Finance

A gauge of Chinese manufacturing plunged in February by an even wider margin than expected after efforts to contain a virus outbreak shut down much of the world’s second-largest economy By JOE McDONALD AP Business Writer February 29, 2020, 4:33 AM 4 min read BEIJING — China’s manufacturing plunged in February by an even wider […]

Investors, fearing that the spread of the coronavirus is tipping the global economy into a recession, handed the stock market its largest weekly loss since the 2008 financial crisis on Friday amid worries that one of the longest economic expansions in history may be coming to an end. With the virus now detected in at

Wall Street closed out the worst week for stocks since October 2008 Friday with more heavy selling, though a last-minute flurry of buying kept the market from another steep plunge February 28, 2020, 9:51 PM 2 min read Wall Street closed out the worst week for stocks since October 2008 Friday with more heavy selling,

As the coronavirus outbreak spreads, the world’s biggest companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, empty stores and flagging demand for their wares. The announcements by businesses like Mastercard, Microsoft, Apple and United Airlines offer a reading on how the virus is affecting consumer behavior and business sentiment. These

NEW YORK — The coronavirus outbreak began to look more like a worldwide economic crisis Friday as anxiety about the infection emptied shops and amusement parks, canceled events, cut trade and travel and dragged already slumping financial markets even lower. More employers told their workers to stay home, and officials locked down neighborhoods and closed

Harley-Davidson’s CEO is leaving the struggling motorcycle maker February 28, 2020, 10:12 PM 1 min read MILWAUKEE — Harley-Davidson CEO Matthew Levatich is leaving the struggling motorcycle maker. The Milwaukee company announced Friday that he’ll leave his post and seat on the Harley’s board of directors. Board member Jochen Zeitz will become acting president and

PORTLAND, Ore. — A long-awaited federal report out Friday rejected the idea of removing four hydroelectric dams on a major Pacific Northwest river in a last-ditch effort to save more than a dozen species of threatened or endangered salmon, saying such a dramatic approach would destabilize the power grid, increase overall greenhouse emissions and more

US markets are heading for their worst week since the financial crisis with the final tally of economic damage from a spreading virus still unknown February 28, 2020, 6:24 PM 3 min read U.S. markets are heading for their worst week since the financial crisis with the final tally of economic damage from a spreading

Stocks fell sharply on Wall Street, shaving another 3.8% off major U.S. indexes, putting the market on track for its worst week since October 2008 By DAMIAN J. TROISE AP Business Writer February 28, 2020, 3:15 PM 3 min read NEW YORK — U.S. stocks fell sharply in early trading Friday and were on track

Colleges are increasingly assigning digital books and study tools instead of paper textbooks. But one electronic option in particular has come under criticism from some student advocates. That model is called inclusive access, in which colleges have contracts with education publishers to provide required digital texts and study tools at a discount. Then, colleges automatically