U.S. Seeks $850B Economic Stimulus Amid Coronavirus Crisis
2020-03-17 15:37:45 UTC
<p>WASHINGTON (AP) — The White House was asking Congress on Tuesday to approve a sweeping emergency stimulus package to help businesses and taxpayers cope with the economic fallout of the coronavirus pandemic. It’s the most far-reaching economic rescue package since the Great Recessio...
Global Stocks Fall Sharply as Virus Cases Spread Around the World
2020-03-16 20:33:23 UTC
NEW YORK (AP) — Stocks fell sharply around the world Monday as the coronavirus forced huge swaths of the economy to the edge of a standstill, from parked airplanes to the nearly empty restaurant around the corner.
The Dow industrials took a 2,999-point nosedive on Monday as fears deepen that ...
Global Shares Plunge: Worst Day Since '87
2020-03-13 02:06:33 UTC
<p>NEW YORK (AP) — Shares have plunged in Asia, with Japan’s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. </p><p>Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the mel...
Bear Market: Dow dives more than 1,400 points
2020-03-11 20:19:29 UTC
<p>NEW YORK (AP) — Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. The Dow has now fallen 20% from its recent high, a...
Stocks Rise in Turbulent Trading a Day After Selloff
2020-03-10 19:47:33 UTC
NEW YORK (AP) — Wall Street endured another day of dizzying trading Tuesday, whipping up and down with hopes that the U.S. and other governments will cushion the economy from the pain of the coronavirus.
The S&P 500 surged as much as 3.7% in the morning and recouped nearly half its historic dr...
Black Monday: Shock To Oil Also Rattled Stock Markets
2020-03-09 14:09:42 UTC
NEW YORK (AP) — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus.
The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks and bond yields were near...
Coronavirus Fuels Dramatic Fall in Oil Price
2020-03-09 01:49:08 UTC
<p>NEW YORK (AP) — Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.</p><p>Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday a...
Nothing Can Pull Markets Out From Undertow
2020-03-06 20:41:47 UTC
<p>NEW YORK (AP) — Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up. </p><p>Even a better-than-expected <a href="https://apnews.com/1d187742ff0d4a44bf235fd00c665fb7">report on U.S. jobs</...
Bernie Sanders Wins Big in California Primary
2020-03-04 05:35:07 UTC
WASHINGTON (AP) — A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transf...
Dow Jones Falls Nearly 1,200 Points
2020-02-27 21:12:47 UTC
The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havov on the global economy. Bond prices soared again as investors sought safe places to park money, sending the yield on the 10-y...
Joe Biden Downplays Expectations of New Hampshire Primary
2020-02-10 19:05:40 UTC
MANCHESTER, N.H. (AP) — Democratic presidential candidate Joe Biden and his top backers are downplaying expectations on the eve of New Hampshire’s first-in-the-nation primary, while his rivals for the nomination look to the Granite State for a new springboard.
“You’ve got to get 1,900 delegate...
Mitt Romney Says He Will Vote to Convict Trump
2020-02-05 19:39:14 UTC
WASHINGTON (AP) — President Donald Trump is on the verge of acquittal by the Senate, bringing an end to only the third presidential impeachment trial in American history in a vote at the start of the tumultuous campaign for the White House.
A majority of senators have now expressed unease with...
Twitter to Label Deepfakes and Other Deceptive Media
2020-02-04 21:40:28 UTC
Reuters) - Twitter (TWTR.N) said on Tuesday it would start applying a label to tweets containing synthetic or deceptively edited forms of media, as social media platforms brace for a potential onslaught of misinformation ahead of the 2020 presidential election.
The company also said it would r...
Stock Market Falls as Coronavirus Continues to Spread
2020-01-31 20:45:32 UTC
NEW YORK (Reuters) - Wall Street’s major averages tumbled more than 1% on Friday as the spreading coronavirus outbreak along with sluggish U.S. economic data and a mixed batch of corporate earnings fueled concerns about global growth.
The S&P 500 .SPX is down nearly 3% from its closing high hi...
EU Parliament Gives Final Approval to Brexit Deal
2020-01-29 18:07:08 UTC
BRUSSELS (Reuters) - The European Parliament on Wednesday gave its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday.
The chamber broke into singing Auld Lang Syne, a traditional Scottish song to bid farewell, after voting 621 for versus ...
Russian Troops to Fill Void Left by US in Syria
2019-10-23 00:55:16 UTC
SOCHI, Russia/ANKARA (Reuters) - Syrian and Russian forces will deploy in northeast Syria to remove Kurdish YPG fighters and their weapons from the border with Turkey under a deal agreed on Tuesday which both Moscow and Ankara hailed as a triumph.
Hours after the deal was announced, the Turkis...
US Will Betray Kurds Again
2019-10-07 23:06:05 UTC
For decades, the United States has maintained a curious relationship with the Kurds. Americans have historically enlisted them to help fight in the Middle East, only to turn on them in the end. Despite a history of betrayal, the Kurds have yet again become an important long ally in the fight agai...
Weak US Economic Data Weighs on Global Market
2019-10-03 16:56:45 UTC
NEW YORK (Reuters) - Weaker-than-expected U.S. economic data weighed on global financial markets on Thursday, leaving world equity benchmarks bouncing in choppy trading and sending investors into safe-haven assets on expectations of further Federal Reserve interest rate cuts.
The drop in the c...
Trump Calls For China To Investigate His Political Opponent
2019-10-03 15:49:34 UTC
WASHINGTON (Reuters) - U.S President Donald Trump said on Thursday he wanted Ukraine and China to investigate political rival and former U.S. Vice President Joe Biden and his son, openly advocating an action that triggered a Democratic impeachment inquiry in Congress.
Trump’s earlier efforts t...
North Korea Tested New Submarine-Launched Ballistic Missile
2019-10-03 04:56:04 UTC
SEOUL (Reuters) - North Korea said on Thursday it had successfully test-fired a new submarine-launched ballistic missile (SLBM) from the sea to contain external threats and bolster self-defense, ahead of fresh nuclear talks with the United States.
The launch on Wednesday was the most provocati...
Zelenskiy May Damage Ukraine’s International Standing
2019-09-27 01:22:09 UTC
KIEV (Reuters) - Opponents of Volodymyr Zelenskiy said on Thursday they were worried that the Ukrainian president’s criticism of European leaders in a call with Donald Trump could damage the country’s international standing.
Zelenskiy, a former television comedian and political novice who was ...
France, Germany to Sign Arms Exports Pact
2019-09-20 01:36:58 UTC
PARIS (Reuters) - France and Germany said on Thursday they were close to an agreement on how to remove obstacles to exporting weapons manufactured in joint programs, after French firms called for easing German export restrictions.
German curbs on arms exports to non-European Union or non-NATO ...
Justin Trudeau Says He Is ‘Deeply Sorry’
2019-09-20 01:17:55 UTC
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau vowed to continue his re-election campaign and asked for forgiveness on Thursday after pictures of him in blackface emerged less than five weeks before the national vote.
The Liberal Party leader’s campaign has been upended since Time m...
Attacks on Saudi Oil Field Knock Out Half of Its Output
2019-09-15 07:21:05 UTC
RIYADH/DUBAI/LONDON (Reuters) - Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East.
2 Million More Americans Without Health Insurance
2019-09-10 19:07:40 UTC
WASHINGTON (Reuters) - The share of Americans without health insurance rose for the first time in a decade last year and U.S. household income barely rose, according to a government report on Tuesday that laid bare issues that could become central to the U.S. presidential election next year.