Latest Financial markets News

Japan jumps, rest of Asia down, on China and virus concerns

Sep. 24, 2021 03:13 AM EDT

TOKYO (AP) — Japan’s benchmark advanced but other Asian markets were lower Friday amid concerns over troubled Chinese real estate developer Evergrande and the pandemic. Some Chinese banks have disclosed what they are owed by Evergrande, seeking to dispel fears of...

Chinese banks try to calm fears about developer's debts

Sep. 24, 2021 01:35 AM EDT

BEIJING (AP) — Seeking to dispel fears of financial turmoil, some Chinese banks are disclosing what they are owed by a real estate developer that is struggling under $310 billion in debt, saying they can cope with a potential default. The announcements came as...

Asian shares mixed on China developer, virus concerns

Sep. 23, 2021 23:41 PM EDT

TOKYO (AP) — Asian shares were mixed Friday amid concerns over troubled Chinese real estate developer Evergrande and over the pandemic. Japan’s benchmark jumped after reopening from Thursday’s national holiday, but shares were little changed in South Korea and...

How major US stock indexes fared Thursday

Sep. 23, 2021 16:31 PM EDT

Stocks rose broadly for a second day in a row on Wall Street Thursday, reversing the market’s losses for the week just three days after the S&P 500 had its biggest skid since May. The S&P 500, Dow Jones Industrial Average and Nasdaq rose. Investors were pleased...

Salesforce.com, Darden rise; Steelcase, Rite Aid fall

Sep. 23, 2021 16:18 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: H.B. Fuller Co., up $4.76 to $65.19. The adhesives company beat Wall Street's fiscal third-quarter revenue forecasts. Steelcase Inc., down 65...

Closing prices for crude oil, gold and other commodities

Sep. 23, 2021 15:30 PM EDT

Benchmark U.S. crude oil for November delivery rose $1.07 to $73.30 a barrel Thursday. Brent crude oil for November delivery rose $1.06 to $77.25 a barrel. Wholesale gasoline for October delivery rose 5 cents to $2.17 a gallon. October heating oil rose 4 cents to $2.25 a...

Inflation forces homebuilders to take it slow, raise prices

Sep. 23, 2021 14:20 PM EDT

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...

Turkish central bank bows to Erdogan's pressure to cut rates

Sep. 23, 2021 08:40 AM EDT

ISTANBUL (AP) — Turkey’s Central Bank unexpectedly cut the main interest rate by one percentage point on Thursday, bowing to President Recep Tayyip Erdogan’s demand for lower borrowing rates to boost growth. The bank’s monetary committee cut the policy rate from...

Mideast in shambles, but the world has moved on for now

Sep. 23, 2021 02:12 AM EDT

BEIRUT (AP) — There was a time not long ago when uprisings and wars in the Arab world topped the agenda at the U.N. General Assembly meetings in New York. With most of those conflicts in a stalemate, the world’s focus has shifted to more daunting global challenges...

EXPLAINER: Why the debt limit is again roiling Washington

Sep. 23, 2021 00:32 AM EDT

WASHINGTON (AP) — The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about? The debt limit is a nearly century-old artificial cap that Congress placed on the U.S. government's ability to...