Financial markets

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
June 25, 2020 - 10:28 pm
BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday. Wall Street closed...
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FILE - This Feb. 2, 2012 file photo shows former lobbyist Jack Abramoff speaking in Washington. U.S. officials say Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure. U.S. Attorney David Anderson said Thursday, June 25, 2020, Abramoff of Silver Spring, Maryland, has agreed to plead guilty to criminal conspiracy charges and could face up to five years in jail. (AP Photo/Charles Dharapak, File)
June 25, 2020 - 8:31 pm
SAN FRANCISCO (AP) — Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday. U.S. Attorney David...
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June 25, 2020 - 12:47 pm
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “...
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FILE - In this Oct. 23, 2019 file photo, developer Danny Gaekwad talks about the roof top bar on his Hilton Garden Inn hotel that is presently under construction in Ocala, Fla. Since the coronavirus crisis started, hotel owners say they are struggling to get relief on a type of loan that Wall Street investors buy. [Doug Engle/Ocala Star-Banner via AP)
June 25, 2020 - 9:20 am
ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that followed lockdowns and travel restrictions in March to stop the spread of the new...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. (AP Photo/Matt Slocum)
June 25, 2020 - 8:52 am
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the pandemic began spread across the U.S. The Commerce Department reported Thursday that the decline in the...
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FILE- In this April 29, 2020 file photo, a couple walks past a GNC store at the company's world headquarters in downtown Pittsburgh. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection and is looking to close at least 800 to 1,200 stores. (AP Photo/Gene J. Puskar, File)
June 24, 2020 - 6:06 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: — U.S. gasoline consumption is more than...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, June 24, 2020. Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world. (AP Photo/Eugene Hoshiko)
June 24, 2020 - 3:39 pm
Wall Street's recent rally hit a snag Wednesday as new coronavirus cases in the U.S. climbed to the highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround. The S&P 500 skidded 2.6%, shedding its gains for the week and leaving it nearly in the red for...
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FILE - In this Feb. 14, 2020, file photo, Kristalina Georgieva, Managing Director of the International Monetary Fund, attends a session on the first day of the Munich Security Conference in Munich, Germany. The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. (AP Photo/Jens Meyer, File)
June 24, 2020 - 12:58 pm
WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year,...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 23, 2020. Asian shares were mostly higher on Tuesday, tracking a late rally on Wall Street led by technology shares. (AP Photo/Vincent Yu)
June 23, 2020 - 2:21 pm
Stocks headed higher in afternoon trading on Wall Street Tuesday, as investors focus on the prospects for an economic recovery as more businesses reopen after being shut down due to the coronavirus pandemic. The S&P 500 was up 0.8%, extending gains from a day earlier and on pace for its third...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo March 13, 2020. Asian shares were mostly higher on Tuesday, June 23, 2020, tracking a late rally on Wall Street led by technology shares. (AP Photo/Eugene Hoshiko)
June 22, 2020 - 10:44 pm
TOKYO (AP) — Asian shares were mostly higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 surged 0.8% to 22,621.84. Hong Kong's Hang Seng index jumped 0.9% to 24,728.76 and South Korea's...
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