Latest Financial markets News

New York officials rule against bitcoin-mining power plant

Jul. 01, 2022 00:04 AM EDT

ALBANY, N.Y. (AP) — New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state's climate goals. The permitting decision was another example of New York putting the brakes on a cryptocurrency...

Asian shares mostly lower after pessimistic 'tankan' survey

Jun. 30, 2022 23:50 PM EDT

TOKYO (AP) — Asian benchmarks were mostly lower on Friday, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy. Recent data suggest global growth is slowing as countries grapple with...

El Salvador's Bitcoin-boosting leader buys $1.5 million more

Jun. 30, 2022 23:40 PM EDT

SAN SALVADOR, El Salvador (AP) — El Salvador’s Bitcoin-boosting president was back at it again Thursday, doubling down on his country’s losing investment in the cryptocurrency by buying over $1.5 million more. President Nayib Bukele wrote on his Twitter acount after posting...

Alabama bond sale for mega prisons falls $200 million short

Jun. 30, 2022 19:43 PM EDT

MONTGOMERY, Ala. (AP) — Alabama officials said Thursday that they will move forward with plans to build two supersize prisons despite a bond sale falling more than $200 million short amid a volatile market and pressure from activists. The Alabama Corrections Institution Finance...

Crypto rules to make Europe a global leader as prices plunge

Jun. 30, 2022 18:40 PM EDT

LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details...

From stocks to crypto, a punishing six months for investors

Jun. 30, 2022 17:23 PM EDT

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time...

How major US stock indexes fared Thursday 6/30/2022

Jun. 30, 2022 16:40 PM EDT

Stocks fell again on Wall Street Thursday, closing out the worst quarter for the market since the onset of the pandemic in early 2020. The S&P 500 fell and is now down 21% since hitting a record high at the beginning of the year, having entered a bear market earlier in June. The...

Closing prices for crude oil, gold and other commodities

Jun. 30, 2022 16:02 PM EDT

Benchmark U.S. crude oil for August delivery fell $4.02 to $105.76 a barrel Thursday. Brent crude for August delivery fell $1.45 to $114.81 a barrel. Wholesale gasoline for July delivery fell 18 cents to $3.65 a gallon. July heating oil fell 14 cents to $3.90 a gallon. August natural...

Sonequa Martin-Green, Kate Mulgrew share 'Star Trek' stories

Jun. 30, 2022 13:42 PM EDT

LONDON (AP) — After light years in space, actors Sonequa Martin-Green and Kate Mulgrew are meeting up on Earth to compare “Star Trek” stories. Martin-Green, as Michael Burnham, is at the helm of “Star Trek: Discovery” which is headed for a fifth season. While Mulgrew was...

Qatar donates $60 million to Lebanon's army during crisis

Jun. 30, 2022 11:46 AM EDT

BEIRUT (AP) — Qatar has donated $60 million to the Lebanese army, hard hit by the Mediterranean nation's unprecedented economic meltdown, Qatar News Agency reported Thursday. The announcement came shortly after Qatar's Foreign Minister Mohammad bin Abdulrahman Al Thani arrived in...