Markets

  • Bear Market: Dow dives more than 1,400 points
    Bear_market-_dow_dives_more_than_1_400_points
    2020-03-11 20:19:29 UTC

    <p>NEW YORK (AP) &mdash; 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, and the broader S&amp;P 500 nearly as muc...
  • Stocks Rise in Turbulent Trading a Day After Selloff
    Stock
    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 drop from the prior day, but all of those ...
  • You Don't Need a 20% Down Payment to Buy a Home in US
    You_don't_need_a_20__down_payment_to_buy_a_home_in_us
    2020-03-10 19:48:35 UTC

    Many Americans may be unnecessarily talking themselves out of homeownership. Thirty-seven percent of non-homeowners say not having enough saved for a down payment is holding them back from homeownership, but 62% of Americans incorrectly believe you have to have at least 20% of a home’s purchase price to buy, according to NerdWallet’s 2...
  • Black Monday: Shock To Oil Also Rattled Stock Markets
    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 nearly as breathtaking. In the United States...
  • Coronavirus Fuels Dramatic Fall in Oil Price
    Coronavirus_fuels_dramatic_fall_in_oil_price
    2020-03-09 01:49:08 UTC

    <p>NEW YORK (AP) &mdash; 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 after earlier touching its lowest price s...
  • Nothing Can Pull Markets Out From Undertow
    Nothing_can_pull_markets_out_from_undertow
    2020-03-06 20:41:47 UTC

    <p>NEW YORK (AP) &mdash; 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.&nbsp;</p><p>Even a better-than-expected <a href="https://apnews.com/1d187742ff0d4a44bf235fd00c665fb7">report on U.S. jobs</a> wasn&rsquo;t enough to pull markets f...
  • Dow Jones Falls Nearly 1,200 Points
    Stock_market_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-year Treasury to another record low. More...
  • US, Germany Controlled Swiss Company for Decades to Spy on Countries
    Cia
    2020-02-11 21:53:45 UTC

    The CIA and Germany's intelligence agency secretly owned a Swiss company used by governments to send encrypted communications for decades, according to a report published Tuesday. Crypto AG was used by U.S. allies and adversaries, including more than 120 countries. Among Crypto's clients were Iran, India, Pakistan, and the Vatican. ...
  • New 25% Tariffs on EU Food Will Lead to Higher Prices, Cost American Jobs
    New_25__tariffs_on_eu_food_will_lead_to_higher_prices__cost_american_jobs
    2019-10-04 00:39:52 UTC

    WASHINGTON (Reuters) - New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of the holiday season and cost American jobs, trade groups said on Thursday. The U.S. Trade Representative’s Office said on Wednesd...
  • Weak US Economic Data Weighs on Global Market
    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 closely watched Institute for Supply Mana...
  • Recession Fears Escalate
    Stock_market_-_wall_street_stumbled
    2019-08-14 19:02:04 UTC

    NEW YORK (Reuters) - Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time in 12 years, a potential signal o...
  • Mexico to Provide 40,000 Jobs to Migrants
    President_andres_manuel_lopez_obrador-_mexico__to_provide_40_000_jobs_to_migrants
    2019-06-28 18:19:59 UTC

    MEXICO CITY (Reuters) - Mexico is finalizing a deal to provide 40,000 factory jobs to migrants in northern states, President Andres Manuel Lopez Obrador said Friday, addressing a key need for the thousands waiting in Mexico as their U.S. asylum cases are decided. Speaking at his daily press conference, Lopez Obrador said he expected...
  • Euro Hits Three-Month High Against US Dollar
    Euro_jumps_to_three-_week_high_against_the_dollar
    2019-06-24 04:00:44 UTC

    TOKYO (Reuters) - The euro rose to a three-month high against the dollar on Monday, as bearish bets on the U.S. currency remained solid on prospects of a near-term interest rate cut by the Federal Reserve. The euro stretched its rally last week, up 1.4%, and advanced about 0.15% to $1.1386 in early Asian trade, its highest since Mar...
  • US Weekly Jobless Claims Rise; Imported Inflation Weak
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers
    2019-06-13 18:19:18 UTC

    WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. Other data on Thursday showed import prices fell by the most in five months in May amid a broad decline i...
  • US Economic Growth Continues to Slow
    Us_economic_growth_continues_to_slow
    2019-06-07 16:37:19 UTC

    NEW YORK (Reuters) - The U.S. economy is growing at a 1.4% annualized rate in the second quarter based on data that showed a weaker-than-forecast payrolls growth in May, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. This was a tad slower than the 1.5% pace estimated by Atlanta Fed’s GDP program on Thursday. ...
  • Asia Shares Hit 4-Month Low on Risk of Endless Trade War
    Asia_shares_hit_four-month_low_on_risk_of_endless_trade_war
    2019-05-23 05:34:55 UTC

    SYDNEY (Reuters) - Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies. Late Wednesday, Reuters reported the U.S. administration was considering Huawei-like sanctions o...
  • Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
    Oil_prices_rose__lifted_by_a_weak_dollar
    2019-04-02 21:38:57 UTC

    NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 a barrel, the highest since Nov. 13. The...
  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_
    2019-03-27 17:53:13 UTC

    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year Treasury yields slid on Wednesday, but ...
  • UK can remain in EU single market until end of 2020
    Goodwill_gesture_from_eu-_uk_can_remain_in_internal_market_until_2020
    2018-10-25 19:02:53 UTC

    BERLIN (Reuters) - The European Commission has offered to allow Britain to remain in the EU customs union and internal market beyond an agreed transitional arrangement until the end of December 2020, the Frankfurter Allgemeine Zeitung reported on Tuesday. “In a goodwill gesture to Britain, the commission has raised the possibility o...
  • Brexit: The Irish border has become a sticking point
    Brexit-_the_irish_border_has_become_a_sticking_point
    2018-10-15 16:25:14 UTC

    LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s divorce from the bloc. A flurry of diplomatic meetings over the weekend had raised hopes f...
  • US Stock Markets In A Free Fall
    Us_stock_markets_in_a_free_fall
    2018-10-11 21:54:02 UTC

    NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nasdaq declined on Thursday, a day after the tech-heavy index had its biggest percentage drop...
  • Wall Street faces worst day since February
    Dow_jones_drops_831_points
    2018-10-11 21:53:35 UTC

    NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. ...
  • UK Brexit-negotiator is struggling to make headway
    18747_uk_brexit-negotiator_is_struggling_to_make_headway
    2018-08-29 15:36:40 UTC

    LONDON (Reuters) - Financial centers outside the European Union would be the benefactors if the European Union sought to punish the City of London as Britain leaves the bloc, Brexit minister Dominic Raab said on Wednesday. Raab told a parliamentary committee he did not believe the EU would try to punish the London’s financial sector...
  • Germany: When U.S. 'Crosses the Line' Europe Must Act
    Germany-_when_u.s._'crosses_the_line'_europe_must_act
    2018-08-22 19:01:39 UTC

    BERLIN — In a long column on how Europe should respond to U.S. policy under President Donald Trump, German foreign minister, Heiko Maas, a member of Merkel’s junior Social Democrat coalition partners, called for the creation of a “balanced partnership” with the US in which the Europeans filled the gaps left where the US withdrew from t...
  • China slaps additional tariffs of 25 percent on $16 billion US imports
    China_slaps_additional_tariffs_of_25_percent_on__16_billion_us_imports
    2018-08-08 17:44:20 UTC

    BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry...