Latest Financial markets News

In this June 2, 2020, photo, Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia. Biden is pledging to unveil a series of proposals in coming weeks aimed at reversing the economic devastation wrought by the pandemic and addressing inequalities sparking protests sweeping the country. (AP Photo/Matt Rourke)

Biden to focus on economic plans, inequality in weeks ahead

Jun. 4, 2020 5:09 PM EDT

WASHINGTON (AP) — Joe Biden is pledging to unveil a series of proposals in coming weeks aimed at reversing the economic devastation wrought by the coronavirus pandemic and addressing inequalities that have contributed to protests sweeping the country. The presumptive Democratic presidential nominee and his...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Wall Street pauses, and S&P 500's 4-day winning streak snaps

Jun. 4, 2020 4:56 PM EDT

Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back some of their gains. The S&P 500 lost 10.52 points, or 0.3%, to 3,112.35 after being on track earlier in the day for its longest...

President Donald Trump walks past police in Lafayette Park after he visited outside St. John's Church across from the White House Monday, June 1, 2020, in Washington. Part of the church was set on fire during protests on Sunday night. (AP Photo/Patrick Semansky)

Analysis: Trump emulates strongman tactics, tests his limits

Jun. 4, 2020 4:52 PM EDT

WASHINGTON (AP) — A phalanx of law enforcement officers and soldiers is positioned on the streets of the nation’s capital to keep protesters at bay. Helicopters circle overhead, sometimes dipping low to buzz the crowd. The country’s leader warns that he’s willing to go further to...

How major US stock indexes fared Thursday

Jun. 4, 2020 4:38 PM EDT

Wall Street paused on Thursday, and the S&P 500 fell 0.3% for its first loss in five days. Stocks that had held steadiest through this year’s feverish swings gave back some of their gains, with losses for technology and health care companies weighing most heavily on the market. On Thursday: The...

Closing prices for crude oil, gold and other commodities

Jun. 4, 2020 3:47 PM EDT

Benchmark U.S. crude oil for July delivery rose 12 cents to settle at $37.41 a barrel Thursday. Brent crude oil for August delivery rose 20 cents to $39.99 a barrel. Wholesale gasoline for July delivery rose 3 cents to $1.15 a gallon. July heating oil rose 1 cent to $1.07 a gallon. July natural gas was little...

FILE -- In this Thursday, March 12, 2020 file photo the President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany. The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5 trillion) in an effort to keep affordable credit flowing to the economy during the steep downturn caused by the virus outbreak. (AP Photo/Michael Probst, file)

European Central Bank nearly doubles pandemic support scheme

Jun. 4, 2020 2:10 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.5 trillion), adding to efforts in Europe and around the world to help the economy weather the steep downturn caused by the virus...

FILE - In this Thursday, March 19, 2020 file photo, a pedestrian wearing a surgical mask and gloves walks past the New York Stock Exchange in New York. Much of Wall Street is still skeptical of the huge surge for stocks over the last two months. Stocks have a long history of making big gains within long-term down markets, only for the bottom to give out again. (AP Photo/Kevin Hagen)

You're not the only one skeptical of the stock market rally

Jun. 4, 2020 11:37 AM EDT

Just because stocks have scrambled nearly all the way back to their record heights doesn’t necessarily mean the market is in the clear. Stocks have a long history of making big gains within long-term down markets, only for the bottom to give out again. Such mini-, ultimately futile rallies were regular...

An Ethiopian domestic worker cries as she waits with dozens of others outside the Ethiopian consulate, some inquiring about flights home, others stranded after they were abandoned by employers who claimed they could no longer afford to pay their salaries, in Hazmieh, east of Beirut, Lebanon, Thursday, June 4, 2020. Some 180,000 domestic workers in Lebanon, most of them female from Ethiopia, are growing more desperate as a crippling economic and financial crisis sets in, coupled with coronavirus restrictions. (AP Photo/Hassan Ammar)

Ethiopian domestic workers stranded in crisis-hit Lebanon

Jun. 4, 2020 10:39 AM EDT

BEIRUT (AP) — Dozens of domestic workers gathered outside the Ethiopian Consulate in Beirut on Thursday, some inquiring about flights home, others stranded after they were abandoned by employers who claimed they could no longer afford to pay their salaries. About 180,000 domestic workers in Lebanon, most...

In this Wednesday, June 3, 2020 photo, Juan Santos stocks shelves at the Presidente Supermarket in the Little Havana neighborhood of Miami.  The U.S. government is set to issue its latest report on the layoffs that have left millions unemployed but have steadily slowed as many businesses have begun to reopen and to rehire some laid-off workers.  (AP Photo/Wilfredo Lee)

1.9 million seek jobless aid even as reopenings slow layoffs

Jun. 4, 2020 10:32 AM EDT

WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs. The total number of people who are receiving jobless aid rose slightly to 21.5...

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020.  Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)

Asia markets mixed after Wall Street rises on better US data

Jun. 3, 2020 11:54 PM EDT

Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected. Benchmarks in Shanghai and Hong Kong declined while Tokyo, Sydney and Southeast Asia advanced. Stock markets have risen on optimism about a possible global recovery...