Latest Financial markets News

Gary Strafford, a Zimbabwean falconer, holds an owl inside one of the cages at his bird sanctuary, Kuimba Shiri, near Harare, Zimbabwe, Wednesday, June, 17, 2020. Kuimba Shiri, Zimbabwe's only bird park, has survived tumultuous times, including violent land invasions and a devastating economic collapse. Now the outbreak of COVID-19 is proving a stern test. With Zimbabwe’s inflation currently at more than 750%, tourism establishments are battling a vicious economic downturn worsened by the new coronavirus travel restrictions. (AP Photo/Tsvangirayi Mukwazhi)

Zimbabwe bird sanctuary has 400 species, not enough tourists

Jul. 11, 2020 3:08 AM EDT

HARARE, Zimbabwe (AP) — A fish eagle swoops over the water to grab a fish in its talons and then flies to its nest. Nearby are a martial eagle, a black eagle, an Egyptian vulture and hundreds of other birds. With an estimated 400 species of birds on an idyllic spot on Zimbabwe's Lake Chivero, about 40...

People's Action Party Secretary-General and Singaporean Prime Minister Lee Hsien Loong, right, verifies his identity with a polling official at the Alexandra Primary School polling center in Singapore, Friday, July 10, 2020. Wearing masks and plastic gloves, Singaporeans began voting in a general election that is expected to return Prime Minister Lee's long-governing party to power. (AP Photo)

Singapore's ruling party holds on to power but faces setback

Jul. 10, 2020 11:35 PM EDT

SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong's long-governing party comfortably won Friday's general elections as expected amid the coronavirus pandemic, but faced a setback as the opposition made minor gains. Lee said his People’s Action Party secured 83 parliamentary seats, retaining...

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)

Fed buys more corporate bonds but may soon end purchases

Jul. 10, 2020 7:55 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT&T,...

A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)

Croatia, Bulgaria take big step toward joining the euro

Jul. 10, 2020 6:39 PM EDT

FRANKFURT, Germany (AP) — Croatia and Bulgaria took a big step toward joining the shared euro currency Friday, underlining the currency bloc's attraction despite its 2010-2015 debt crisis and the continuing debate about how to strengthen it against possible future trouble. Finance ministers of the 19...

Social justice nonprofits pay $1.4M in bonds for protesters

Jul. 10, 2020 6:36 PM EDT

OKLAHOMA CITY (AP) — Oklahoma City's local Black Lives Matter chapter posted a total of $1.4 million in cash bonds to release four protesters from jail who were arrested and charged with various crimes during demonstrations against police brutality and racism. With help from the National Bail Fund Network,...

FILE - In this May 25, 2020, file photo, Brazil's President Jair Bolsonaro, wearing a face mask amid the coronavirus pandemic, stands among supporters as he leaves his official residence of Alvorada palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus's severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)

COVID hits dozens of Latin leaders, including presidents

Jul. 10, 2020 5:24 PM EDT

HAVANA (AP) — The COVID-19 pandemic is sweeping through the leadership of Latin America, with two more presidents and powerful officials testing positive this week for the new coronavirus, adding a destabilizing new element to the region’s public health and economic crises. In Brazil, President...

How major US stock indexes fared Friday

Jul. 10, 2020 4:51 PM EDT

Stocks closed broadly higher on Wall Street Friday as the S&P 500 notched its third weekly gain in the last four. The benchmark index’s biggest gains came from cruise operators, airlines, banks and other companies that most need the economy to reopen and strengthen. The technology-heavy Nasdaq...

Closing prices for crude oil, gold and other commodities

Jul. 10, 2020 4:35 PM EDT

Benchmark U.S. crude oil for August delivery rose 93 cents to settle at $40.55 a barrel Friday. Brent crude oil for September delivery gained 89 cents to $43.24 a barrel. Wholesale gasoline for August delivery added 3 cents to $1.28 a gallon. August heating oil gained 2 cents to $1.24 a gallon. August natural gas...

Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)

Wall Street rallies as optimism returns to cap erratic week

Jul. 10, 2020 4:33 PM EDT

NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...

Gilead Sciences, Matson rise; WD-40, Eli Lilly fall

Jul. 10, 2020 4:20 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday: WD-40 Co., down $6.44 to $194.06. The lubricant maker reported disappointing second-quarter financial results. Matson Inc., up $9.13 to $36.49. The shipping and logistics company gave investors an encouraging second-quarter...