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Articles written by Damian J. Troise

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Dow jumps over 500 points amid hopes of Fed rate cut

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution...

 

Stocks slump after US expands trade war to Mexico

NEW YORK (AP) — U.S. stocks tumbled on Wall Street Friday after the U.S. announced plans to expand its trade war to Mexico. The slump all but guarantees that May will be the first monthly loss for the market in 2019. The new front in the trade war...

 

Run, bull, run. Longest bull market looks to keep going

Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market's benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during...

 

Stocks jump after Fed indicates patience on rate increases

Stocks powered higher Wednesday after the Federal Reserve signaled it could hold off on interest rate increases in the coming months, citing muted inflation. The Fed's announcement allays one of the biggest concerns for investors: That the economy, a...

 

Inflation, gas prices, tariffs squeeze consumers

The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and...

 

Newspapers endure more cuts, hope for brighter future online

U.S. newspapers are battered and broken, and this week's layoffs at the New York Daily News serve as the latest blow. But while local newsgathering has taken a hit, some observers think it's poised for a digital comeback. Media company Tronc Inc....

 

NY Daily News slashes newsroom staffing in half

NEW YORK (AP) — The New York tabloid Daily News cut half of its newsroom staff Monday including Jim Rich, the paper's editor in chief. The paper was sold to Tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities...

 

Defying the NRA, Dick's takes a harder line against guns

NEW YORK (AP) — Dick's Sporting Goods will immediately stop selling assault-style rifles and ban the sale of all guns to anyone under 21, the company said Wednesday, as its CEO took on the National Rifle Association by calling for tougher gun laws...

 

Companies face mounting pressure to pick sides in gun debate

NEW YORK (AP) — As the gun debate heats up following the massacre at a Florida high school, companies are under growing pressure to pick a side: whether to stand by the National Rifle Association or walk away. Metlife, Delta and more than a dozen...

 

Wynn Resorts shaken by misconduct claims against founder

NEW YORK (AP) — Wynn Resorts is denying multiple allegations of sexual harassment and assault by founder Steve Wynn detailed in a Wall Street Journal report that sent shares of the casino company tumbling more than 10 percent Friday. The paper repo...

 

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