Latest Financial crisis News

FILE - A Department of Corrections officer guards the main entryway leading into San Quentin State Prison in San Quentin, Calif., July 24, 2019. California lawmakers harshly criticized state corrections officials Wednesday, July 1, 2020, for a

The Latest: 2 death row inmates die in California outbreak

Jul. 3, 2020 10:52 PM EDT

SACRAMENTO, Calif. — Authorities in California say two more death row inmates have died from apparent complications of the coronavirus in the midst of an outbreak that has infected 40% of inmates at San Quentin State Prison. The corrections department says Scott Erskine and Manuel Machado Alvarez died...

Green River mining company to lay off workers

Jul. 3, 2020 1:50 PM EDT

GREEN RIVER, Wyo. (AP) — A company that mines and refines soda ash and related products in in Green River plans to lay off an unspecified number of workers in response to the economic downturn caused by the coronavirus pandemic, officials said. The Casper Star-Tribune reported Friday that Genesis Alkali...

Outgoing French Prime Minister Edouard Philippe, left, applauds newly named Prime Minister Jean Castex, after the handover ceremony in Paris, Friday, July 3, 2020. French President Emmanuel Macron on Friday named Jean Castex, who coordinated France's virus reopening strategy, as the country's new prime minister as the country focuses on reviving an economy hard-hit by the pandemic and months of strict lockdown. (Thomas Samson, Pool via AP)

Reopening strategist Castex named new French prime minister

Jul. 3, 2020 1:26 PM EDT

PARIS (AP) — The new French prime minister appointed Friday said he feels ready to face the key challenge of reviving France's economy following the damage caused by the coronavirus pandemic and a two-month nationwide lockdown. The relatively low-profile Jean Castex, who coordinated France’s virus...

FILE - In this March 12, 2020 file photo, Venezuelan President Nicolas Maduro speaks during a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. A British judge on Thursday July 2, 2020, refused to give Venezuela control of over $1 billion in gold sitting in a Bank of England vault, ruling that it is unlawful to give it to the President Nicolas Maduro since Britain does not recognize him as the president. Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. (AP Photo/Matias Delacroix, File)

British judge denies Maduro Venezuela's gold in London bank

Jul. 2, 2020 4:47 PM EDT

LONDON (AP) — A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader as president of the Latin American nation. Maduro has demanded the gold to help his...

FILE - In this March 17, 2020, file photo, Tulsa Health Department director Dr. Bruce Dart takes part in a news conference about local response to the coronavirus pandemic in Tulsa, Okla. The department said Tuesday, April, 7, 2020, that 67 Oklahomans have now died and 1,472 have tested positive for the virus. Dart said he is

Official: Too early to tie Trump rally to Tulsa virus cases

Jul. 2, 2020 3:02 PM EDT

OKLAHOMA CITY (AP) — It's still too early to directly link a June 20 campaign rally by President Donald Trump to an increase in coronavirus cases in Tulsa County, the director of the Tulsa Health Department said Thursday. The county has reported more than 1,300 confirmed cases of the virus in the 11 days...

Anti-government protesters scuffle with Lebanese policemen after they removed a part of a concrete wall that was installed by security forces to prevent them from reaching the government palace in Beirut, Lebanon, Thursday, July 2, 2020. Major retailers in Lebanon announced Thursday they will temporarily close in the face of an increasingly volatile currency market and their inability to set prices while the local currency tumbles before the dollar. (AP Photo/Hassan Ammar)

Lebanese major retailers to shut down amid economic crisis

Jul. 2, 2020 2:35 PM EDT

BEIRUT (AP) — Major retailers in Lebanon announced on Thursday they will temporarily shut down in the face of an increasingly volatile currency market and their inability to set prices while the Lebanese pound plunges against the dollar. Later in the day, owners of the businesses rallied in central Beirut...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 2, 2020. Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street higher on vaccine hopes

Jul. 2, 2020 12:04 AM EDT

Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and Australia all advanced. Investors were encouraged after Pfizer and BioNtech announced preliminary data from a...

Health officials disinfect an area around a hospital after one of the hospital's patients tested positive for the new coronavirus in Gwangju, South Korea, Wednesday, July 1, 2020. South Korea is considering including religious facilities on the same list with nightclubs, hostess bars and karaoke rooms as

The Latest: South Korea worries as virus resurgence spreads

Jul. 1, 2020 10:41 PM EDT

SEOUL, South Korea — South Korea says it has confirmed 54 more COVID-19 cases as the coronavirus continues to spread beyond the capital region and reach cities like Gwangju, which has shut schools and tightened social restrictions after dozens fell sick this week. The figures reported Thursday brought the...

Nevada sets tentative date for special session July 8

Jul. 1, 2020 6:13 PM EDT

CARSON CITY, Nev. (AP) — A special session of the state Legislature has been tentatively scheduled for July 8, Nevada Gov. Steve Sisolak announced Wednesday. State lawmakers will return to address budget issues caused by the coronavirus pandemic and subsequent business closures. The state funds a large...

FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)

Fed minutes show concerns about severity of downturn

Jul. 1, 2020 5:26 PM EDT

WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period. The minutes of the June 9-10...