Financial markets

May 05, 2020 - 4:38 pm
BELLE PLAINE, Kan. (AP) — The attorneys general for 11 Midwestern states urged the Justice Department on Tuesday to pursue a federal investigation into market concentration and potential price fixing by meatpackers in the cattle industry during the coronavirus pandemic. In a letter to U.S. Attorney...
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A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)
May 05, 2020 - 1:30 pm
FRANKFURT, Germany (AP) — Germany's highest court cast doubt on key eurozone stimulus efforts by giving the European Central Bank three months to prove that its key bond-buying program is justified and appropriate. If it doesn't make that showing, the court ruled, Germany's own national central...
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McCormick Cafe manager Charli Perry, left, looks over an order with server Jane Goodridge as the restaurant reopened Monday, May 4, 2020 in Billings, Mont. The state is slowly opening up its economy as some other states extend shutdowns prompted by the coronavirus. (AP Photo/Matthew Brown)
May 05, 2020 - 10:38 am
WASHINGTON (AP) — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.8 in April, compared with a March reading of 52.5. Any...
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People wearing face masks walk past a bank electronic board showing the Hong Kong share index Tuesday, May 5, 2020. Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies. (AP Photo/Vincent Yu)
May 04, 2020 - 11:13 pm
BANGKOK (AP) — Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies. Shares rose in Hong Kong, Sydney and Singapore. Markets in Shanghai and Tokyo were closed for a holiday. Wall...
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This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)
May 04, 2020 - 4:49 pm
WASHINGTON (AP) — The economic paralysis triggered by the coronavirus pandemic is forcing the U.S. Treasury to borrow far more than it ever has before — $2.99 trillion in the current quarter alone. The amount is more than five times the government’s previous record borrowing for a quarter, $569...
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FILE - In this Thursday, Nov. 2, 2017 file photo, World Rugby Chairman Bill Beaumont speaks beside the Webb Ellis Cup during an interview before the match schedule announcement for the 2019 Rugby World Cup in Tokyo. Bill Beaumont and Agustin Pichot are vying to become chairman of World Rugby amid trying times for the sport because of the coronavirus outbreak and the growing discussion about a global calendar to unify the international game. (AP Photo/Shizuo Kambayashi, File)
May 03, 2020 - 2:49 pm
Confronting and managing an unprecedented financial crisis. Uniting the northern and southern hemispheres in one global calendar. Maintaining the growth of the women’s and sevens games. All while not even knowing exactly when rugby can return following the coronavirus outbreak. Bill Beaumont has...
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FILE - In this Dec. 17, 2019 file photo, U.N. Secretary-General Antonio Guterres attends the UNHCR - Global Refugee Forum at the European headquarters of the United Nations in Geneva, Switzerland. When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response. The financial crisis gave birth to the leaders’ summit of the Group of 20, the world’s richest countries responsible for 80% of the global economy. But when Guterres proposed ahead of their summit in late March that G-20 leaders adopt a “wartime” plan and cooperate on the global response to suppress the virus, there was no response (Salvatore Di Nolfi/Keystone via AP, File)
May 03, 2020 - 11:46 am
UNITED NATIONS (AP) — When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response: no leader, no united action to stop the spread of the new...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
May 02, 2020 - 8:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall Street ended its best month in 33 years with losses on fresh news of economic carnage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
May 01, 2020 - 2:44 pm
Stocks headed broadly lower on Wall Street Friday after Amazon and other big companies reported disappointing results, the latest evidence of how the coronavirus pandemic is hobbling the economy and hurting corporate earnings. A day after closing out its best month since 1987, the S&P 500 was...
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A man rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 30, 2020. Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the U.S. economy had logged its worst quarterly performance since 2009. (AP Photo/Eugene Hoshiko)
April 30, 2020 - 4:20 pm
A crush of dismal data about the economy helped send markets lower Thursday, a meek ending to a historic, juggernaut month for stocks. The S&P 500 fell 0.9% after reports showed millions more U.S. workers filed for unemployment benefits last week and the European economy crumpled to its worst...
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