Latest Financial crisis News

Fed warns high asset prices could make investors vulnerable

May. 06, 2021 17:41 PM EDT

WASHINGTON (AP) — The Federal Reserve is warning that prices of stocks and other financial assets are rising to levels that could set investors up for big losses from sudden declines. A Fed report released Thursday noted that stocks and other risky assets have risen in...

French FM in Lebanon with tough message for its leaders

May. 06, 2021 13:00 PM EDT

BEIRUT (AP) — France's foreign minister on Thursday warned Lebanese officials that France would impose additional measures targeting those obstructing the formation of a new government in the crises-hit Mideast nation. Tweeting ahead of his arrival in Beirut, Jean-Yves...

UN says 155 million people faced severe hunger last year

May. 05, 2021 22:40 PM EDT

UNITED NATIONS (AP) — At least 155 million people faced acute hunger in 2020, including 133,000 who needed urgent food to prevent widespread death from starvation -- and the outlook for 2021 is equally grim or worse, a report by 16 organizations said Wednesday. The...

Editorial Roundup: US

May. 05, 2021 17:14 PM EDT

Excerpts from recent editorials in the United States and abroad: May 3 The Los Angeles Times on pushing Congress to enact sensible gun reform measures: For more years than it is comfortable to count, the National Rifle Association...

Madrid's champion of soft virus restrictions wins election

May. 04, 2021 18:01 PM EDT

MADRID (AP) — Madrid’s conservative leader, a champion of relaxed measures against the coronavirus and a scourge of the left-wing central government’s handling of the pandemic, scored a solid win in a regional election Tuesday. Isabel Díaz Ayuso, who had campaigned...

US-mediated border talks between Lebanon, Israel resume

May. 04, 2021 15:49 PM EDT

NAQOURA, Lebanon (AP) — After a nearly six-month pause, Lebanon and Israel on Tuesday resumed indirect talks with U.S. mediation over their disputed maritime border. Disagreements among the Lebanese leadership over the small country's claims prevailed. The talks ended...

As Lebanese cry for justice, politics paralyzes the system

May. 04, 2021 03:08 AM EDT

BEIRUT (AP) — Even after she was taken off an investigation into alleged financial crimes by a money transfer company, the defiant Lebanese prosecutor charged ahead. She showed up at the company’s offices outside of Beirut with a group of supporters and a metal worker, who broke open the...

Powell sees need to help most vulnerable in uneven recovery

May. 03, 2021 15:56 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven with lower income groups lagging behind. In a speech Monday, Powell cited a number of reasons that...

Puerto Rico groans under pandemic as health, economy suffer

May. 02, 2021 09:22 AM EDT

SAN JUAN, Puerto Rico (AP) — Puerto Rico seemed to be sprinting toward herd immunity this spring before people began letting their guard down against COVID-19 and new variants started spreading across the U.S. territory. Now, a spike in cases and hospitalizations has...

Rhode Island military relief fund gets $50,000 boost

Apr. 30, 2021 15:28 PM EDT

EAST GREENWICH, R.I. (AP) — A fund that helps members of the military and their families from Rhode Island during times of crisis received a $50,000 donation on Friday, authorities said. The donation was the result of a fundraising campaign spearheaded by Gov. Daniel...