatility spiked as online traders hoping to inflict ...

Biden meets Republicans on virus aid, but no quick deal

WASHINGTON (AP) — President Joe Biden met for two hours late Monday with a group of Republican senators who have proposed a slimmed down $618 billion coronavirus aid package that is only a fraction of the $1.9 trillion he is seeking. Skeptical Democrats vowed to push ahead in Congress with ...

GameStop soars again; Wall Street bends under the pressure

Another bout of selling gripped the U.S. stock market Friday, as anxiety mounts over whether the frenzy behind a swift, meteoric rise in GameStop and a handful of other stocks will damage Wall Street overall. The S&P 500 dropped 1.9%, giving the benchmark index its biggest weekly loss ...

Biden warns of growing cost of delay on $1.9T econ aid plan

WASHINGTON (AP) — President Joe Biden warned Friday of a steep and growing “cost of inaction” on his $1.9 trillion COVID relief plan as the White House searched for “creative” ways to win public support for a package that is getting a cold shoulder from Senate Republicans. In the ...

Stocks claw back some lost ground; GameStop keeps swinging wildly

Stocks closed broadly higher on Wall Street Thursday, helping the market recoup some of its losses a day after its biggest pullback in nearly three months. Investors continued to closely watch the wild swings in GameStop, AMC and several other stocks which have become targets for hordes of ...