Latest Financial markets News

People shop for clothing at the used-clothes market in Baghdad, Iraq, Tuesday, Oct. 20, 2020.  Iraq is in the throes of an unprecedented liquidity crisis, as the cash-strapped state wrestles to pay public sector salaries and import essential goods while oil prices remain dangerously low. (AP Photo/Khalid Mohammed)

Bloated public salaries at heart of Iraq's economic woes

Oct. 23, 2020 2:04 AM EDT

BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills. A graphic designer for the Health Ministry, he uses about half his salary to pay his rent of nearly 450,000 Iraqi dinars a...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 2:01 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2020. Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. (AP Photo/Ahn Young-joon)

Asian shares, US futures gain after last Trump-Biden debate

Oct. 23, 2020 1:50 AM EDT

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election. Stocks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai. Sydney's benchmark ended flat. In their debate late...

Michigan State dropping swimming and diving teams

Oct. 22, 2020 5:13 PM EDT

EAST LANSING, Mich. (AP) — Michigan State University is dropping swimming and diving teams for men and women after the 2020-21 season, officials said Thursday. “MSU athletics is facing a financial crisis unlike any we’ve ever seen in college athletics,” athletic director Bill Beekman...

How major US stock indexes fared Thursday

Oct. 22, 2020 5:08 PM EDT

Stocks shook off a wobbly start and ended higher on Wall Street Thursday, as several earnings reports from big U.S. companies came in better than analysts had expected. New data showed U.S. unemployment claims declined last week and sales of previously occupied U.S. homes rose sharply. House Speaker Nancy Pelosi...

Discover, Align rise; Kimberly-Clark, Union Pacific fall

Oct. 22, 2020 4:22 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Tesla Inc., up $3.15 to $425.79. The electric car and solar panel maker beat Wall Street's third-quarter profit and revenue forecasts. CSX Corp., up $3.01 to $81.73. The Jacksonville, Florida-based railroad beat analysts'...

Closing prices for crude oil, gold and other commodities

Oct. 22, 2020 3:23 PM EDT

Benchmark U.S. crude oil for December delivery rose 61 cents to $40.64 a barrel Thursday. Brent crude oil for December delivery rose 73 cents to $42.46 a barrel. Wholesale gasoline for November delivery rose 2 cents to $1.16 a gallon. November heating oil rose 2 cents to $1.16 a gallon. November natural gas fell...

Lebanese Prime Minister-Designate Saad Hariri speaks to journalists at the Presidential Palace in Baabda, east of Beirut, Lebanon, Thursday, Oct, 22, 2020. Lebanon's president Michel Aoun asked former premier Saad Hariri to form the country's next government Thursday after he secured enough votes from lawmakers - bringing back an old name to lead the country out of its dire political and economic crises. (AP Photo/Hussein Malla)

For 4th time, Hariri is back as PM in crisis-hit Lebanon

Oct. 22, 2020 12:08 PM EDT

BEIRUT (AP) — Lebanon’s president tasked former Prime Minister Saad Hariri with forming a new government Thursday, bringing back the veteran politician a year after he was toppled amid nationwide protests against widespread corruption and a flunking economy. President Michel Aoun designated Hariri...

Golden Dawn party leader Nikos Michaloliakos, center, leaves his residence in Athens, Thursday, Oct. 22, 2020.A court has sentenced Michaloliakos and the leadership of Greece's extreme-right Golden Dawn party to 13 years in prison, imposing the near-maximum penalty for running a criminal organization blamed for numerous violent hate crimes. The landmark ruling follows a five-year trial of dozens of top officials, members, and supporters of the organization founded as a Neo-Nazi group in the 1980s, that rose to become Greece's third-largest political party during a major financial crisis in the previous decade. (AP Photo/Thanassis Stavrakis)

Greek court imprisons far-right Golden Dawn party leadership

Oct. 22, 2020 11:10 AM EDT

ATHENS, Greece (AP) — Former lawmakers of Greece's extreme right-wing Golden Dawn party began turning themselves in to authorities Thursday, after a court ordered their imprisonment following their convictions for running the party like a criminal organization. In the final act of a marathon five-year,...

A pedestrian walks past an empty business available for lease, Monday, Oct. 12, 2020, in downtown Surfside, Fla.  The pandemic and recession are squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacancy rate for apartments rose to 5% in the third quarter, the highest level in eight years, according to Moody’s Analytics REIS.  (AP Photo/Wilfredo Lee)

Rising vacancies, declining rents squeezing apartment REITs

Oct. 22, 2020 11:00 AM EDT

LOS ANGELES (AP) — The pandemic is squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years. The U.S. vacancy rate for apartments rose to 5% in the third quarter from 4.6% a year earlier, according to Moody’s Analytics REIS....