Latest Lead markets News
Trump, Congress agree on $2 trillion virus rescue bill
WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is the...
Financial markets in turmoil over fear of virus lockdowns
BEIJING (AP) — Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over virus controls that are shutting down global business and travel. There were no glimmers of optimism: European and Asian stock indexes were down as much as 10%, as...
Asian stock markets, US futures sink after Fed's rate cut
BEIJING (AP) — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. Sydney's benchmark plunged 7% and Hong Kong's Hang Seng lost 2%....
Netanyahu rival Gantz chosen to form new Israeli government
JERUSALEM (AP) — Israeli opposition leader Benny Gantz will be given the first opportunity to form a new government after an inconclusive national election this month, the country’s president said Sunday, raising questions about Prime Minister Benjamin Netanyahu’s political future. The...
AP sources: Travel ban to extend to United Kingdom, Ireland
WASHINGTON (AP) — The White House is expected to announce that the U.S. will broaden its European travel ban, adding the United Kingdom and Ireland to its list. Under the restrictions, American citizens, green card holders and others are still allowed to return home to the U.S., but will be funneled to 13...
Stocks roar back on hopes for government's virus plan
NEW YORK (AP) — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President Donald Trump declared the coronavirus pandemic a national emergency. Fueled by...
Fed takes extra steps to sooth virus-rattled bond market
WASHINGTON (AP) — The Federal Reserve and the European Central Bank have taken large steps this week to try to calm financial markets and restore some degree of confidence. So far, it hasn't quite worked. The central banks are facing a crisis only partly responsive to the medicine they can provide. On...
As central banks intervene to calm markets, few see solution
WASHINGTON (AP) — The Federal Reserve and the European Central Bank moved Thursday to try to calm financial markets and restore some degree of confidence. It didn't quite work. The central banks are facing a crisis only partly responsive to the medicine they can provide. The Fed sought to ensure that the...
A look at some of the hardest hit sectors in the S&P 500
Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global economy. Airlines are dropping routes because people are not flying, workers are staying home, public events that raise...
Asian shares sink after Dow hits bear level on pandemic news
TOKYO (AP) — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.9% to 18,468.99. Australia's S&P/ASX 200 dropped 6.6% to 5,348.60. South Korea's Kospi dipped 4.7% to 1,815.98. Hong...
LOADING MORE STORIES
