Latest Financial markets News

Stocks mixed ahead of Fed, oil dips on Saudi output recovery

Sep. 18, 2019 8:24 AM EDT

BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...

The Latest: NY Fed enters overnight lending markets, again

Sep. 18, 2019 8:17 AM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 8:15 a.m. For the second time in as many days, the Federal Reserve Bank of New York is stepping in to free up billions of dollars to avert spiking overnight borrowing costs. The New York Fed on Tuesday infused...

Oil price drops further on hope for recovery of Saudi output

Sep. 18, 2019 5:12 AM EDT

LONDON (AP) — The price of oil fell back further on Wednesday after the Saudi government said half of production that was knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude was down 42 cents to $58.92 per barrel in electronic trading Wednesday. The contract fell...

China releases stockpiled pork to cool price surge

Sep. 18, 2019 2:29 AM EDT

BEIJING (AP) — China's government is releasing pork from stockpiles to help cool surging prices ahead of Oct. 1 celebrations of the Communist Party's 70th anniversary in power. The price of pork, China's staple meat, has soared almost 50% from a year ago due to a devastating outbreak of African swine fever...

How major US stock indexes fared Tuesday

Sep. 17, 2019 5:16 PM EDT

U.S. stock indexes ticked closer to record heights on Tuesday, as oil prices gave back nearly half their day-earlier gains. Treasury yields fell as the Federal Reserve opened a two-day meeting where it's expected to announce a second rate cut in as many months. On Tuesday: The S&P 500 rose 7.73 points, or...

Chipotle, Cracker Barrel rise while Corning, SeaWorld fall

Sep. 17, 2019 4:33 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. Corning Inc., down $1.82 to $28.23 The glassmaker warned investors that weak demand will likely hurt two of its units. SeaWorld Entertainment Inc., down $1.56 to $28.52 The theme park operator's CEO, Gustavo Antorcha, resigned...

Markets Right Now: Stocks notch small gains; oil falls

Sep. 17, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing a lackluster session Tuesday with small gains as investors await a Federal Reserve decision on interest rates. The Fed concludes a policy meeting Wednesday and is expected to announce its second...

Stocks mixed, oil down as markets await news on Saudi plant

Sep. 17, 2019 8:01 AM EDT

BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency Moody's downgraded Hong Kong, citing its...

Asian shares weaker after spike in crude oil rattles market

Sep. 17, 2019 12:48 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. The U.S. and international benchmarks for crude fell back slightly after vaulting more...

Oil prices jump as attack on Saudi plant jolts supply

Sep. 16, 2019 7:35 PM EDT

Global energy prices spiked more than 14% Monday after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record. It was an increase on par with the 1991 Gulf War and analysts said heightened tensions in the Middle East could keep prices elevated for the...