Latest Financial markets News

Stocks fall broadly, head for worst quarter since early 2020

Jun. 30, 2022 12:04 PM EDT

NEW YORK (AP) — Stocks fell broadly in midday trading on Wall Street Thursday and are on track to cap off their worst quarter since the early days of the pandemic. The S&P 500 fell 0.7% as of 11:57 a.m. Eastern. The benchmark index has been on a dismal streak that dragged it...

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...

Crypto rules to make Europe a global leader as prices plunge

Jun. 30, 2022 11:08 AM EDT

LONDON (AP) — Europe prepared 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. The European Union took a first step late Wednesday by...

Martin-Green, Kate Mulgrew, compare 'Star Trek' stories

Jun. 30, 2022 11:03 AM 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...

Sri Lanka crisis gives India chance to gain sway vs China

Jun. 30, 2022 01:13 AM EDT

NEW DELHI (AP) — Sri Lanka's strategic location has attracted outsized interest in the small island nation from regional giants China and India for more than a decade, with Beijing and its free-flowing loans and infrastructure investments widely seen as having gained the upper hand in the quest...

Asia stocks mixed after Wall St down, China manufacturing up

Jun. 29, 2022 23:48 PM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street's benchmark S&P 500 index edged...

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Jun. 29, 2022 21:08 PM EDT

COLOMBO, Sri Lanka (AP) — Chamila Nilanthi is tired of all the waiting. The 47-year-old mother of two spent three days lining up to get kerosene in the Sri Lankan town of Gampaha, northeast of the capital Colombo. Two weeks earlier, she spent three days in a queue for cooking gas — but came...

Puerto Rico sets 7th electric rate increase in just a year

Jun. 29, 2022 19:35 PM EDT

SAN JUAN, Puerto Rico (AP) — Officials in Puerto Rico announced another electric rate increase Wednesday, the seventh in a year amid continuing power outages and the U.S. territory's economic crisis. For a client that consumes 800 kilowatt hours, the new rate will be 33 cents per...

How major US stock indexes fared Wednesday 6/29/2022

Jun. 29, 2022 16:37 PM EDT

Stocks ended mostly lower on Wall Street Wednesday, keeping the market on track for its fourth monthly loss this year. The S&P 500 index has been volatile all week, and is down 20% for the year as investors worry about inflation and rising interest rates. Small company stocks...

Closing prices for crude oil, gold and other commodities

Jun. 29, 2022 15:38 PM EDT

Benchmark U.S. crude oil for August delivery fell $1.98 to $109.78 a barrel Wednesday. Brent crude for August delivery fell $1.72 to $116.26 a barrel. Wholesale gasoline for July delivery fell 11 cents to $3.83 a gallon. July heating oil fell 16 cents to $4.04 a gallon. August...