Latest Financial markets News

In this photo released by the Lebanese Government, Lebanese Prime Minister Hassan Diab, right, meets with delegation from the International Monetary Fund at the Government House in Beirut, Lebanon, Thursday, Feb. 20, 2020. A delegation from the International Monetary Fund began its meetings in Lebanon Thursday where the international agency is expected to give an assessment on what is needed to save the crumbling economy of the country. (Dalati Nohra/Lebanese Government via AP)

IMF delegation advises Lebanese officials on economic crisis

Feb. 20, 2020 1:20 PM EST

BEIRUT (AP) — An International Monetary Fund delegation began meetings Thursday in Lebanon to provide advice on dealing with the country's crippling economic and financial crisis amid concerns the country might default on its Eurobond debt payment for the first time. Lebanon is going through its worst...

FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)

Stocks fall in midday trading as investors turn cautious

Feb. 20, 2020 11:49 AM EST

NEW YORK (AP) — U.S. stocks turned broadly lower in midday trading Thursday as investorsbecame more cautious following a record-setting day for major indexes. The virus outbreak originating in China remains a lingering concern as more companiessay they'll be affected. The world’s biggest shipper,...

FILE - In this Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley is buying online brokerage E-Trade in an all-stock deal valued at about $13 billion. In the all-stock deal announced Thursday, Feb. 20, 2020, E*Trade shareholders will receive 1.0432 Morgan Stanley shares for each share they own.   (AP Photo/Mark Lennihan, File)

Morgan Stanley to buy E-Trade for $13 billion

Feb. 20, 2020 11:12 AM EST

NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal would...

Ralph Hamers, new CEO of Swiss Bank UBS, gestures during a press conference in Zurich, Switzerland, Thursday, Feb. 20, 2020. Dutchman Ralph Hamers will replace Sergio Ermotti, who is still UBS boss, on Nov. 1, 2020. (Walter Bieri/Keystone via AP)

UBS picks new CEO with track record in digital banking

Feb. 20, 2020 9:27 AM EST

GENEVA (AP) — Shares in bank UBS climbed almost 3% on Thursday after the Swiss firm announced the appointment of a new chief executive who has experience in developing digital business in finance. Zurich-based UBS said that Ralph Hamers, who is currently the head of Dutch bank ING Group, will join the...

FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)

Global stocks mostly slip as virus weighs on companies

Feb. 20, 2020 7:57 AM EST

TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings. France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's FTSE 100 was flat at 7,458. Dow and S&P 500 futures...

Texas Tech's Jahmi'us Ramsey (3) dunks during the second half of an NCAA college basketball game against Kansas State, Wednesday, Feb. 19, 2020, in Lubbock, Texas. (Brad Tollefson/Lubbock Avalanche-Journal via AP)

Moretti, Texas Tech top K-State 69-62, stay in 3rd in Big 12

Feb. 20, 2020 1:48 AM EST

LUBBOCK, Texas (AP) — Davide Moretti flinched as a pass the Texas Tech guard wasn't expecting glanced off his back and bounced toward Kansas State's Cartier Diarra. When Diarra tried to get too fancy with the ensuing breakaway dunk and clanged a windmill attempt off the rim, Moretti made the last-place...

FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)

Asian stocks mixed after Wall Street rises to record

Feb. 19, 2020 11:43 PM EST

TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, but worries persist about damage to the regional economy from the new virus that began in China. Japan's benchmark Nikkei 225 gained 0.3% to 23,474.78, shedding bigger early gains. Australia's S&P/ASX 200...

Puerto Rico goes to court against debt-restructuring deal

Feb. 19, 2020 7:04 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government went to court on Wednesday to fight a deal that a federal control board overseeing the U.S. territory’s finances recently reached with bondholders to reduce the island’s debt by $24 billion. In the motion, attorneys said...

How major US stock indexes fared Wednesday

Feb. 19, 2020 4:34 PM EST

The S&P 500 returned to a record Wednesday, and technology stocks once again helped lead the market higher. Apple rallied to recover most of its loss from the prior day, triggered by a revenue warning due to the viral outbreak centered in China. Worries remain about how disruptive the virus will be for...

Garmin, Analog Devices rise; Blue Apron, Groupon fall

Feb. 19, 2020 4:20 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Garmin Ltd., up $6.55 to $103.67 The maker of personal navigation devices raised its dividend after handily beating Wall Street's fourth-quarter profit forecasts. Blue Apron Holdings Inc., down 77 cents to $3.60 The meal-kit...