Latest Government securities News

Pennsylvania accuses financial firms of bond price-fixing

May. 24, 2019 3:42 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years. A federal court filing by Pennsylvania Treasurer Joe Torsella cites what his office...

Congressional leaders make progress on debt, spending talks

May. 21, 2019 9:06 PM EDT

WASHINGTON (AP) — Top leaders of both parties in Congress made progress Tuesday on two must-do items on the legislative agenda: averting automatic budget cuts and meeting a deadline later this year to increase the government's borrowing limit. But after a flurry of optimism at midday, a deal proved elusive...

Markets Right Now: Stocks end holiday-shortened week higher

Apr. 18, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. indexes managed small gains on Wall Street but not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial companies rose Thursday as traders welcomed solid earnings...

US judge orders quicker bond hearings for asylum seekers

Apr. 5, 2019 6:44 PM EDT

SEATTLE (AP) — A federal judge on Friday ordered the U.S. government to give quicker bond hearings to immigrants caught on the border who pass initial asylum screenings. U.S. District Judge Marsha Pechman in Seattle granted a preliminary injunction and found the immigration courts should conduct the bond...

Job gain points to a US economy slowing but hardly stalling

Apr. 5, 2019 6:11 PM EDT

WASHINGTON (AP) — A month ago, many economists fretted that the 10-year U.S. expansion looked wobbly. But after the government reported Friday that hiring rebounded in March, the economy suddenly looks sturdy again. Growth has weakened since last year to something closer to the modest pace that has...

Greece's bailout lenders approve big debt relief payout

Apr. 5, 2019 8:35 AM EDT

ATHENS, Greece (AP) — Greece's bailout creditors on Friday backed a payout worth more than $1 billion as part of a debt-relief package that is contingent on the government enacting a series of reforms. Mario Centeno, who heads the grouping of the eurozone's 19 finance ministers, told reporters after a...

Markets Right Now: Stock waver to a mixed close

Apr. 2, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks shook off an early slump and wound up little changed on Wall Street as gains for some big tech companies were offset by losses in other sectors. The S&P 500 index eked out a tiny gain Tuesday, extending a...

Asian stocks follow Wall Street higher on upbeat data

Apr. 2, 2019 12:03 AM EDT

BEIJING (AP) — Asian stock prices followed Wall Street higher on Tuesday on encouraging global economic data. Benchmarks in Shanghai, Tokyo and Seoul all advanced. Oil prices advanced again, adding to Monday's big gains. Investors were encouraged by manufacturing indicators that showed activity in China...

Markets Right Now: Better economic news sends stocks higher

Apr. 1, 2019 4:10 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. A brighter outlook on the global economy helped send U.S. stocks solidly higher on Wall Street. In another hopeful sign, long-term bond yields rose above their recent lows Monday, following a sharp drop last month...

Asian shares fall after US stumble, eying China trade talk

Mar. 28, 2019 12:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Thursday, following a slip on Wall Street, as investors watched the continuing trade talks between the U.S. and China. Japan's benchmark Nikkei 225 lost 1.5 percent in early trading to 21,049.94, while Australia's S&P/ASX 200 recouped earlier losses to be up...