Financial markets

A masked worker at this state WIN job center in Pearl, Miss., holds an unemployment benefit application form as she waits for a client, Tuesday, April 21, 2020. The job centers lobbies are closed statewide to prevent the spread of COVID-19. However the continuing growth of unemployment demands and now additional assistance for self-employed, church employees, gig workers, and others who were previously ineligible for unemployment assistance has drawn some people to the centers for information and to obtain and submit unemployment benefit applications. (AP Photo/Rogelio V. Solis)
April 23, 2020 - 8:29 am
WASHINGTON (AP) — More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday. Roughly 26 million people have now filed for jobless aid in the five weeks since the...
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Virgin Australia planes are lined up at departure gates at Sydney Airport in Sydney, Wednesday, April 22, 2020. Virgin Australia is seeking bankruptcy protection, entering voluntary administration after a debt crisis worsened by the coronavirus shutdown pushed it into insolvency. (AP Photo/Rick Rycroft)
April 22, 2020 - 11:09 pm
CANBERRA. Australia (AP) — Virgin Australia has become the world’s largest airline to seek bankruptcy protection in the weeks since the coronavirus shutdown created a debt crisis. A look at Australia’s second-largest airline’s predicament and what it means for other airlines: WHY IT SOUGHT...
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A man wearing a mask against the spread of the new coronavirus walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 23, 2020. Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. (AP Photo/Eugene Hoshiko)
April 22, 2020 - 10:55 pm
TOKYO (AP) — Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Japan's benchmark Nikkei 225 added 1.2% to 19,370.42 in morning trading, while South Korea’s Kospi rose 06% to 1,907.92. Australia’s S&P/ASX 200...
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FILE - In this Aug. 13, 2019, file photo, students walk past the statue of John Harvard in Harvard Yard at Harvard University in Cambridge, Mass. U.S. Education Secretary Betsy DeVos on Wednesday, April 22, 2020, urged the nation's richest colleges, including Harvard, to reject federal funding that was allotted to them in the government's multi-trillion dollar coronavirus rescue package. (AP Photo/Charles Krupa, File)
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April 22, 2020 - 9:25 pm
CAMBRIDGE, Mass. (AP) — Harvard University announced Wednesday it will turn down $8.7 million in federal coronavirus relief, a day after President Donald Trump excoriated the wealthy Ivy League school over taxpayer money it stood to receive. Similar action was taken at Stanford, Princeton and Yale...
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Oil tank train cars sit idle Tuesday, April 21, 2020, in East Chicago, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month. (AP Photo/Charles Rex Arbogast)
April 21, 2020 - 11:03 pm
BEIJING (AP) — Asian stock markets fell further Wednesday as oil prices recovered some of their record-setting losses amid anxiety about the coronavirus pandemic's mounting economic damage. Benchmarks in Tokyo, Hong Kong and Southeast Asia retreated while Shanghai was little-changed after Wall...
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Volunteers for the Edible London food project remove the plastic packaging and check the quality of donated bananas to be put in food packs and delivered to residents who need it in the Haringey Council area, at a hub setup as a result of coronavirus inside the Alexandra Palace venue, in north London, Tuesday, April 21, 2020. The highly contagious COVID-19 coronavirus has impacted on nations around the globe, many imposing self isolation and exercising social distancing when people move from their homes. (AP Photo/Matt Dunham)
April 21, 2020 - 4:34 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the global economy, the work place and the spread of the virus. ________________________ OPEN: There has been a lot of controversy over when it will be...
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Petroleum storage tanks at the BP Indiana Tank Field are seen behind a security gate Tuesday, April 21, 2020, in Whiting, Ind. The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to have delivered next month.(AP Photo/Charles Rex Arbogast)
April 21, 2020 - 3:58 pm
NEW YORK (AP) — A barrel of oil now costs less than a cheap bottle of wine. U.S. benchmark crude was trading as low as $6.50 a barrel Tuesday, more than 80% lower than the start of the year. The dizzying drop reflected stark suffering in the global economy that has left vastly diminished demand for...
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FILE - In this March 28, 2019, file photo, a large flag is unfurled during the national anthem before an opening day baseball game between the New York Yankees and the Baltimore Orioles at Yankee Stadium in New York. Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.(AP Photo/Seth Wenig, File)
April 21, 2020 - 9:32 am
LOS ANGELES (AP) — A pair of fans in New York sued Major League Baseball, Commissioner Rob Manfred and the 30 teams, asking for their money back for tickets and for certification of class-action status. The lawsuit was filed Monday in U.S. District Court in Los Angeles by Matthew Ajzenman, who said...
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In this Friday, April 17, 2020, photo, Chris Petersen looks at a Berkshire hog in a pen on his farm near Clear Lake, Iowa. COVID-19, the disease caused by the coronavirus, has created problems for all meat producers, but pork farmers have been hit especially hard. (AP Photo/Charlie Neibergall)
April 21, 2020 - 7:30 am
DES MOINES, Iowa (AP) — After enduring extended trade disputes and worker shortages, U.S. hog farmers were poised to finally hit it big this year with expectations of climbing prices amid soaring domestic and foreign demand. Instead, restaurant closures due to the coronavirus have contributed to an...
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April 21, 2020 - 5:25 am
BERLIN (AP) — SAP co-chief executive Jennifer Morgan is leaving her job only six months after becoming the first female CEO of a company on Germany's DAX index of blue-chip stocks, the business software maker said Tuesday. Christian Klein, the other half of the leadership tandem that was appointed...
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