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Northern Star

Northern Illinois University’s student media 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

Asian shares mostly rise despite continuing virus fears

By YURI KAGEYAMA | February 18, 2020

TOKYO (AP) — Asian shares mostly rose Wednesday, despite overnight losses on Wall Street and continuing fears about an outbreak of a new virus that began in China.The Nikkei 225 rose 1.1% in morning trading to 23,453.59 after data for January showed...

HSBC cuts headcount by 35,000 in deep overhaul

By DANICA KIRKA and ELAINE KURTENBACH | February 18, 2020

LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to the trade wars to the new coronavirus.The...

Airbus CEO sees no short-term benefit from Boeing MAX woes

By DAVID McHUGH | February 13, 2020

FRANKFURT, Germany (AP) — Airbus' chief executive said Thursday that his company sees no short-term benefit from Boeing's troubles with its grounded 737 MAX because the competing A320 is sold out years ahead.CEO Guillaume Faury said that safety was...

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 shares rise despite worries about virus outbreak

By YURI KAGEYAMA | February 11, 2020

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments.Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00....

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...

Twitter shares jump on rise in user numbers, revenue

By The Associated Press | February 6, 2020

Shares in Twitter jumped Thursday after the social media company said revenue and user numbers exceeded forecasts in the latest quarter, though profit fell as expenses rose.The San Francisco-based tech company said that fourth-quarter net income fell...

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...

Siemens earnings dip on weakness in autos, energy industries

February 5, 2020

BERLIN (AP) — Orders and earnings at industrial conglomerate Siemens were lower than a year earlier in the October-December period, the company said Wednesday, weighed down by weaker performances in the auto and energy sectors.Siemens said orders for...

Asian shares up on China efforts despite virus worries

By YURI KAGEYAMA | February 4, 2020

TOKYO (AP) — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak.Japan's benchmark Nikkei 225 gained 1.1% to 23,330.11 in morning trading. Australia's S&P/ASX...

Stocks sink on fears virus outbreak will dent global economy

By ALEX VEIGA | January 31, 2020

Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth.The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for...

Asia shares mixed as WHO says China virus a global emergency

By ELAINE KURTENBACH | January 30, 2020

Shares were mixed in Asia after the World Health Organization declared the outbreak of a new virus that has spread from China to more than a dozen countries a global emergency.Markets in mainland China remained closed as the U.S. warned against all travel...