Latest Government securities News

US stocks close lower as spike in crude oil rattles market

Sep. 16, 2019 5:13 PM EDT

Airlines, cruise lines and other companies in fuel-dependent industries dragged U.S. stocks lower Monday after an attack on Saudi Arabia's biggest oil processing facility sent crude prices soaring. The U.S. and international benchmarks for crude each vaulted more than 14% — that's comparable to the 14.5%...

US stock indexes end mixed; S&P 500 notches 3rd weekly gain

Sep. 13, 2019 4:48 PM EDT

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower. A slide in technology stocks, along with losses in consumer-focused and real estate companies, offset solid gains elsewhere in the market, including big Wall Street banks and industrial...

GOP rejects cuts to wall funding, Dems threaten filibuster

Sep. 12, 2019 7:12 PM EDT

WASHINGTON (AP) — A Republican-controlled Senate committee on Thursday rejected Democratic attempts to cut President Donald Trump's latest border wall request and prevent him from again funding the project without congressional approval. Democrats threatened to filibuster a Pentagon spending bill. The...

US long-term mortgage rates rise, with 30-year at 3.56%

Sep. 12, 2019 7:06 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56% from 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for four...

The Fed and ECB aim to avoid downturns but with limited ammo

Sep. 12, 2019 5:19 PM EDT

WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB delivered a...

Markets Right Now: Stocks rise on hope for progress on trade

Sep. 12, 2019 4:18 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing higher Thursday as investors grow cautiously optimistic the U.S. and China can make progress in upcoming trade talks. The S&P 500 gained 8 points, or 0.3%, to 3,009, led by technology and...

Treasury settles with Deutsche Bank over bond price fixing

Sep. 12, 2019 10:44 AM EDT

HARRISBURG, Pa. (AP) — The Pennsylvania Treasury Department says an agreement been reached with Deutsche Bank to settle its part of a lawsuit over allegations of price fixing in government bond deals, and the bank has agreed to pay $15 million. Treasurer Joe Torsella announced Thursday the deal submitted...

Europe eyes stimulus plan, but ultra-low rates raise doubts

Sep. 11, 2019 2:15 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank appears to be preparing a new shot of stimulus to try to energize the economy. But the move is sure to renew a nagging question: Can central banks do much good when rates are already ultra-low? Analysts say the bank is likely to cut a key interest rate...

Lawmakers eye stopgap spending bill to prevent a shutdown

Sep. 9, 2019 7:05 PM EDT

WASHINGTON (AP) — Democrats controlling the House are proposing a government-wide temporary funding bill to prevent a federal shutdown at month's end and to give the Senate time to get moving on $1.4 trillion in spending bills to fill in the details on this summer's bipartisan budget and debt deal. House...

AP FACT CHECK: Trump and Democrats mangle science

Sep. 7, 2019 5:01 PM EDT

WASHINGTON (AP) — Science took a beating in the political arena this past week as President Donald Trump sowed confusion about Hurricane Dorian's path and Democratic presidential candidates rang false alarms about the air we breathe. Trump found himself contradicted by his government's own meteorologists...