Bank shares tumble on reports of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks have continued to profit from illicit dealings with disreputable people and criminal networks.
Wall Street working from home may stay that way
The big U.S. banks have a message for many of their New York City workers: Don’t hold your breath about coming back to the office.
Historic White Horse Tavern has liquor license suspended
The state liquor authority has suspended a landmark Manhattan bar's liquor licence for repeated social distancing violations.
Financial District rooftop bar turns to the Greenhouse Effect to attract customers
Ampia Restaurant and Rooftop in the Financial District has introduced new two-person greenhouses to allow patrons to enjoy drinks and food while maintaining social distancing.
Financial district restaurant tries out greenhouses to attract customers
Ampia Restaurant and Rooftop on Broad Street in the Financial District is offering mini two-person greenhouses to customers to allow them to enjoy food and drinks while maintaining social distancing.
9/11 Memorial to reopen July 4; museum still closed
More than three months after it was closed due to coronavirus, the Sept. 11 memorial plaza will reopen to the public on July 4.
Fed Chairman Jerome Powell warns that long downturn would mean severe damage
“The longer the downturn lasts, the greater the potential for longer-term damage from permanent job loss and business closures,” Powell said. “Long periods of unemployment can erode workers’ skills and hurt their job prospects.”
Fear turns to greed on Wall Street as Fed details bond buys
The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower
Wall Street's rally zooms higher after surprise gain in jobs
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
Stocks fight for gains after Trump vows to quell rioting
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
Coronavirus could cause multitrillion-dollar decline in US economic output, new report shows
CBO expects a 'significant markdown' in GDP over the coming decade.
Chaos and destruction: More violence in New York City over George Floyd death
Burning police vehicles, police buildings threatened, and chemicals fired at crowds, like protests in cities across America, New York City saw a violent reaction to the death of a black man at the hands of a white police officer.
Stocks jump for month as oil posts record gain
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
Stocks retreat as Trump preps social media and China crackdowns
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Stocks soar on reopening optimism
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
Trading floor reopens at NYSE; Cuomo rings opening bell
The trading floor of the New York Stock exchange reopened Tuesday for the first time in two months and the state legislature was set to reconvene as the state relaxed more restrictions aimed at curbing the spread of the coronavirus.
Stocks flounder on recovery concerns after coronavirus jobless claims near 39M
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
Stocks rally as more states reopen economies
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.
Stocks reverse course as investors take profits
U.S. equity markets closed lower across the board giving up earlier gains as investors took profits and reassessed the progress of a potential coronavirus treatment.