Avie Schneider

Avie Schneider appears in the following:

Stocks Tumble On Big Banks' Role In Money Laundering Report, Fears Of Relief Delay

Monday, September 21, 2020

The Dow falls more than 500 points as a report says large global banks were involved in transactions flagged as possible money laundering and hopes dim for Congress to pass another relief measure.

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Apple Is Worth $2 Trillion — 1st American Company To Hit Milestone

Wednesday, August 19, 2020

Apple first crossed the $1 trillion mark just two years ago. The iPhone maker and a handful of other tech giants propelled the S&P 500 index to a new record this week.

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The Big Comeback: S&P 500 Closes At Record High 6 Months After Coronavirus Plunge

Tuesday, August 18, 2020

After plummeting 34% from its prior peak, the stock index has staged a steady recovery — gaining more than 50% since March, when lockdowns shut down much of the economy.

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Jeff Bezos To Washington: 'My Dad's Name Is Miguel. He Adopted Me When I Was 4'

Tuesday, July 28, 2020

The CEOs of Amazon, Apple, Facebook and Google are set to testify about whether their companies have too much power. Jeff Bezos begins his prepared remarks with a personal story.

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Job Picture Worsens: Millions More File For Unemployment, In Reversal

Thursday, July 23, 2020

New claims for unemployment benefits rise to 1.4 million, a sign that the labor market is deteriorating as businesses close their doors again after the pandemic intensifies.

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'We Still Face Much Uncertainty': Pandemic Hammers Big Banks

Tuesday, July 14, 2020

The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.

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1.5 Million File For Unemployment, But Continuing Claims Decrease Slightly

Thursday, June 18, 2020

Another 1.5 million people file for unemployment benefits for the first time, but the number who are continuing to seek the payments continues to decline as workers return to their jobs.

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Justice Department Proposes Rolling Back Legal Protections For Online Platforms

Wednesday, June 17, 2020

The Justice Department's proposed legislation follows a May executive order by President Trump to limit protections for social media after Twitter began adding fact checks to some of his tweets.

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Stocks Soar After Strong Retail Sales And Reported Trump Infrastructure Plan

Tuesday, June 16, 2020

The Dow Jones Industrial Average gains 526 points after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy.

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Stocks Rebound As Fed Begins Buying Corporate Bonds

Monday, June 15, 2020

U.S. stock indexes fell earlier on Monday, but they turn higher after the Federal Reserve announces it will start buying corporate debt.

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Dow Gains 477 Points After Dramatic Plunge Spurred By A Spike In Coronavirus Cases

Friday, June 12, 2020

Major stock indexes bounce back a day after the Dow lost 1,861 points amid spikes in new cases in states that had reopened their economies.

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Another 1.5 Million File For Unemployment As States Continue To Reopen Economies

Thursday, June 11, 2020

The pain in the job market continues as an additional 1.5 million sought unemployment benefits last week. In the past 12 weeks, more than 44 million new claims have been filed.

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Amazon Is Offering To Keep 125,000 Workers It Hired For The Pandemic

Thursday, May 28, 2020

Amazon has hired 175,000 temporary workers to deal with a spike in online shopping during the coronavirus pandemic. Now it's offering most of them permanent jobs.

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40.8 Million Out Of Work In The Past 10 Weeks — 26% Of Labor Force

Thursday, May 28, 2020

More than 1 in 4 U.S. workers have lost their jobs since coronavirus shutdowns began. Last week, an additional 2.1 million people filed for unemployment benefits.

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Trump Threatens To Shut Down Social Media After Twitter Adds Warning To His Tweets

Wednesday, May 27, 2020

President Trump's vow to "strongly regulate" such platforms comes a day after Twitter added a fact-check label to a pair of his tweets and renews his argument that those sites silence conservatives.

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36.5 Million Have Filed For Unemployment In 8 Weeks

Thursday, May 14, 2020

Nearly 3 million people filed for unemployment benefits last week, the Labor Department says. It's the latest grim sign of the economic damage from the coronavirus crisis.

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20.2 Million Private-Sector Jobs Are Gone

Wednesday, May 06, 2020

The record job losses are a preview of the Labor Department's employment report for April coming Friday. ADP's new numbers are not surprising, given the more than 30 million jobless claims filed.

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'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come

Wednesday, April 29, 2020

The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.

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Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

Thursday, April 23, 2020

The number of people forced out of work during the coronavirus lockdown keeps soaring. Last week, 4.4 million people filed for jobless benefits, boosting the total since last month to 26 million.

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Record Oil Price Drops Send Stock Markets Diving, Too

Tuesday, April 21, 2020

The Dow fell 631 points a day after oil prices turned negative for the first time ever. The drops are the latest market reactions to the global economic downturn caused by the pandemic.

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