Dow soars as central bank action boosts markets
The Dow jumps about 5 percent led by tech as investors bet on Fed and global central banks cutting rates to shield the economy from the coronavirus outbreak. The S&P 500 rises 4.6 percent while bonds fall and yields climb. IMF and World Bank vow rapid support. OECD warns of global growth at risk.
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China
Federal Reserve
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CFRA
Bill Nelson
Bank Policy Institute
Fed
International Monetary Fund
World Bank
IMF
Kristalina Georgieva
David Malpass
Bank of Japan
Organization For Economic Development
OECD
Goldman Sachs
U.S
Verdict set as jurors weigh Vault 7 leak case
Roundup criticizes agency pressure over leak probe as four week trial raises questions about security gaps at Langley. Jurors to deliberate on Schulte 31 accused of illegal gathering of national defense information unauthorized computer access theft of government property and false statements amid questions about WikiLeaks timing and CIA network weaknesses.
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Schulte
National Defense
CIA
Langley
Virginia
Apple
Android
New York
Manhattan
Joshua Schulte
WikiLeaks
U.S
Matthew Laroche
Sabrina Shroff
Apple to pay up to 500 million over iPhone slowdowns
Apple agrees to settle claims that it slowed older iPhones to preserve battery life. The deal could pay up to 500 million dollars with about 93 million to lawyers and up to 3 500 dollars per eligible iPhone user. The settlement awaits federal judge approval in San Jose California and requires claim filing to receive any award. The case stems from Apple's 2017 admission and previously offered 29 dollar battery replacements.
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Apple
iPhone
San Jose
California
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