Latest Financial crisis News

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: Trump to speak to Florida governor about ships

Mar. 31, 2020 9:57 PM 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....

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...

FILE - This July 16, 2013 file photo shows a street sign for Wall Street outside the New York Stock Exchange in New York.  Stocks are opening slightly lower on Wall Street, Tuesday, March 31, 2020, as investors close out a brutal month of March. The S&P 500 is headed for its biggest quarterly decline since the last quarter of 2008.(AP Photo/Mark Lennihan, File)

Stocks fall, capping Wall Street's worst quarter since 2008

Mar. 31, 2020 5:13 PM EDT

NEW YORK (AP) — Stocks fell Tuesday to close out Wall Street’s worst quarter since the most harrowing days of the 2008 financial crisis. The S&P 500 dropped a final 1.6%, bringing its loss for the first three months of the year to 20% as predictions for the looming recession caused by the...

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.”...

How major US stock indexes fared Tuesday

Mar. 31, 2020 4:35 PM EDT

Stocks closed lower on Wall Street Tuesday, ending the first three months of the year with a decline of 20%, the market's worst quarter since the dark days of the financial crisis. The loss for the S&P 500 in March alone was 12.5% as the surge of coronavirus cases sent investors fleeing from the market....

A sparsely occupied Fifth Avenue, usually bustling with traffic, appears at midday on Wednesday, March 18, 2020 in New York. (Photo by Evan Agostini/Invision/AP)

Virus slump expected to rival big recessions in history

Mar. 31, 2020 11:20 AM EDT

LONDON (AP) — The coronavirus-related recessions around the world are going to be bad — and for some of the world's major industrial nations the worst that anyone alive has experienced, according to analysts at Deutsche Bank. In a wide-ranging report using data that in parts goes back 800 years, Jim...

Ukrainian President Volodymyr Zelenskiy wearing a face mask to protect against coronavirus speaks during an extraordinary parliamentary session in Kyiv, Ukraine, Monday, March 30, 2020. Ukraine has been under quarantine since March 12. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo)

Ukraine approves legislation in a bid for IMF aid

Mar. 31, 2020 4:29 AM EDT

KYIV, Ukraine (AP) — Ukraine's parliament has voted to lift the ban on the sale of farmland in a move that would allow the country to get $8 billion worth of aid from the International Monetary Fund. The bill, long pushed by economists to stimulate investment in agriculture, was approved by 259 votes out...

President Donald Trump and Defense Secretary Mark Esper, right, walk as the U.S. Navy hospital ship USNS Comfort takes off from the pier at Naval Station Norfolk in Norfolk, Va., Saturday, March 28, 2020. The ship is departing for New York to assist hospitals responding to the coronavirus outbreak. (AP Photo/Patrick Semansky)

The Latest: WHO warns `far from over' in Asia and Pacific

Mar. 31, 2020 1:11 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: — WHO warns COVID-19 epidemics “far from over”...

An employee of a bank wearing a face mask watches the computer monitors at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 31, 2020. Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. (AP Photo/Lee Jin-man)

Asian stocks rise after Wall Street health-care-led rally

Mar. 30, 2020 11:37 PM EDT

TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to...