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  • Yelm Resident Is Boatswain On USS Zumwalt

    FosterA 1997 Yelm High School graduate and Yelm, Wash. native is serving aboard one of the U.S. Navy’s newest and most advanced ships, the destroyer Zumwalt (DDG 1000), which is currently under construction at Bath Iron Works in Bath, Maine. Chief… Read More +

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  • 1 Killed In Collision With Patrol Car Near Ephrata

    DEPUTY-TRUCKThe Washington State Patrol is investigating a vehicle collision that killed a 22-year-old woman and injured a Grant County sheriff's deputy. The crash involving the two drivers happened Saturday morning about 8 miles south of Ephrata, Washington. The patrol says 22-year-old… Read More +

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  • Seahawks Hold Off Broncos 26-20 In Overtime

    hawsktextgradMarshawn Lynch scored on a 6-yard TD run on the first possession of overtime and the Seattle Seahawks beat the Denver Broncos 26-20 on Sunday in a Super Bowl rematch that lived up to expectations. Seattle (2-1) blew a 17-3 fourth-quarter lead, watching Denver tie the game at 20 on Peyton Manning's 26-yard touchdown pass to Jacob Tamme with 18 seconds left in regulation and his 2-point conversion pass to Demaryius Thomas.

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Fed Sparks Broad Losses on Wall Street

b_250_0_16777215_00_images_obgrabber_2014-01_a9a1cad704.jpgiStock/Thinkstock (NEW YORK) -- When the head of the Federal Reserve speaks, the markets listen. Stocks tanked on what they heard from the Central Bank this time. The Dow Jones Industrial Average closed down 190 points Monday, after trading down by more than 200 points. The blue chips index finished the session at 15,738.79. The Nasdaq Composite gave up 47 points to close at 4,051.43. The S&P 500 lost 18 points for the session, ending at 1,774.20.

The Central Bank has decided to continue to taper its economic stimulus programs by an additional $10 billion dollars as the economy continues to improve.  The bond-buying had helped push stocks to record levels last year.

It was Ben Bernanke's last official act as Fed chairman.  Janet Yellen will take over as chairwoman on Saturday.

Shares of Facebook are up close to 7 percent in after-hours trading after reporting better-than-expected earnings.
 
In 2013, the social network earned $7.87 billion, an increase of 55 percent year-over-year. Net income for the year was $1.50 billion. The company reported that for December 2013, an average of 757 million daily active users (DAUs) logged on to Facebook, an increase of 22 percent year-over-year. Mobile DAUs were 556 million on average for December 2013, an increase of 49 percent year-over-year. Mobile MAUs were 945 million as of December 31, 2013, an increase of 39 percent year-over-year.

Copyright 2014 ABC News Radio

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Tweets

wsdot_tacoma
wsdot_tacoma - Cleared: Collision on SR 7 both dirs. near 260th St E at mp 42

4 hours ago

OlySportsBlog
OlySportsBlog - OlySports.com Local Sports Report for September 22nd wp.me/p28W3B-2UY

5 hours ago

Seahawks
Seahawks - Thanks summer. #WhatsNext?

5 hours ago

wspd1pio
wspd1pio - We're investigating a 2 vehicle collision on SR-7 at 260th. Injuries appear to be non-life-threatening, 1 driver in custody for DUI.

6 hours ago

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