Latest Debt and bond markets News

Farmers of color sue government for promised federal aid

Dec. 06, 2022 11:22 AM EST

DES MOINES, Iowa (AP) — The federal government has illegally broken a promise to pay off the debts of a group of Black farmers, according to a class-action lawsuit. The group hopes to put pressure on officials to keep their word and to restore funding that was dropped after a group of white...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

El Salvador to repurchase more of its debt

Nov. 29, 2022 19:41 PM EST

SAN SALVADOR, El Salvador (AP) — El Salvador’s government announced Tuesday that it will make a second buyback of its sovereign debt bonds maturing in 2023 and 2025 as it tries to calm market concerns that it could default on its debt. The government set the maximum for the...

Editorial Roundup: Missouri

Nov. 29, 2022 07:17 AM EST

Kansas City Star. November 28, 2022. Editorial: Missouri’s Jay Ashcroft aims to ‘hold libraries accountable,’ opening door to book bans A new rule proposed by Missouri Secretary of State Jay Ashcroft could kick open the door for special interest groups to...

How major US stock indexes fared Friday 11/18/2022

Nov. 18, 2022 16:26 PM EST

Stocks ended higher on Wall Street but still wound up with weekly losses after several days of bumpy trading. Some retailers posted big gains after reporting surprisingly strong quarterly results and giving investors encouraging forecasts. Gap, Ross Stores and Foot Locker all rose...

EU proposes more forgiving debt plans a decade after crisis

Nov. 09, 2022 10:25 AM EST

BRUSSELS (AP) — The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and several other countries during the debt crises a decade ago and helped push millions into poverty, homelessness and...

Major banks support rainforest oil project despite problems

Nov. 04, 2022 14:49 PM EDT

LONDON (AP) — In the Putumayo region of the Colombian Amazon, Segundo Meneses' daily routine took him to the Chufiya river, its banks verdant and waters alive with catfish and piranha. On one morning seven years ago, he noticed a dark film lapping the shore. Where the river turned a bend, it...

How major US stock indexes fared Thursday 11/3/2022

Nov. 03, 2022 16:37 PM EDT

Stocks slipped on Wall Street and Treasury yields again rose to multiyear highs a day after the Federal Reserve indicated that its fight against inflation is far from over. The S&P 500 fell 1.1% Thursday. The Nasdaq composite and the Dow also fell. Technology stocks were among...

Text of the Federal Reserve's policy statement Wednesday

Nov. 02, 2022 15:15 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains...

How steep fed rate hikes affect your finances

Nov. 02, 2022 14:34 PM EDT

NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings rates are slightly juicier, though. As the Federal Reserve steadily increases interest rates, many economists say they fear that a recession remains inevitable in the...