Financial markets

In this May 18, 2019, photo, customers sit at a Luckin Coffee outlet in a shopping mall in Beijing. The U.S. market watchdog says China's Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges. The Securities and Exchange Commission charged the company with defrauding investors by misstating its revenue, expenses, and net operating loss to appear to have been more profitable and growing faster than it actually was, and to meet the company's earnings estimates. (AP Photo/Mark Schiefelbein)
December 16, 2020 - 11:46 pm
China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding investors by misstating its revenue, expenses, and net operating loss to appear to have been more profitable...
Read More
FILE- In this Dec. 21, 2017, file photo, a Bitcoin logo is shown is displayed on an ATM in Hong Kong. The price of bitcoin rose above $20,000 for the first time Wednesday, Dec. 16, 2020 as the speculative digital currency reached levels not seen since when bitcoin became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of uncertainty, bitcoin has benefited from the pandemic which has push other commodities like gold, silver, platinum up to multi-year highs. But despite its high price, the currency remains a niche investment for most of the public, and remains extremely volatile. (AP Photo/Kin Cheung, File)
December 16, 2020 - 5:40 pm
CHARLOTTE, N.C. (AP) — The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month. Like other instruments used to store value in times of...
Read More
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 16, 2020 - 3:22 pm
WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy meeting...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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 “...
Read More
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...
Read More

Pages