Latest Financial markets News

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange.  Global stock markets are sharply lower on deepening worries over damage from the coronavirus pandemic. Benchmarks fell in Paris, London and Frankfurt on Wednesday, April 1, 2020.  (AP Photo/Mark Lennihan, File)

Global stock markets skid as coronavirus infections soar

Apr. 1, 2020 9:57 AM EDT

NEW YORK (AP) — U.S stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The S&P 500 dropped more than 3% in the first few minutes of trading President Donald Trump warned the country to brace for “the...

Stocks fall more than 3% at open on Wall Street, following declines in Asia, Europe, as Trump warns of 'dark days' ahead

Apr. 1, 2020 9:34 AM EDT
NEW YORK (AP) — Stocks fall more than 3% at open on Wall Street, following declines in Asia, Europe, as Trump warns of 'dark days' ahead.

Closed computer chip factory sells for $6.3 million

Apr. 1, 2020 9:11 AM EDT

EUGENE, Ore. (AP) — A long-shuttered computer chip factory in Eugene has sold at auction for $6.3 million, but it’s not clear what the new owner plans to do with the site. Hynix spent $1.5 billion to build and equip the 1.2-million-square-foot factory, which opened in 1998. It closed in 2008 during...

President Donald Trump points to a reporter to ask a question as he speaks about the coronavirus, with Dr. Deborah Birx, White House coronavirus response coordinator, at right, in the James Brady Press Briefing Room of the White House, Tuesday, March 31, 2020, in Washington. (AP Photo/Alex Brandon)

Trump and Putin discuss oil, Japan limits international mail

Apr. 1, 2020 6:05 AM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wedy related to the global economy, the work place and the spread of the virus. ________ DROWNING IN OIL: President Donald Trump said he spoke with Russian President Vladimir Putin about...

President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Tuesday, March 31, 2020, in Washington, as Dr. Deborah Birx, White House coronavirus response coordinator, listens. (AP Photo/Alex Brandon)

The Latest: China reports 36 new COVID-19 cases

Apr. 1, 2020 1:33 AM 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. TOP OF THE HOUR: — White House projects between 100,000 and 240,000 U.S....

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)

Asian stocks fall on lagging worries about virus, recession

Mar. 31, 2020 10:57 PM EDT

TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of Japan's...

Commuters wear masks as they ride a bus, to prevent the spread of the new coronavirus in Mexico City, Tuesday, March 31, 2020. Mexico's government has broadened its shutdown of

Too little too late? Experts decry Mexico virus policy delay

Mar. 31, 2020 9:33 PM EDT

MEXICO CITY (AP) — Mexico has started taking tougher measures against the coronavirus after weeks of its president hugging followers and saying religious medals would protect him. Some experts warn the sprawling country of 129 million is acting too late and testing too little to prevent the type of crisis...

Businesses are closed and very few people are out in downtown Wilkes-Barre, Pa., Monday, March 23, 2020, heeding the advice of Gov. Tom Wolf. (Aimee Dilger/The Times Leader via AP)

Booze buying surges; senators push airlines for cash refunds

Mar. 31, 2020 7:46 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. ________ INDUSTRY: Less than a week after saying it planned to reopen five North American assembly...

Closing prices for crude oil, gold and other commodities

Mar. 31, 2020 4:57 PM EDT

Benchmark crude oil rose 39 cents to settle at $20.48 a barrel Tuesday. Brent crude oil, the international standard, fell 2 cents to close at $22.74 a barrel. Wholesale gasoline fell 1 cent to 57 cents a gallon. Heating oil fell 1 cent to $1.01 a gallon. Natural gas dropped 5 cents to $1.64 per 1,000 cubic feet....

U.N. Secretary-General Antonio Guterres addresses his statement, during the opening of the High-Level Segment of the 43rd session of the Human Rights Council, at the European headquarters of the United Nations in Geneva, Switzerland, Monday, Feb. 24, 2020. (Salvatore Di Nolfi/Keystone via AP)

UN chief says COVID-19 is worst crisis since World War II

Mar. 31, 2020 4:48 PM EDT

UNITED NATIONS (AP) — U.N. Secretary-General Antonio Guterres warned Tuesday that the world faces the most challenging crisis since World War II, confronting a pandemic threatening people in every country, one that will bring a recession “that probably has no parallel in the recent past.”...