Financial markets

FILE- In this Oct. 16, 2019, file photo, Australia's Trade Minister Simon Birmingham addresses media outside the Parliament House in Canberra, Australia. Australia will ask the World Trade Organization to intervene in its dispute with China over barley and expects other nations to become involved in the case, Australian Trade Minister Birmingham said on Wednesday, Dec. 16, 2020. (AP Photo/Rod McGuirk, File)
December 16, 2020 - 8:05 am
CANBERRA, Australia (AP) — Australia will ask the World Trade Organization to intervene in its dispute with China over barley and expects other nations to become involved in the case, Australian Trade Minister Simon Birmingham said Wednesday. China effectively ended imports of Australian barley in...
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A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 16, 2020. Shares rose in Asia on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street. (AP Photo/Koji Sasahara)
December 15, 2020 - 10:47 pm
Shares rose in Asia on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street. Japan reported weaker than expected export data for November, despite a recovery in trade with China, its biggest market. Overnight, the S&P 500 gained 1.3% as...
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FILE - In this Sept. 20, 2016, file photo, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, smile as they prepare for a speech in San Francisco. Supervisors in San Francisco are voting on a nonbinding resolution Tuesday, Dec. 15 to condemn the naming of the city's public hospital for Zuckerberg and his wife in 2015 after the couple gave $75 million toward the building of a new acute and trauma center. The resolution does not have the force of law and would not require the hospital to do anything if approved. (AP Photo/Jeff Chiu, File)
December 15, 2020 - 8:05 pm
SAN FRANCISCO (AP) — Supervisors in San Francisco overwhelmingly approved a resolution Tuesday condemning the naming of the city's public hospital for Facebook co-founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, in 2015 after the couple gave $75 million toward a new acute care and trauma...
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A currency trader walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 15, 2020. Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. (AP Photo/Lee Jin-man)
December 14, 2020 - 10:53 pm
Asian shares sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. Japan’s benchmark Nikkei 225 index fell after Prime Minister Yoshihide...
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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)
December 14, 2020 - 12:16 pm
WASHINGTON (AP) — The Federal Reserve's policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines. When its meeting concludes Wednesday, the Fed...
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A currency gestures as he talks with his colleagues at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Dec. 14, 2020. Shares were mostly higher in Asia on Monday as the Bank of Japan's quarterly "tankan" survey showed stronger than expected business sentiment in a further sign the economy is recovering from recession. (AP Photo/Ahn Young-joon)
December 13, 2020 - 10:47 pm
Shares have risen in Asia, shrugging off a weak close last week on Wall Street after Japan's central bank reported a strong improvement in business sentiment. Tokyo’s Nikkei 225 climbed 0.6% and shares were also higher in Shanghai, Seoul and Sydney. Hong Kong’s Hang Seng declined. The quarterly “...
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FILE - El Paso Mayor Oscar Leeser speaks during a city meeting on Tuesday, Jan. 26, 2016, in El Paso, Texas. El Paso residents have elected a new mayor, handing a defeat to incumbent Mayor Dee Margo in favor of his predecessor, Oscar Leeser, in a runoff race defined by the city’s coronavirus crisis. Leeser, who was mayor of the West Texas city on the Mexican border from 2013 through 2017, won with an overwhelming 82% of the vote, according to El Paso County's unofficial tally. (AP Photo/Astrid Galvan, file)
December 13, 2020 - 11:57 am
EL PASO, Texas (AP) — El Paso residents have elected a new mayor, handing a defeat to incumbent Mayor Dee Margo in favor of his predecessor, Oscar Leeser, in a runoff race defined by the city’s coronavirus crisis. Leeser, who was mayor of the West Texas city on the Mexican border from 2013 through...
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In this photo provided by the New York Stock Exchange, traders Edward McCarthy, left, and Robert Charmak work on the floor during the Delwinds Insurance Acquisition Corp. IPO, Friday Dec. 11, 2020. U.S. stocks fell in morning trading Friday as prospects for another aid package from Washington faded while a surge in virus cases threatens to inflict more damage on an already battered economy. (Colin Ziemer/New York Stock Exchange via AP)
December 11, 2020 - 4:06 pm
Stocks ended lower on Wall Street as prospects for another aid package from Washington faded even as a surge in virus cases threatens to inflict more damage on an already battered economy. The S&P 500 fell 0.1% Friday, further backing off the record high it set on Tuesday. The benchmark index...
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Treasury Secretary Steven Mnuchin testifies before a Congressional Oversight Commission hearing on Capitol Hill in Washington, Thursday Dec. 10, 2020. (Sarah Silbiger/The Washington Post via AP, Pool)
December 10, 2020 - 5:57 pm
WASHINGTON (AP) — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a year ago as spending to deal with the COVID pandemic soared while tax revenues fell. The Treasury Department reported Thursday that with two months gone in the budget...
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FILE - New York Stock Exchange floor governor Rudy Maas, left, calls out prices during the IPO of MGM Growth Properties on the floor of the NYSE, Wednesday, April 20, 2016. Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. Companies that have gone public this year have averaged a return of 53.8% above their IPO price, including a return of 23.4% after their first day of trading, according to Renaissance Capital, an IPO research provider. (AP Photo/Richard Drew, file)
December 10, 2020 - 4:52 pm
LOS ANGELES (AP) — Wall Street has rolled out the welcome mat for companies going public this year, boosting proceeds from initial public offerings to the highest level in six years. IPOs slowed sharply in the spring due to the pandemic, but they surged in the summer as the market recovered from a...
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