Latest Financial markets News

Powell says financial crisis accelerated economic changes

Jul. 16, 2019 2:54 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that since the...

New Greek PM calls bond auction "vote of confidence"

Jul. 16, 2019 2:46 PM EDT

ATHENS, Greece (AP) — Greece launched a 7-year bond auction Tuesday, the country's third effort this year to raise money from international markets while improved borrowing rates provide an advantage. The auction aimed at raising 2.5 billion euros ($2.8 billion) followed 5-year and 10-year bond issues...

US stocks move sideways as earnings reports ramp up

Jul. 16, 2019 1:46 PM EDT

NEW YORK (AP) — U.S. stocks headed sideways in afternoon trading as investors assessed a mixed bag of corporate earnings and economic reports. Technology companies fared the worst, with some of the heaviest declines coming from chipmakers. Intel fell 1.9% and Texas Instruments fell 1.1%. Johnson &...

Lebanese parliament convenes on budget amid tight security

Jul. 16, 2019 12:28 PM EDT

BEIRUT (AP) — Under tight security, Lebanese lawmakers on Tuesday began discussing the draft 2019 state budget that aims to avert a financial crisis in the heavily indebted country by raising taxes and cutting public spending. The discussions were being held amid limited protests against proposed austerity...

Markets Right Now: Stock indexes are mixed in midday trade

Jul. 16, 2019 11:57 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks drifted sideways in midday trading as investors assessed a mixed bag of corporate earnings and economic reports. Technology and health care companies fell Tuesday, offsetting gains in other sectors of the...

A small town's grief after teen dies in tragic car crash

Jul. 16, 2019 9:54 AM EDT

BELLOW FALLS, Vt. (AP) — Jim Ruggiero is not anonymous anymore. Tragedy has changed all that. Strangers and mild acquaintances come up to him silently and give him a hug in a Bellows Falls cafe. Ruggiero hugs right back, strongly. Ruggiero's son Vincenzo, 15, died almost two months ago after a car crash on...

Global shares edge up on upbeat US earnings reports

Jul. 16, 2019 8:34 AM EDT

TOKYO (AP) — Global stock markets were mostly higher on Tuesday after several major U.S. companies reported quarterly earnings that were better than expected. France's CAC 40 was up 0.6% to 5,611, while Germany's DAX was 0.4% higher at 12,432. Britain's FTSE 100 gained 0.5% to 7,566. U.S. shares looked set...

Joe Biden draws line against progressives on health care

Jul. 16, 2019 2:24 AM EDT

DES MOINES, Iowa (AP) — Joe Biden is taking an aggressive approach to defending the Affordable Care Act, challenging not just President Donald Trump but also some of his rivals for the Democratic presidential nomination who want to replace the current insurance system with a fully government-run model. The...

Asian shares mixed in lackluster trading, Nikkei falls 0.6%

Jul. 16, 2019 12:00 AM EDT

TOKYO (AP) — Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season. Japan's benchmark Nikkei 225 lost 0.6% in early trading to 21,549.68. Australia's S&P/ASX 200 edged 0.1% higher to 6,657.20. South...

How major US stock indexes fared Monday

Jul. 15, 2019 4:39 PM EDT

Major U.S. stock indexes ended a wobbly day with meager gains, enough to push them slightly further into record territory. Trading was indecisive for much of the day Monday, as losses for banks mostly offset gains in other sectors including technology and health care. On Monday: The S&P 500 rose 0.53 points,...