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FILE - In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Airbnb, which just weeks ago was planning for a bombshell initial public offering, is reportedly shedding millions of dollars and facing harsh blowback from hosts who relied on its platform for income. (AP Photo/Eric Risberg, File)
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April 09, 2020 - 1:08 pm
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. Over the same...
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Sen. Kelly Loeffler, R-Ga., waits to speak during a television interview on Capitol Hill in Washington, Friday, March 20, 2020. (AP Photo/Susan Walsh)
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April 08, 2020 - 5:05 pm
WASHINGTON (AP) — Republican Sen. Kelly Loeffler of Georgia said Wednesday that she will liquidate her stock portfolio and move the money to investment funds after coming under scrutiny for transactions she and her husband made just before the coronavirus sent markets reeling. Loeffler and her...
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FILE - This Wednesday, March 18, 2020, file photo, shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla's sales of its increasingly popular electric cars got off to a fast start in the year, even though the company had to slam the brakes along with other major automakers in March 2020 because of worldwide efforts to contain the worst pandemic in a century. (AP Photo/Paul Sancya, File)
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April 02, 2020 - 7:51 pm
BERKELEY, Calif. (AP) — Tesla's sales of its increasingly popular electric cars got off to fast start this year, even though the company had to slam the brakes along with other major automakers last month because of worldwide efforts to contain the worst pandemic in a century. The Palo Alto,...
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FILE - This Oct. 15, 2019, file photo shows a WeWork logo at the entrance to one of their office spaces in the SoHo neighborhood of New York. Japanese technology company SoftBank Group Corp. ended on Thursday, April 2, 2020, its tender offer of up to $3 billion worth of shares in office-space rental venture WeWork. (AP Photo/Mary Altaffer, File)
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April 02, 2020 - 3:38 am
TOKYO (AP) — Japanese technology company SoftBank Group Corp. called off its offering of up to $3 billion worth of shares in office-space rental venture WeWork, though it remains committed to its $5 billion bailout of the financially troubled company. The main loser in the offer's failure is WeWork...
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Sen. Kelly Loeffler, R-Ga., waits to speak during a television interview on Capitol Hill in Washington, Friday, March 20, 2020. (AP Photo/Susan Walsh)
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April 01, 2020 - 5:47 pm
WASHINGTON (AP) — The husband of Georgia Sen. Kelly Loeffler recently acquired as much as $415,000 in stock in DuPont de Nemours, a chemical company that manufactures protective equipment in exceedingly high demand because of the coronavirus pandemic. The transaction, detailed in a mandatory...
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A sign notifying the availability of pasta in the wake of the coronavirus outbreak, outside Warwick Way Food & Wine in Victoria, London, Thursday March 19, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Yui Mok/PA via AP)
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March 19, 2020 - 6:35 pm
It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday...
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Traders at the New York Stock Exchange work as the market closes, Wednesday, March 18, 2020 in New York. (AP Photo/Mark Lennihan)
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March 18, 2020 - 10:20 pm
NEW YORK (AP) — The Latest on action in the financial markets (all times local): 10:20 p.m. Shares in Asia have fallen, with Japan's benchmark failing to hold onto early gains as investors scrounged for cash amid recession fears. Tokyo's Nikkei 225 fell 0.2% to 16,691.45 while the Kospi in South...
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Hindu devotees watch as priests perform rituals during a prayer ceremony dedicated to holy river Ganges in Varanasi, India, Friday, March 6, 2020. India is bracing for a potential explosion of coronavirus cases as authorities rush to trace, test and quarantine contacts of 31 people confirmed to have the disease. Prime Minister Narendra Modi's government said last week that community transmission is now taking place. India has shut schools, stopped exporting key pharmaceutical ingredients and urged state governments to cancel public festivities for Holi, the Hindu springtime holiday in which people douse each other with colored water and paint. (AP Photo/Rajesh Kumar Singh)
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March 06, 2020 - 6:23 pm
The Dow Jones Industrial Average over the past five days: up 1,293, down 785, up 1,173, down 969, down 256. The Dow sank as many as 894 points Friday before recovering much of its losses. The VIX, an index known as Wall Street's fear barometer, touched levels not seen since the financial crisis...
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An Indian wears a mask and walks on a street in Hyderabad, India, Thursday, March 5, 2020. A new virus first detected in China has infected more than 90,000 people globally and caused over 3,100 deaths. The World Health Organization has named the illness COVID-19, referring to its origin late last year and the coronavirus that causes it. (AP Photo/Mahesh Kumar A.)
1010 WINS Newsroom
March 05, 2020 - 6:10 pm
The economic affects of the coronavirus have preceded the spread of the virus itself, with financial markets swinging wildly, companies closing offices or asking employees work from home in affected areas, and throttling air travel across the globe. Following is a brief look at how things are...
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A sign on a shelf at a QFC grocery store in Kirkland, Wash., advises shoppers Tuesday, March 3, 2020 that all hand sanitizer products are sold out. Fear of the coronavirus has led people to stock up on the germ-killing gel, leaving store shelves empty and online retailers with sky-high prices set by those trying to profit on the rush. The store is located near the Life Care Center of Kirkland, which has been tied to several cases of the COVID-19 coronavirus. (AP Photo/Ted S. Warren)
1010 WINS Newsroom
March 04, 2020 - 11:54 am
NEW YORK (AP) — The hand sanitizers on Amazon were overpriced. A Walmart this weekend was completely sold out. Only on his third try was Ken Smith able to find the clear gel — at a Walgreens, where three bottles of Purell were left. He bought two. “I didn’t want to hoard,” says Smith, a retired...
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