Latest Economic stimulus News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 28, 2021. Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October.(AP Photo/Ahn Young-joon)

Asian shares drop after US stocks' worst day since October

Jan. 27, 2021 9:59 PM EST

TOKYO (AP) — Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. Benchmarks in Japan, South Korea, Australia and China declined Thursday. The region is looking ahead to earnings season for a...

A woman cycles past by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 27, 2021. Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)

Asian shares mixed following lackluster day on Wall Street

Jan. 26, 2021 11:59 PM EST

Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Benchmarks logged moderate gains in Hong Kong and Tokyo, but were flat in Sydney and Shanghai. Australian shares declined. Markets have meandered since last week as investors weighed solid corporate earnings results against renewed...

President Joe Biden speaks during an event on American manufacturing, in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Biden more bullish on vaccines, open to 1.5M daily shot goal

Jan. 26, 2021 6:07 AM EST

WASHINGTON (AP) — President Joe Biden appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day. Biden signaled on Monday his increasing bullishness on the pace of vaccinations after signing...

UN forecasts 4.7% global economic growth in 2021

Jan. 25, 2021 9:03 PM EST

UNITED NATIONS (AP) — The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The...

President Joe Biden speaks during an event on American manufacturing, in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)

Biden more bullish on vaccines, open to 1.5M daily shot goal

Jan. 25, 2021 6:40 PM EST

WASHINGTON (AP) — President Joe Biden on Monday appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day. Biden signaled his increasing bullishness on the pace of vaccinations after signing...

In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)

Mixed finish on Wall Street as worldwide rally takes a pause

Jan. 22, 2021 4:51 PM EST

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for the week. The...

President Joe Biden signs executive orders on the economy in the State Dining Room of the White House, Friday, Jan. 22, 2021, in Washington. Vice President Kamala Harris looks on at left. (AP Photo/Evan Vucci)

Biden's executive actions for economic relief at a glance

Jan. 22, 2021 3:57 PM EST

WASHINGTON (AP) — President Joe Biden signed a pair of executive orders Friday aimed at offering a quick dose of relief to an economy still being hammered by the coronavirus. Both measures were largely stopgaps as Congress considers a $1.9 trillion stimulus plan from Biden. The orders aim to increase food...

Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)

European Central Bank stimulus on track as economy struggles

Jan. 21, 2021 10:51 AM EST

FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine Lagarde told...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. (AP Photo/Ahn Young-joon)

Asian shares rise on optimism for more stimulus from Biden

Jan. 20, 2021 11:07 PM EST

TOKYO (AP) — Asian shares rose Thursday on optimism over the new U.S. administration that earlier set off a rally on Wall Street. Hopes are high that President Joe Biden's administration will mean more support for the struggling U.S. economy, setting off a recovery that's crucial for the export-driven...

People are reflected on the electronic board of a securities firm in Tokyo, Wednesday, Jan. 20, 2021. Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as president, ending President Donald Trump’s four-year term. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. (AP Photo/Koji Sasahara)

Japan shares fall on pandemic worries as rest of Asia rises

Jan. 19, 2021 10:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia's...