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Stocks rise on Wall Street as S&P 500 hits record high
NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy. The benchmark index rose 8.70 points, or 0.2%, led by gains in technology companies, and closed at an all-time high of 3,638.35....
Asian stocks fall amid unease about vaccine development
BEIJING (AP) — Asian stock markets declined Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism. Benchmarks in Tokyo, Hong Kong, Seoul and Sydney retreated while Shanghai gained. Investors have been encouraged by reports of progress toward a...
The Latest: Tennessee won't mandate vaccines in its schools
NASHVILLE, Tenn. — Tennessee’s governor says that once coronavirus vaccines become available, they will be optional in the state’s K-12 public schools. Gov. Bill Lee said Tuesday that vaccines will be very important for Tennessee to “ultimately really be able to handle” the...
Asia Today: China reports 2 virus cases after mass testing
BEIJING (AP) — China on Tuesday reported two new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. The National Health Commission said there were two new locally spread cases in the previous 24-hour period, one in each city. It also...
The Latest: China reports results of mass testing
BEIJING — China has reported new coronavirus cases in the cities of Shanghai and Tianjin as it seeks to prevent small outbreaks from becoming larger ones. The National Health Commission said Tuesday that there were two new locally spread cases in the previous 24-hour period, one in each city. It also...
Asian shares mostly rise on virus vaccine, Yellen hopes
TOKYO (AP) — Asian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden. The U.S. federal government recognized Biden as the “apparent winner” of the Nov. 3...
Alibaba CEO says regulations for internet firms 'necessary'
HONG KONG (AP) — The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing’s...
China tests millions after coronavirus flareups in 3 cities
BEIJING (AP) — Chinese authorities are testing millions of people, imposing lockdowns and shutting down schools after multiple locally transmitted coronavirus cases were discovered in three cities across the country last week. As temperatures drop, widescale measures are being enacted in Tianjin, Shanghai...
Asia Today: South Korea capital announces new virus controls
SEOUL, South Korea (AP) — Authorities in the South Korean capital on Monday announced a tightening of social distancing regulations, including shutting nightclubs, limiting service hours at restaurants and reducing public transportation. The measures going into effect on Tuesday also include a ban on...
Asian stocks rise ahead of US economic data amid virus fears
BEIJING (AP) — Asian stocks rose Monday as investors looked ahead to quarterly U.S. economic data amid unease about anti-coronavirus curbs on business and wrangling over the American presidential election. Market benchmarks in Shanghai, Seoul and Sydney rose while Hong Kong retreated. Japanese markets were...
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