Economy

FILE- In this Oct. 24, 2017, file photo, the logo for 3M appears on a screen above the trading floor of the New York Stock Exchange. A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that, in addition to Post-it notes, makes industrial coatings and ceramics. (AP Photo/Richard Drew, File)
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January 28, 2020 - 4:38 pm
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota company that makes Post-it notes as well as industrial coatings and ceramics. The 1,500 job cuts come on top of the 2,000 jobs the company trimmed...
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FILE - In this Nov. 23, 2015, file photo, the Pfizer logo is displayed at world headquarters in New York. Pfizer is reporting a $306 million loss for the fourth quarter after it shifted its consumer health business into a joint venture last year. It narrowly Wall Street expectations for net income when nonrecurring events are removed. The biggest US drugmaker on Tuesday, Jan. 28, 2020 reported a net loss of 6 cents per share. (AP Photo/Mark Lennihan, File)
1010 WINS Newsroom
January 28, 2020 - 4:31 pm
Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and a miss of Wall Street's profit expectations. The results and Pfizer's 2020 financial forecasts didn't please investors, who drove Pfizer shares down more than 4%, an...
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Trader Michael Milano works on the floor of the New York Stock Exchange, Tuesday, Jan. 28, 2020. Stocks are opening broadly higher on Wall Street a day after the S&P 500 had its biggest drop since early October. Technology companies were putting up some of the biggest gains early Tuesday. (AP Photo/Richard Drew)
1010 WINS Newsroom
January 28, 2020 - 4:09 pm
Stocks are closing broadly higher on Wall Street, reversing most of their losses from a sell-off the day before. The gains on Tuesday snapped a two-day skid driven by fears that the spread of a new virus in China could hamper global ecomomic growth. Technology stocks rose the most. Banks and other...
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The Capitol is seen as defense arguments by the Republicans resume in the impeachment trial of President Donald Trump on charges of abuse of power and obstruction of Congress, in Washington, Monday, Jan. 27, 2020. (AP Photo/J. Scott Applewhite)
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January 28, 2020 - 2:34 pm
WASHINGTON (AP) — An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several...
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A worker wearing a face mask sprays disinfectant along a path in Wuhan in central China's Hubei Province, Tuesday, Jan. 28, 2020. China's death toll from a new viral disease that is causing global concern rose by 25 to at least 106 on Tuesday as the United States and other governments prepared to fly their citizens out of the locked-down city at center of the outbreak. (AP Photo/Arek Rataj)
1010 WINS Newsroom
January 28, 2020 - 2:08 pm
This should be peak season for a 12-room hotel near the train station in the Chinese industrial hub of Wuhan. The Chinese New Year usually brings in plenty of travelers and delivers profits of around $3,000 a month. But the place is empty. Wuhan, the center of a deadly viral outbreak, is on...
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FILE - This Jan. 9, 2020, file photo shows a sold sign is posted on a real estate sign outside a home in Derry, N.H. On Tuesday, Jan. 28, 2020, the Standard & Poor's/Case-Shiller 20-city home price index for November is released. (AP Photo/Charles Krupa, File)
1010 WINS Newsroom
January 28, 2020 - 10:38 am
WASHINGTON (AP) — U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.6% in November from a...
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In this Monday, Jan. 27, 2020 photo a passer-by walks near stoves, front, at a Home Depot store location, in Boston. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Steven Senne)
1010 WINS Newsroom
January 28, 2020 - 10:35 am
WASHINGTON (AP) — U.S. consumer confidence showed a strong gain in January, bolstered by continued strength in the job market. The Conference Board said Tuesday that its consumer confidence index rose to a reading of 131.6 this month, up from 128.2 in December. Lynn Franco, senior director of...
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January 28, 2020 - 9:50 am
JOHANNESBURG (AP) — A South African billionaire businessman has apologized for telling U.S. President Donald Trump that "Africa loves you" during the World Economic Forum in Davos last week. A video of Patrice Motsepe's remarks to Trump went viral on social media and sparked outrage from people who...
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Britain's Prime Minister Boris Johnson, center, visits the Department of Mathematics at King's Maths School, part of King's College London University, in London, Monday Jan. 27, 2020. (Daniel Leal-Olivas/Pool via AP)
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January 28, 2020 - 8:31 am
LONDON (AP) — A panel of immigration experts says Britain should lower the salary threshold for immigrants after Brexit and urged the government to quickly set up new migration rules once the U.K. leaves the European Union. The Conservative government asked the Migration Advisory Committee to come...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Jan. 28, 2020. Asian shares continued to fall Tuesday, dragged down by worries about an outbreak of a new virus in China that threatens global economic growth. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
January 28, 2020 - 5:16 am
TOKYO (AP) — European shares and U.S. futures were higher after another day of losses in Asia on Tuesday as worries deepened over the expanding outbreak of a new virus in China. France's CAC 40 rose 0.5% to 5,894.94 , while Germany's DAX rose 0.4% to 13,258.01. Britain's FTSE 100 was up 0.4% at 7,...
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