Latest Financial markets News

Senate Majority Leader Mitch McConnell of Ky., wears a face mask used to protect against the spread of the new coronavirus as he attends a press conference after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington, Tuesday, May 19, 2020. (AP Photo/Patrick Semansky)

The Latest: Italy's schools on pace to reopen in September

May. 28, 2020 5:40 PM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. — Italy's education minister says students will be back in school in...

A women wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, Thursday, May 28, 2020. Asian stocks are mixed after an upbeat open, as hopes for an economic rebound from the coronavirus crisis were dimmed by tensions between the U.S. and China over Hong Kong and other issues. (AP Photo/Vincent Yu)

Wall Street's rally ends on fears about US-China tensions

May. 28, 2020 4:52 PM EDT

Wall Street’s rally ran out of fuel in the last hour of trading on Thursday, and the market fell to its first loss in four days amid worries about rising U.S.-China tensions. The S&P 500 had been climbing for much of the day and was up as much as 1.1% at one point. But it all disappeared after...

Closing prices for crude oil, gold and other commodities

May. 28, 2020 4:41 PM EDT

Benchmark U.S. crude oil for July delivery rose 90 cents to settle at $33.71 a barrel Thursday. Brent crude oil for July delivery rose 55 cents to $35.29 a barrel. Wholesale gasoline for June delivery rose 1 cent to $1 a gallon. June heating oil fell 4 cents to 93 cents a gallon. July natural gas fell 6 cents to...

How major US stock indexes fared Thursday

May. 28, 2020 4:29 PM EDT

Stocks gave up an early rally and closed slightly lower Thursday as traders turned cautious over escalating tensions between the U.S. and China. The S&P 500 had been up 1.1% before sinking in the last hour after President Donald Trump said he would hold a news conference on China Friday. The announcement...

Dollar Tree, Semtech rise; American Airlines, HP fall

May. 28, 2020 4:27 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: Box Inc., down 15 cents to $19.49. The file sharing software company gave investors an encouraging profit forecast and solid first-quarter results. Workday Inc., up $12.18 to $182.56. The maker of human resources software...

An anti-government protester argues with riot police during a protest against a general amnesty law being proposed in parliament, in Beirut, Lebanon, Thursday, May 28, 2020. (AP Photo/Hussein Malla)

Lebanon removes banking secrecy rules to fight corruption

May. 28, 2020 1:02 PM EDT

BEIRUT (AP) — Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption that has pushed the country to the edge of economic collapse. The move opens the way for investigations into bank accounts of current and former...

FILE - In this July 22, 2019 photo, trucks hauling shipping containers wait to unload at the Port of Oakland in Oakland, Calif.  The Commerce Department issues its second estimate of how the U.S. economy performed in the first quarter of 2020 on Thursday, May 28, 2020.(AP Photo/Ben Margot, File)

US economy shrank at 5% annual rate in Q1

May. 28, 2020 9:47 AM EDT

WASHINGTON (AP) — The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter. The Commerce Department reported Thursday that the gross domestic product, the...

European Commissioners for European Green Deal Frans Timmermans speaks during a joint video press conference on Green and Just recovery at the EU headquarters in Brussels, Thursday, May 28, 2020. (Aris Oikonomou/Pool Photo via AP)

EU pledges to stay green in recovery from coronavirus

May. 28, 2020 8:44 AM EDT

BRUSSELS (AP) — The European Commission pledged Thursday to stay away from fossil-fueled projects in its coronavirus recovery strategy, and to stick to its target of making Europe the first climate neutral continent by the mid-century, but environmental groups said they were unimpressed. To weather the...

FILE - In this Nov. 11, 2019 file photo, Riad Salameh the governor of Lebanon's Central Bank, listens to a journalist's question during a press conference, in Beirut, Lebanon. Salameh was touted as the guardian of Lebanon’s monetary stability as he steered the tiny country's finances through post-war recovery and various bouts of unrest for nearly three decades. Now, Lebanon’s long-serving central bank governor is being called a “thief” by some protesters, who accuse him of being part of the ruling elite whose corruption and mismanagement has driven the country to the edge of bankruptcy. (AP Photo/Hussein Malla, File)

Lebanon crisis brings mixed legacy for central bank governor

May. 28, 2020 2:14 AM EDT

BEIRUT (AP) — Touted as the guardian of Lebanon’s monetary stability, he steered the tiny country's finances for nearly three decades, through post-war recovery and bouts of unrest. Now, Lebanon’s central bank governor is being called a “thief” by some anti-government...

A women wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, Thursday, May 28, 2020. Asian stocks are mixed after an upbeat open, as hopes for an economic rebound from the coronavirus crisis were dimmed by tensions between the U.S. and China over Hong Kong and other issues. (AP Photo/Vincent Yu)

Asian shares mixed after Wall Street rally; Hong Kong lower

May. 28, 2020 12:36 AM EDT

BANGKOK (AP) — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis. Shares rose in Tokyo, Sydney and Shanghai but dropped in Hong Kong, where tensions are flaring over Beijing’s effort to exert more control...