Business

Friday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Foxconn

Apple iPhone assembler Foxxconn Technology has resumed production at its mainland China factories.

Production has “exceeded expectations” since it resumed after coronavirus outbreak prompted an extended halt of work at Foxxconn, the world’s largest electronics manufacturer.

Russia, coronavirus

A popular Johns Hopkins University website used to track the spread of the coronavirus that causes COVID-19 could be used by cybercriminals to spread malware, according to noted cybersecurity blogger Brian Krebs.

Russian language cyberhackers had accessed the site and installed malware.

Checkpoint software warned that coronavirus-themed domains are 50% more likely to be malicious.

Federal Reserve

The FED announced a bold new initiative in an effort to calm market tumult amid the coronavirus meltdown.

In all, the new moves pump in up to $1.5 trillion into the financial system in an effort to combat potential freezes brought on by the coronavirus.

Stocks

The Dow Jones Industrial Average fell by almost 10% on Thursday as fears of the coronavirus escalated – it’s the biggest decline since the stock market crash of 1987.

The Dow lost 2,352 points at the close of the, down 9.98%, to 21,200.

That’s the Dow’s worst day since the “Black Monday” crash 33 years ago that saw the Dow plummet 22%.

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