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European Central Bank faces gloomier picture for economy
FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep...
Editorial Roundup: New York
Recent editorials of statewide and national interest from New York’s newspapers: Biden’s Stimulus Plan Will Bring Relief, but There’s One Flaw The New York Times Jan. 19 Joe Biden will take the oath of office as the 46th president of the United States on Wednesday in the center of a city...
Biden charts new US direction, promises many Trump reversals
WASHINGTON (AP) — Stop. Stabilize. Then move — but in a vastly different direction. President-elect Joe Biden is pledging a new path for the nation after Donald Trump’s four years in office. That starts with confronting a pandemic that has killed 400,000 Americans and extends to sweeping...
Asian shares mixed following Biden speech, Wall St retreat
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden...
US long-term mortgage rates rise; 30-year at 2.79%
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over. Home loan rates touched new record lows last week, as the year opened against the continuing backdrop of damage from the coronavirus pandemic on the U.S. and global...
Mortgage rates poised to rise as U.S. Treasury yields surge
LOS ANGELES (AP) — The long period of record-low rates on home loans could soon be over. Long-term bond yields, which can influence interest rates on mortgages and other consumer loans, are climbing this month amid expectations of higher U.S. government spending on pandemic relief and an economy recovery...
Asian shares mixed after lackluster day on Wall Street
Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai. U.S. futures were trading slightly higher after the U.S. House of...
Asian stocks gain as markets watch for Biden stimulus plan
BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...
Sudan says it signs pact on normalizing ties with Israel
CAIRO (AP) — Sudan on Wednesday said it had signed an agreement with the United States that paves the way for the cash-strapped African nation to normalize relations with Israel and help clear some of its massive debt to the World Bank. Justice Minister Nasredeen Abdulbari signed the deal with visiting...
New governor sworn in as a wary Puerto Rico demands changes
SAN JUAN, Puerto Rico (AP) — Pedro Pierluisi vowed to achieve statehood for Puerto Rico and fight against poverty, corruption and COVID-19 after he was sworn in Saturday as the U.S. territory’s new governor. Pierluisi, a Democrat who previously served as Puerto Rico’s representative in...
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