Washington, DC (CNN Business) Confusion greeted the launch of a coronavirus testing website built by Verily, a subsidiary of Alphabet and sister company to Google. The site launched Sunday night and is initially intended for people in the San Francisco …
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The Dow Jones Industrial Average is slumping Monday afternoon with shares of Boeing and JPMorgan Chase delivering the stiffest headwinds for the blue-chip average. The Dow DJIA was most recently trading 1,936 points, or 8.3%, lower, as shares of …
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U.S. GDP could drop 5% in the second quarter, Goldman Sachs economists predicted on Sunday. That would mark the biggest annualized drop since the fourth quarter of 2008, when GDP fell 8.4%. Fears of a deep economic contraction caused by the …
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United Airlines announced steeper cuts to its flying capacity in April and May as the new coronavirus and efforts to contain it take a growing toll on the airline industry. Flight bookings are plummeting as the virus continues to spread and U.S. officials placed …
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With trillions lost and volatility everywhere, U.S. stocks are tracing a path disturbingly close to the 2008 playbook. If the pattern continues, it may mean two more weeks of pain to come. The S&P is likely headed toward 2,000 over the next 14 days, according to …
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