Business News

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, Feb. 24, 2020. Stocks are opening sharply lower on Wall Street, pushing the Dow Jones Industrial Average down more than 700 points, as virus cases spread beyond China, threatening to disrupt the global economy. (AP Photo/Richard Drew)
February 24, 2020 - 3:51 pm
The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years as investors worry that the spread of a viral outbreak that began in China will weaken global economic growth. Traders sought safety in U.S. government bonds, gold and high-...
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FILE - This Feb. 8, 2018, file photo shows signs that mark the route of the Atlantic Coast Pipeline in Deerfield, Va. The U.S. Supreme Court is set to wade into a long-running battle between developers of the 605-mile natural gas pipeline and environmental groups who oppose the pipeline crossing the storied Appalachian Trail. On Monday, Feb. 24, 2020, the high court will hear arguments on a critical permit needed by developers of the Atlantic Coast Pipeline. (AP Photo/Steve Helber)
February 24, 2020 - 1:57 pm
The Supreme Court on Monday appeared ready to remove an obstacle to construction of the Atlantic Coast Pipeline, with a majority of justices expressing skepticism about a lower court ruling that tossed out a key permit needed for the natural gas pipeline to cross under the Appalachian Trial...
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FILE - In this Dec. 20, 2019, file photo Defense Secretary Mark Esper speaks during a news conference at the Pentagon in Washington. The Pentagon is adopting new ethical principles as it prepares to accelerate its use of artificial intelligence technology on the battlefield. (AP Photo/Susan Walsh, File)
February 24, 2020 - 1:51 pm
The Pentagon is adopting new ethical principles as it prepares to accelerate its use of artificial intelligence technology on the battlefield. The new principles call for people to "exercise appropriate levels of judgment and care" when deploying and using AI systems, such as those that scan aerial...
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Women wearing sanitary masks walk in downtown Milan, Italy, Monday, Feb. 24, 2020. Italy has been scrambling to check the spread of Europe's first major outbreak of the new viral disease amid rapidly rising numbers of infections, calling off the popular Venice Carnival, scrapping major league soccer matches in the stricken area and shuttering theaters, including Milan's legendary La Scala. (AP Photo/Luca Bruno)
February 24, 2020 - 1:21 pm
FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. Amid concerns that global output could decline for the first time since the global financial crisis a...
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FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. OxyContin maker Purdue Pharma launched an ad campaign Monday, Feb. 24, 2020, to tell people harmed by their powerful prescription opioid where they can file claims against the company. (AP Photo/Toby Talbot, File)
February 24, 2020 - 9:05 am
OxyContin maker Purdue Pharma launched an ad campaign Monday to tell people harmed by their powerful prescription opioid where they can file claims against the company. The $23.8 million campaign is part of Purdue's bankruptcy proceedings as it tries to resolve close to 3,000 lawsuits over its role...
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In this Feb. 18, 2020 photo, a view of the latest version of Chinese tech company Huawei’s folding smartphone, the Mate Xs, on display, at a press preview in London It’s the company’s first folding device to be available internationally and will compete in the niche category with new models from Samsung and Motorola. The company used a video livestream for the phone’s debut instead of a press launch originally planned at a mobile tech show in Spain that was cancelled over worries about the virus outbreak. (AP Photo/James Brooks)
February 24, 2020 - 7:38 am
LONDON (AP) — China’s Huawei unveiled its latest folding smartphone Monday and its first such device to be available internationally, competing in a niche category with new models from Samsung and Motorola. The company took the wraps off the new Mate Xs by video instead of a press launch, as the...
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A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)
February 24, 2020 - 3:40 am
BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline followed a sell-off Friday on Wall Street and a weekend...
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In this Sunday, Feb. 23, 2020, photo, workers take a rest near the closed restaurant and bank in Wuhan in central China's Hubei province. Warning that China's virus epidemic is "still grim and complex," President Xi Jinping called Sunday for more efforts to stop the outbreak, revive industry and prevent the disease from disrupting spring planting of crops. (Chinatopix via AP)
February 23, 2020 - 11:08 pm
BEIJING (AP) — Regulators on promised tax cuts and other aid Monday to help companies recover from China’s virus outbreak and expressed confidence the ruling Communist Party’s growth targets can be achieved despite anti-disease controls that shut down much of the economy. At a news conference,...
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In this Feb. 7, 2020, file photo, a man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Shares skidded in Asia on Monday, Feb. 24, after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.(AP Photo/Eugene Hoshiko)
February 23, 2020 - 11:00 pm
BANGKOK (AP) — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street. South Korea's Kospi dropped 3% to 2,098.37, while the S&P ASX/200 in Sydnay lost 2.3% to 6,975.20. Hong Kong's Hang Seng dropped 1.5...
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Miuccia Prada and Raf Simons, left, hold a press conference in Milan, Italy, Sunday, Feb. 23, 2020, on the sidelines of Milan Fashion Week. They announced their collaboration on Prada collections from Spring/Summer 2021, going forward indefinitely, the designers announced Sunday. (AP Photo/Colleen Barry)
February 23, 2020 - 1:31 pm
MILAN (AP) — Miuccia Prada and Raf Simons — two of the fashion world's biggest creative names — will collaborate on Prada collections from Spring/Summer 2021 going forward indefinitely, the designers announced Sunday at a news conference on the sidelines of Milan Fashion Week. Prada, who has been...
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