Financial services

Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 2:31 pm
WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an...
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Stock traders John Santiago, left, and Paul Cosentino work at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
September 18, 2019 - 1:56 pm
Stocks declined broadly on Wall Street Wednesday afternoon after the Federal Reserve cut its benchmark interest rate for a second time this year. Investors expected the rate cut, but may have been disappointed by apparent disagreement among Fed officials about their future rate policy. In a...
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Floor governor Michael Smyth works at the New York Stock Exchange, Wednesday, Sept. 18, 2019. The Federal Reserve is expected to announce its benchmark interest rate later in the day. (AP Photo/Mark Lennihan)
September 18, 2019 - 1:50 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 2:50 p.m. Stocks are dropping after the Federal Reserve cuts its benchmark interest rate for a second time this year but didn't provide investors with concrete clues about what the future holds. The Dow Jones...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
September 18, 2019 - 1:43 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:30 p.m. Stocks are dropping after the Federal Reserve cuts its benchmark interest rate for a second time this year and didn't provide investors with concrete clues about what the future holds. The Dow...
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FILE - In this Monday, April 10, 2017 file photo, the chief of the Ukrainian Central Bank Valeria Gontareva makes a statement on her resignation during a press conference in Kyiv, Ukraine. Police said in a statement on Tuesday Sept. 17, 2019, that they are investigating a suspected arson attack late Monday on the house of Valeria Gontareva outside the capital, Kyiv, in the third chilling incident concerning the banker. (AP Photo/Sergei Chuzavkov, File)
September 17, 2019 - 7:58 am
MINSK, Belarus (AP) — The home of Ukraine's former central bank chief has been burned to the ground, the third chilling incident involving the banker over the past few weeks. Police said in a statement Tuesday that they are investigating a suspected arson attack late Monday on the house of Valeria...
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Greece's Prime Minister Kyriakos Mitsotakis center left, and Greek Finance Minister Christos Staikouras, center right, arrive at a meeting in Athens, on Wednesday, Sept. 11, 2019. Mitsotakis chaired Wednesday a meeting of cabinet ministers on economic policy. (AP Photo/Petros Giannakouris)
September 16, 2019 - 1:03 pm
ATHENS, Greece (AP) — Greece has asked its European creditors to approve the early repayment of part of its bailout loans from the International Monetary Fund, the country's finance minister said Monday. Christos Staikouras said paying off the IMF loans ahead of schedule would reduce debt servicing...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. Federal Reserve Chairman Jerome Powell said Friday, Sept. 6, 2019 that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as appropriate to sustain the expansion."(AP Photo/Manuel Balce Ceneta, File)
September 16, 2019 - 11:37 am
WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald Trump's trade war with China. After that, no one — not even the Fed itself — seems sure what it will...
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John Wilson, with the New York Stock Exchange, monitors stock activity, Monday, Sept. 16, 2019. Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. (AP Photo/Mark Lennihan)
September 16, 2019 - 10:36 am
NEW YORK (AP) — Stock markets around the world took an apprehensive step backward Monday after an attack on Saudi Arabia's biggest oil processing facility sent the price of oil surging. The attack, which Yemeni rebels said they were behind, raised worries about the risk of more disruptions for oil...
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FILE - In this Monday, Jan. 28, 2019 photo, a man holds a sign at a rally before a California Public Utilities Commission meeting in San Francisco. Pacific Gas & Electric has agreed to pay $11 billion to a group of insurance companies representing most of the claims from Northern California wildfires in 2017 and 2018 as the company tries to emerge from bankruptcy, the utility announced Friday, Sept. 13, 2019.(AP Photo/Jeff Chiu, File)
September 13, 2019 - 3:53 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric has agreed to pay $11 billion to a group of insurance companies representing claimants from deadly Northern California wildfires in 2017 and 2018 as the company tries to emerge from bankruptcy, the utility announced Friday. The utility said in a...
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FILE - In this March 2, 2018 file photo, a worker cleans big machine parts of presses manufacturer Schüler AG in Goeppingen, Germany. German factory orders, a leading indicator of the health of Europe's biggest economy, dropped strongly in July, erasing gains from the previous month. The Federal Statistical Office reported Thursday industrial orders dropped 2.7% in July over June when adjusted for seasonal and calendar factors, wiping out a 2.7% June increase. (Marijan Murat/dpa via AP)
September 12, 2019 - 4:19 pm
WASHINGTON (AP) — The Federal Reserve and the European Central Bank are struggling mightily to invigorate their economies at a time when growth is slowing, governments remain on the sidelines and the banks' usual stimulative tools appear less effective than in the past. On Thursday, the ECB...
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