What we’re reading: Stocks recovering after drop due to coronavirus panic

first_imgReddIt Alexandra Langhttps://www.tcu360.com/author/alexandra-lang/ Linkedin Alexandra Lang is a Journalism and Political Science double major from San Antonio, Texas. She has worked for TCU360 since her freshman year, and she is currently the Executive Editor of The Skiff. The Skiff Graduation Issue: April 22, 2021 Alexandra Langhttps://www.tcu360.com/author/alexandra-lang/ Alexandra Lang + posts Alexandra Langhttps://www.tcu360.com/author/alexandra-lang/ The Skiff: April 8, 2021 ReddIt Specialists Mario Picone, Dilip Patel and Glenn Carrel, left to right, work on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market’s biggest drop in two years, as traders worry that the spreading coronavirus will threaten global economic growth. (AP Photo/Richard Drew) Abortion access threatened as restrictive bills make their way through Texas Legislature Previous articleHoroscope: February 27, 2020Next articleBaseball welcomes struggling California team this weekend Alexandra Lang RELATED ARTICLESMORE FROM AUTHOR Facebook printStocks recovering after sharp fall due to coronavirus panic.Wall Street is recovering Thursday after a steep drop in stocks from investors’ fears of the coronavirus spreading in the U.S., according to NBC News. The Dow Jones Industrial Average was at a low of 350 points after falling to 960 points earlier this week. S&P 500 and Nasdaq dropped 3 percent at their peak.Those indices reached correction territory; a correction occurs when stocks decline by at least 10 percent from the most recent peak. Specialists Mario Picone, Dilip Patel and Glenn Carrel, left to right, work on the floor of the New York Stock Exchange, Tuesday, Feb. 25, 2020. U.S. stocks fell in midday trading Tuesday, a day after the market’s biggest drop in two years, as traders worry that the spreading coronavirus will threaten global economic growth. (AP Photo/Richard Drew)President Trump said in a press conference Wednesday that his administration would be “ready to adapt” in the event that the coronavirus spreads. Obama’s former lawyer accuses pro-Trump super PAC of running misleading adA lawyer for former President Obama said that an anti-Biden ad misused a quote from the president’s memoir to mislead voters, according to CBS News.The ad, released by a super PAC called the Committee to Defend the President, incorporates material from the audiobook of Obama’s memoir, “Dreams of My Father.”The lawyer, Patchen Haggerty, argued in a letter to the committee that the use of the quote in the ad was “clearly intended to mislead the target audience into believing that the passage from the audiobook is a statement that was made by President Obama during his presidency when it was, in fact, a statement made by a barber in a completely different context more than 20 years ago.”Democratic presidential candidate former Vice President Joe Biden speaks during a campaign event, Wednesday, Feb. 26, 2020, in Charleston, S.C. (AP Photo/Matt Rourke)Haggerty called for the organization to remove the ad from digital platforms and not release it on any other platform.Former altimore mayor sentenced to 3 years of prisonThe former mayor of Baltimore was sentenced to three years in prison after pleading guilty to federal fraud, tax and conspiracy, according to NPR News; the charges involved the sales of her children’s books, Healthy Holly. Prosecutors argued for a five-year sentence for Catherine Pugh, but her lawyers pushed for a one-year sentence because she plead guilty and this is her first offense. In May 2019, Pugh resigned as mayor as public scrutiny rose over rumors of “self-dealing” in the sales of the books. Prosecutors accused her of profiting $80,000 from sales of the book by reselling copies that were already purchased without ever delivering the books to the nonprofit organizations that had ordered them. She also used the money to supplement her political campaign, as well as purchase and renovate a home in Baltimore. The Healthy Holly books are about an African American girl who championed a healthy lifestyle through nutrition and exercise. Former Baltimore mayor Catherine Pugh speaks to reporters after her sentencing hearing at U.S. District Court in Baltimore on Thursday, Feb. 27, 2020. Pugh was sentenced to three years in federal prison for arranging fraudulent sales of her self-published children’s books to nonprofits and foundations to promote her political career. (AP Photo/Steve Ruark)Lori Loughlin, husband among 6 parents to stand trial for admissions scandal.Lori Loughlin and her husband Mossimo Giannulli’s trial will begin Oct. 5 along with six other parents as part of the college admissions scam, according to CNN.Loughlin and Giannulli have pleaded not guilty to three counts of conspiracy: conspiracy to commit mail and wire fraud and honest services mail and wire fraud, conspiracy to commit federal programs bribery and conspiracy to commit money laundering. The six other parents who will stand trial are Gamal Abdelaziz, Diane Blake, Todd Blake, John Wilson, Homayoun Zadeh and Robert Zangrillo, said a spokesperson for the US Attorney’s Office in Massachusetts.FILE – In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston. Lawyers for Loughlin and Giannulli said Wednesday, Feb. 26, 2020 that new evidence shows the couple is innocent of charges that they bribed their daughters’ way into the University of Southern California. (AP Photo/Steven Senne, File)Jury selection will begin on Sept. 28.  The Skiff: April 1, 2021 Twitter Linkedin Twitter What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit The Skiff: April 15, 2021 Alexandra Langhttps://www.tcu360.com/author/alexandra-lang/ Facebook What we’re reading: Former Vice President dies at 93, Chad President killed on frontlineslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *