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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

US stocks post small gains, major indexes up for the week

By ALEX VEIGA | February 14, 2020

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain.The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week....

Negative interest rates turn saving, borrowing upside down

By DAVID McHUGH and CHRISTOPHER RUGABER | February 14, 2020

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.Welcome to the upside-down world of ultra-low and negative interest rates...

2020 Democrats step up attacks to blunt Bloomberg’s rise

By WILL WEISSERT and ALAN FRAM | February 14, 2020

WASHINGTON (AP) — Democratic presidential candidates hoping to revive their flagging campaigns increasingly took aim at Mike Bloomberg, blasting their billionaire rival for trying to buy his way into the White House and raising questions about his commitment...

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....

South Africa seeks more renewable energy amid power cuts

By MOGOMOTSI MAGOME | February 13, 2020

JOHANNESBURG (AP) — South Africa’s president said Thursday the coal-dependent country will turn to more renewable energy as one way to help ease power cuts that have “severely set back” efforts to rebuild the weak economy. But he warned of more...

Bloomberg once blamed end of ‘redlining’ for 2008 collapse

By BRIAN SLODYSKO | February 13, 2020

WASHINGTON (AP) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown.“It all started back...

Global shares fall as virus cases spike in China

February 13, 2020

LONDON (AP) — Global shares mostly fell Thursday after China reported a spike in COVID-19 cases. The shock resignation of Britain's Treasury chief further knocked U.K. share prices.China reported 254 new deaths and an increase in virus cases of 15,152,...

Argentina and IMF discuss debt in shadow of 2001 crisis

By DÉBORA REY and CHRISTOPHER TORCHIA | February 12, 2020

BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund.This is a big week for...

Sanders in talks with DNC to headline big-dollar fundraiser

By BRIAN SLODYSKO and STEVE PEOPLES | February 12, 2020

WASHINGTON (AP) — Bernie Sanders is in talks with the Democratic National Committee to headline the first of two party fundraisers, where he will likely appear before the same big-dollar donors that he has repeatedly railed against on the campaign trail.A...

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....

More US firms are boosting faith-based support for employees

By DAVID CRARY | February 11, 2020

NEW YORK (AP) —It has become standard practice for U.S. corporations to assure employees of support regardless of their race, gender or sexual orientation. There’s now an intensifying push to ensure that companies are similarly supportive and inclusive...