Business Management
Dow closes up 800 points after oil rallies, Sanders drops out
Stocks surged on Wednesday after Sen. Bernie Sanders announced he is suspending his presidential campaign, leaving Wall Street-friendly former Vice President Joe Biden as the apparent nominee.
The Dow Jones Industrial Average closed up by around 770 points, while the S&P 500 was up by 3.3 percent and the tech-heavy Nasdaq gained around 2.5 percent.
All three major averages hit session highs earlier in the day after Sen. Sanders made his announcement, with the Dow breaching the 23,000 mark for the first time since March 13.
Investor confidence was also boosted by a rally in the oil market, following a
Virtual open houses and drive-thru closings
Spring is normally peak season for the housing market, but social distancing regulations and measures to classify real estate as a nonessential business have ground the industry almost to a halt.That has pushed some real estate agents to get creative, ushering in a...
‘Pharma Bro’ Shkreli wants out of prison to research coronavirus
Convicted former drug company CEO Martin Shkreli, known as “Pharma Bro,” wants to get out of prison so he can help research a treatment for the coronavirus, his lawyer said Tuesday.Defense attorney Ben Brafman said that he will file court papers asking federal...