Latest Financial markets News

Pills, booze, family and justice: A Tennessee opioid story

Jun. 15, 2019 1:21 PM EDT

COOKEVILLE, Tenn. (AP) — Larry Elmore was high on Percocet and Xanax as he climbed a ladder onto the roof of his mother's house to clean the gutters. On the top rung, he lost his balance and tumbled, shattering his right femur as he crashed to the ground below. Someone called 911. Elmore limped inside and...

'We are trapped': Zimbabwe's economic crunch hits passports

Jun. 15, 2019 9:40 AM EDT

HARARE, Zimbabwe (AP) — With Zimbabwe's economy in shambles and political tensions rising, leaving the country seems the best option for many who are desperate for jobs. But those dreams often end at the passport office, which doesn't have enough foreign currency to import proper paper and ink. A passport...

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Broadcom, Exxon fall while Facebook, ArQule rise

Jun. 14, 2019 4:32 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Broadcom Inc., down $15.68 to $265.93 The chipmaker cut its full year revenue forecast citing restrictions on sales to Chinese companies, including Huawei. Innovative Industrial Properties Inc., up $7.57 to $108.48 The real estate...

Markets Right Now: Stocks fall on fresh concerns about trade

Jun. 14, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are finishing lower Friday amid more concerns about the business impact of the U.S.-China trade dispute. Technology shares dropped after chipmaker Broadcom reduced its 2019 revenue forecast by $2 billion,...

Stocks don't always get a boost when the Fed cuts rates

Jun. 14, 2019 2:51 PM EDT

When the Federal Reserve cuts interest rates, or even hints that it's about to, investors cheer. That's because lowering rates stokes the overall economy, which sends stock prices higher — usually, that is. The Fed has initiated 16 rate cut cycles since World War II. In 11 of those cycles, the stock market...

Correction: Bitcoin-Carbon Footprint story

Jun. 14, 2019 9:29 AM EDT

BERLIN (AP) — In a story June 13 about the carbon footprint of bitcoin, The Associated Press reported erroneously that the electricity required for a bitcoin transaction results in hundreds of times as much CO2 emitted as a credit card payment. It is hundreds of thousands of times as much. A corrected...

Record number of South Sudanese face critical lack of food

Jun. 14, 2019 7:59 AM EDT

PRAGUE (AP) — A record number of people in South Sudan face a critical lack of food. A new report by the government and the United Nations says almost seven million people, or more than 60% of the population, are at risk. The report released Friday says almost two million people are near starvation nine...

Concerns over Persian Gulf escalation weigh on markets

Jun. 14, 2019 7:54 AM EDT

TOKYO (AP) — Global shares mostly fell Friday as investors fretted over the mounting crisis in the Persian Gulf and lingering worries about trade conflict between the U.S. and China. The U.S. has blamed the suspected attacks Thursday on two oil tankers near the strategic Strait of Hormuz on Iran and that...

Asian shares mixed over concerns about oil tankers, trade

Jun. 13, 2019 10:52 PM EDT

TOKYO (AP) — Asian shares were mixed Friday as investors weighed a variety of factors, including suspected attacks on two oil tankers in the strategic Strait of Hormuz and lingering worries about trade conflict between the U.S. and China. Japan's benchmark Nikkei 225 edged up 0.2% to 21,076.11 in morning...