Latest Financial markets News

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 19, 2019 3:02 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to finish at 21,333.87. Australia's S&P/ASX 200 rose 1.2% to 6,648.10. South Korea's...

Fed could signal a policy shift toward future rate cuts

Jun. 19, 2019 12:06 AM EDT

WASHINGTON (AP) — The Federal Reserve seems poised to pivot from keeping interest rates steady to holding out the option of cutting rates if it were to decide that the economic expansion needs support. The Fed isn't considered ready to announce that it's reducing rates for the first time in more than a...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 18, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to 21,321.17 in early trading. Australia's S&P/ASX 200 rose 1.0% to 6,637.70. South...

Twice burned: Winklevii overshadowed by Zuckerberg yet again

Jun. 18, 2019 6:22 PM EDT

SAN FRANCISCO (AP) — Can a Libra and two Geminis get along? How about Facebook and the Winklevoss twins? Back in the day, Mark Zuckerberg's hunky Harvard classmates claimed the Facebook CEO stole their idea for the social network when he was just a nerdy undergrad. Now, Facebook's grand plan for a new...

The Latest: Lawmaker wants Facebook to suspend currency plan

Jun. 18, 2019 5:54 PM EDT

NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 5:40 p.m. The head of the House Financial Services Committee wants Facebook to suspend plans for a new currency until Congress and regulators are able to study it more closely. In asking Facebook to put the Libra currency...

Facebook plans its own currency for 2 billion-plus users

Jun. 18, 2019 5:18 PM EDT

SAN FRANCISCO (AP) — Facebook already rules daily communication for more than 2 billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...

How major US stock indexes fared Tuesday

Jun. 18, 2019 4:54 PM EDT

Technology companies powered stocks solidly higher on Wall Street Tuesday as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China will ease trade tensions between the two economic powers. Markets also got a boost after the head of the European Central Bank said...

AP Explains: Behind Libra, Facebook's new digital currency

Jun. 18, 2019 4:20 PM EDT

NEW YORK (AP) — Facebook is unveiling a digital currency called Libra as the company seeks to make its ads more valuable by enabling smoother transactions and payments online, particularly among those without credit cards or bank accounts. Libra will use the same security and record-keeping principles as...

Markets Right Now: Trade deal hopes send US stocks higher

Jun. 18, 2019 4:06 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China could ease trade tensions between the two economic powers....

European Central Bank hints at stimulus _ drawing Trump ire

Jun. 18, 2019 12:40 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank could unleash more stimulus if the economy doesn't pick up soon, its president warned Tuesday, sparking a sharp drop in the euro and drawing an angry tweet from U.S. President Donald Trump. Mario Draghi told a conference in Sintra, Portugal, that the ECB...