Latest Financial markets News

University board declares financial crisis; layoffs possible

Jul. 22, 2019 5:22 PM EDT

ANCHORAGE, Alaska (AP) — The University of Alaska Board of Regents has declared a financial exigency that will allow administrators to expedite layoffs of tenured faculty. Regents gathered Monday in Anchorage for an emergency meeting. They voted 10-1 to authorize UA President Jim Johnsen to start making...

Tens of thousands of Puerto Ricans demand governor resign

Jul. 22, 2019 5:16 PM EDT

SAN JUAN, Puerto Rico (AP) — Waving flags, chanting and banging pots and pans, tens of thousands of Puerto Ricans jammed a highway Monday to demand the resignation of Gov. Ricardo Rosselló in a crisis triggered by a leak of offensive, obscenity-laden chat messages between him and his advisers. The...

How major US stock indexes fared Monday

Jul. 22, 2019 4:47 PM EDT

Tech stocks were the standouts in an otherwise sluggish day of trading on Monday, as investors gear up for the arrival of the heart of earnings reporting season. Apple, Intel and several chip makers jumped more than 2%, and technology stocks in the S&P 500 climbed 1.2%. But the other 10 sectors that make up...

Technology shines on an otherwise sluggish day for US stocks

Jul. 22, 2019 4:39 PM EDT

NEW YORK (AP) — Tech stocks were the standouts in an otherwise sluggish day of trading on Monday, as investors gear up for the arrival of the heart of earnings reporting season. Apple, Intel and several chip makers jumped more than 2%, and technology stocks in the S&P 500 climbed 1.2%. But the other 10...

Markets Right Now: Tech gains, but other sectors stumble

Jul. 22, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. It was a good day for big technology stocks on Wall Street but a middling to crummy day for everyone else. Apple rose 2.3% Monday and Intel climbed 2.1%, leading the tech sector to the biggest gains of the day. Just...

After bailouts, Greece wants easier budget targets

Jul. 22, 2019 3:33 PM EDT

ATHENS, Greece (AP) — Greece's new conservative government says it wants to ease tough budget restrictions set by bailout lenders two years ahead of schedule, as lawmakers prepared Monday to formally confirm the new administration. Government spokesman Stelios Petsas said Athens will seek negotiations with...

The Latest: Trump says he's 'best thing' for Puerto Rico

Jul. 22, 2019 3:31 PM EDT

SAN JUAN, Puerto Rico (AP) — The Latest on protests against Puerto Rico's governor (all times local): 3:25 p.m. President Donald Trump says he's "the best thing that ever happened to Puerto Rico" and he's renewing his attacks on the U.S. territory's officials on a day when tens of thousands are marching on...

Voting for new UK prime minister ends amid Brexit foreboding

Jul. 22, 2019 12:43 PM EDT

LONDON (AP) — Voting closed Monday in the two-man contest to become Britain's next prime minister, as critics of likely winner Boris Johnson condemned his vow to take the U.K. out of the European Union with or without a divorce deal. Members of the governing Conservative Party had until 5 p.m. (1600 GMT)...

Stocks subdued as oil rises again on Mideast tensions

Jul. 22, 2019 7:51 AM EDT

TOKYO (AP) — Global stock markets were subdued Monday while the price of oil climbed as tensions in the Persian Gulf escalated after Iran's seizure of a British oil tanker on Friday. The price of oil rose 1.3% as the British government is due to chair an emergency meeting to discuss possible responses to...

Asian shares lower, Shanghai STAR tech board shares surge

Jul. 22, 2019 1:29 AM EDT

TOKYO (AP) — Asian shares were mostly lower Monday, tracking losses on Wall Street, though a newly launched technology stocks market in Shanghai soared with its trading debut. Prices of the 25 companies listed on the Shanghai Stock Exchange's STAR Market more than doubled, with one company, Anji...