Economic stimulus

FILE - A street sign is displayed at the New York Stock Exchange in New York, Monday, Nov. 23, 2020. Stocks are pulling back broadly in the early going on Wall Street, taking the S&P 500 further below the record high it reached just two days ago. The benchmark index was off 1.4% in the first few minutes of trading Wednesday, Jan. 27, 2021. (AP Photo/Seth Wenig)
January 27, 2021 - 4:10 pm

Stocks have their worst day since October as Big Tech sinks

The stock market posted its biggest drop since October Wednesday, led by declines in several Big Tech companies. The S&P 500 gave up 2.6%. The benchmark index had set a record high just two days earlier. The selling was broad, though technology giants including Facebook, Netflix and Google’s...
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President Joe Biden speaks during an event on American manufacturing, in the South Court Auditorium on the White House complex, Monday, Jan. 25, 2021, in Washington. (AP Photo/Evan Vucci)
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January 26, 2021 - 6:07 am

Biden more bullish on vaccines, open to 1.5M daily shot goal

WASHINGTON (AP) — President Joe Biden appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day. Biden signaled on Monday his increasing bullishness on the pace of vaccinations after...
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President Joe Biden waves as he departs after attending Mass at Holy Trinity Catholic Church, Sunday, Jan. 24, 2021, in the Georgetown neighborhood of Washington. Biden plans to sign an executive order Monday, Jan. 25 that aims to boost government purchases from U.S. manufacturers. (AP Photo/Patrick Semansky)
January 25, 2021 - 4:05 pm

Amid stimulus talks, Biden signs order to help factories

WASHINGTON (AP) — Seeking to galvanize the economy and help factories, President Joe Biden signed an executive order Monday to boost government buying from U.S. manufacturers as he begins the negotiation process with Congress over a $1.9 trillion stimulus package. The executive order is among a...
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In this photo provided by the New York Stock Exchange, traders work on the floor during the United Wholesale Mortgage IPO, Friday, Jan. 22, 2021. Wall Street is tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday. (Courtney Crow/New York Stock Exchange via AP)
January 22, 2021 - 4:51 pm

Mixed finish on Wall Street as worldwide rally takes a pause

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four. The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for...
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Long time exposure photo shows aircrafts flying over the buildings of the banking district in Frankfurt, Germany, Thursday, Jan. 21, 2021. (AP Photo/Michael Probst)
January 21, 2021 - 10:45 am

European Central Bank stimulus on track as economy struggles

FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pandemic. ECB President Christine...
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FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. U.S. stocks are rising again Wednesday, Jan. 20, 2021, climbing toward records on stronger-than-expected earnings reports and continued optimism that an economic recovery is on the way. (AP Photo/Mark Lennihan, File)
January 20, 2021 - 4:45 pm

Wall Street hits records as hopes build for more stimulus

Wall Street marked the dawn of President Joe Biden's administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling U.S. economy. The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The...
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People are reflected on the electronic board of a securities firm in Tokyo, Wednesday, Jan. 20, 2021. Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as president, ending President Donald Trump’s four-year term. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. (AP Photo/Koji Sasahara)
January 19, 2021 - 10:21 pm

Japan shares fall on pandemic worries as rest of Asia rises

TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries grew about the surge in coronavirus cases. Japan's benchmark Nikkei 225 lost early gains to slip 0.4% in morning trading to 28,515.21. Australia...
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German Interior Minister Horst Seehofer, left, and German Finance Minister Olaf Scholz, right, talk as they arrive for a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Wednesday, Jan. 13, 2021. One topic of the meeting are the current developments of the new coronavirus pandemic in Germany. (AP Photo/Michael Sohn)
January 19, 2021 - 8:18 am

Germany's 2020 borrowing comes in well short of forecast

BERLIN (AP) — Germany borrowed 130.5 billion euros ($157.5 billion) last year as it loosened budget rules to help finance pandemic-related rescue and stimulus packages — a considerably smaller sum than was originally planned. After six years in the black, Germany resorted to running up new debt in...
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The Washington Monument and the National Mall are visible as members of the U.S. Air Force Honor Guard walk along the West Front of the U.S. Capitol at the site of the 59th Presidential Inauguration in Washington, Monday, Jan. 18, 2021. (AP Photo/Andrew Harnik)
January 18, 2021 - 12:30 pm

Biden's test: Engineering economic boom in a partisan divide

BALTIMORE (AP) — When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing. Millions of Americans were in the early stages of losing their homes to foreclosure as the housing bubble burst. Biden returns to the White House as...
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FILE - In this Nov. 23, 2020 file photo, stone sculptures adorn the New York Stock Exchange. Stocks are pulling lower again on Friday, Jan. 15, 2021, after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. (AP Photo/Seth Wenig, File)
January 15, 2021 - 4:06 pm

Stocks fall as economy's pain deepens, post a weekly loss

NEW YORK (AP) — Stocks closed lower on Wall Street Friday, posting their first weekly loss after two weeks of solid gains. The S&P 500 fell 0.7%, with stocks of companies that most need a healthier economy taking some of the sharpest losses. The declines came as more reports showed how the...
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