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S&P closes lower as new COVID-19 cases surge

The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery.
S&P closes lower as new COVID-19 cases surgeS&P closes lower as new COVID-19 cases surgeS&P closes lower as new COVID-19 cases surge
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U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

The U.S. Transportation Department said on Wednesday it fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point, and ordered the airline to avoid future similar violations.
U.S. fines Copa Airlines $450K for transporting passengers between U.S., VenezuelaU.S. fines Copa Airlines $450K for transporting passengers between U.S., VenezuelaU.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela
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FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.
FAA chief acknowledges agency, Boeing made mistakes on 737 MAXFAA chief acknowledges agency, Boeing made mistakes on 737 MAXFAA chief acknowledges agency, Boeing made mistakes on 737 MAX
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Trump administration proposes rolling back protections for big tech

The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.
Trump administration proposes rolling back protections for big techTrump administration proposes rolling back protections for big techTrump administration proposes rolling back protections for big tech
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Unemployment payments backlog draws hundreds to Kentucky's capital

Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky's Capitol in Frankfort early Wednesday to seek in-person help.
Unemployment payments backlog draws hundreds to Kentucky's capitalUnemployment payments backlog draws hundreds to Kentucky's capitalUnemployment payments backlog draws hundreds to Kentucky's capital
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