Financial markets

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
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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Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)
January 14, 2021 - 4:49 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. During an online discussion hosted by Princeton University...
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FILE - This Monday, Nov. 23, 2020 file photo shows the New York Stock Exchange, right, in New York. U.S. stocks are ticking higher Thursday, Jan. 14, 2021, despite a dismal report on the number of layoffs sweeping the country. (AP Photo/Seth Wenig)
January 14, 2021 - 4:14 pm
A late slide in several Big Tech stocks left major indexes lower on Wall Street, even as small-company stocks marched to another record high. The S&P 500 turned lower in the last hour of trading to wind up with a loss of 0.4% Thursday. The benchmark index was weighed down by losses in Apple,...
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Police bike officers patrol on the empty waterfront promenade as the country starts a new lockdown, in Beirut, Lebanon, Thursday, Jan. 14, 2021. Lebanese authorities began enforcing an 11-day nationwide shutdown and round the clock curfew Thursday, hoping to limit the spread of coronavirus infections spinning out of control after the holiday period. (AP Photo/Bilal Hussein)
January 14, 2021 - 12:44 pm
BEIRUT (AP) — It was a choice between containing a spiraling virus outbreak and resuscitating a dying economy in a country that has been in steady financial and economic meltdown over the past year. Authorities in Lebanon chose the latter. Now, virus patients struggling to breathe wait outside...
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FILE - In this file photo dated Sunday, March 3, 2019, Chairwoman of the Reform Party Kaja Kallas arrives at a polling station during a parliamentary elections in Tallinn, Estonia. President Kersti Kaljulaid said Thursday Jan. 14, 2021, in a statement that Kaja Kallas would now have 14-days to put together a new Cabinet, after Prime Minister Juri Ratas stepped down in the wake of a corruption scandal. (AP Photo/Raul Mee)
January 14, 2021 - 8:22 am
HELSINKI (AP) — Estonia’s president on Thursday tasked the leader of the main opposition party to form a new government, a day after Prime Minister Juri Ratas and his Cabinet stepped down in the wake of a corruption scandal in Ratas' ruling Center Party. Kaja Kallas, chairwoman of the center-right...
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A currency trader passes by monitors showing the Korea Composite Stock Price Inde, and foreign exchange rate at the foreign exchange dealing room of a KB Kookmin Bank branch in Seoul, South Korea, Thursday, Jan. 14, 2021. Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. (AP Photo/Ahn Young-joon)
January 13, 2021 - 10:10 pm
Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs. Benchmarks rose in Hong Kong, Tokyo and Sydney but fell in Shanghai. U.S. futures were trading slightly higher after the U.S. House of...
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FILE - This Aug. 24, 2020 file photo shows Treasury Secretary Stephen Mnuchin at the White House in Washington. The U.S. government’s deficit in the first three months of the budget year was a record-breaking $572.9 billion. The Treasury Department reported Wednesday, Jan. 13, 2021 that with three months gone in the budget year, the deficit was $216.3 billion higher than the same October-December period a year ago. (AP Photo/J. Scott Applewhite, File)
January 13, 2021 - 4:05 pm
WASHINGTON (AP) — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined. The Treasury Department reported Wednesday...
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FILE - In this Jan. 11, 2021, file photo, Grace Mathre, server at Longfellow Grill, checks on University of St. Thomas students Lundsey Schulz and Maren Daggett in Minneapolis. As the U.S. finds itself in the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread. (Glen Stubbe/Star Tribune via AP, File)
January 12, 2021 - 3:29 pm
PHOENIX (AP) — As the U.S. goes through the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread. And unlike in 2020, when the debate over...
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FILE - In this Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. U.S. stocks are drifting close to their record heights Tuesday, Jan. 12, 2021, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. (AP Photo/Frank Franklin II, File)
January 12, 2021 - 1:43 pm
NEW YORK (AP) — U.S. stocks are drifting near their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. The S&P 500 was up less than 0.1% after flipping...
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A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 12, 2021. Asian stocks advanced Tuesday as investors watched for details of U.S. President-elect Joe Biden's promised economic stimulus plan. (AP Photo/Vincent Yu)
January 12, 2021 - 12:01 am
BEIJING (AP) — Asian stocks advanced Tuesday as investors watched for details of President-elect Joe Biden's promised economic stimulus plan. Shanghai, Tokyo and Hong Kong were higher. Seoul declined while Sydney swung between gains and losses. Overnight, Wall Street declined following a string of...
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