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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Dow drops more than 1,000 as outbreak threatens the economy

By ALEX VEIGA and DAMIAN J. TROISE | February 24, 2020

The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy. The drop was the worst for the index in two years and wiped out its gains so far in 2020. Nervous investors...

‘Promises kept’ mantra doesn’t always match Trump’s reality

By KEVIN FREKING | February 23, 2020

WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)."That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally...

Stocks sink, Treasury prices soar as investors seek safety

By ALEX VEIGA | February 21, 2020

Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies.The yield on the 30-year Treasury reached a record low as investors sought the safety...

World markets slip on renewed fears over virus outbreak

By JOE McDONALD | February 21, 2020

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak.Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt...

Asian stocks rebound from early losses as virus toll grows

By YURI KAGEYAMA | February 14, 2020

Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population.The Nikkei 225 fell 0.6% in morning trading to 23,683.44....

Solid earnings send stock indexes higher on Wall Street

By ALEX VEIGA | February 12, 2020

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs.Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest...

Asian stock markets retreat after surge on China tariff cut

By JOE McDONALD | February 6, 2020

Asian stock markets retreated Friday following a surge after China announced a tariff cut on U.S. imports.Market benchmarks in Shanghai, Hong Kong, Seoul and Sydney all declined. Tokyo was flat. Major Asian markets jumped more than 2% on Thursday after...

Global stocks surge after Trump acquitted, China virus aid

By JOE McDONALD | February 6, 2020

Global stocks rose Thursday after U.S. President Donald Trump was acquitted in an impeachment trial and China cut tariffs on U.S. imports and provided aid to businesses reeling from a virus outbreak.European markets were up modestly, while Tokyo, Hong...

Budget deficit to break $1 trillion despite strong economy

By ANDREW TAYLOR | January 28, 2020

WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy.Tuesday's Congressional Budget Office report follows a burst of new spending...