Latest Financial crisis News
Protesters in Lebanon clash with police over virus lockdown
BEIRUT (AP) — Lebanese security forces opened fire in violent clashes Wednesday with dozens of protesters who took to the street in the country’s north for a third consecutive day to denounce deteriorating living conditions amid a strict lockdown to prevent the spread of the coronavirus. At least...
Text of the Federal Reserve's statement after its meeting
WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19...
Amid crisis, Hezbollah 'bank' a lifeline for some Lebanese
BEIRUT (AP) — When Lebanon’s financial meltdown began in late 2019, Hassan Shoumar was locked out of his dollar savings like everyone else in the country as banks clamped down with capital controls. But the young engineer had an alternative. He could still pull out the dollars in his account at the...
Asian shares mixed following lackluster day on Wall Street
Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...
Yellen says Treasury focus to help nation reeling from virus
WASHINGTON (AP) — Janet Yellen, sworn in Tuesday as the nation's 78th Treasury secretary and the first woman to hold the office, said in a message to the department's 84,000 employees that they would play a major role in addressing the country's biggest economic challenges. “In addition to the...
Permanent mail-in voting among Carney's goals for Delaware
DOVER, Del. (AP) — Making mail-in voting permanent, mandating higher use of renewable energy and more than doubling education funding for disadvantaged students are among Democratic Gov. John Carney's plans for Delaware. Carney outlined those and other goals, including providing body cameras for every...
Italian premier resigns, setting off scramble for new allies
ROME (AP) — Italian Premier Giuseppe Conte resigned Tuesday after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic, setting the stage for consultations this week to determine if he can form a third government. Conte tendered his resignation to...
Tunisians protest arrests; government faces confidence vote
TUNIS, Tunisia (AP) — Hundreds of Tunisians protested out outside their country's heavily guarded parliament Tuesday as lawmakers prepared to vote late into the night on a new government after a week of youth protests and riots over poverty and a lack of jobs that left one young demonstrator dead and...
Iowa unemployment rate falls to 3.1%, 2nd lowest in US
DES MOINES, Iowa (AP) — Iowa's unemployment rate fell to 3.1% in December, the second-lowest rate in the country, according to data released Tuesday. Iowa's rate fell significantly from 3.8% in November and is only slightly above the 2.8% rate from a year ago, before the coronavirus pandemic led to a...
Lebanese in impoverished north protest virus lockdown
BEIRUT (AP) — Dozens of Lebanese protesters, enraged at a nearly month-long lockdown to combat the spread of coronavirus, took to the streets of the country's second largest city on Monday and pelted security forces with stones. The security forces responded with tear gas to break up the protesters, who...
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