Financial markets

July 12, 2020 - 12:02 am
BOSTON (AP) — At this time of the year, The Friendly Fisherman on Cape Cod is usually bustling with foreign students clearing tables and helping prepare orders of clam strips or fish and chips. But because of a freeze on visas, Janet Demetri won't be employing the 20 or so workers this summer. So...
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Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)
July 10, 2020 - 3:32 pm
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...
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FILE - In this May 25, 2020, file photo, Brazil's President Jair Bolsonaro, wearing a face mask amid the coronavirus pandemic, stands among supporters as he leaves his official residence of Alvorada palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus's severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)
July 10, 2020 - 3:08 pm
HAVANA (AP) — The COVID-19 pandemic is sweeping through the leadership of Latin America, with two more presidents and powerful officials testing positive this week for the new coronavirus, adding a destabilizing new element to the region’s public health and economic crises. In Brazil, President...
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July 10, 2020 - 1:48 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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FILE - In this July 7, 2013, filemphoto, Andy Murray of Britain poses with the trophy after defeating Novak Djokovic of Serbia in the men's singles final match at the All England Lawn Tennis Championships in Wimbledon, London. (AP Photo/Alastair Grant, File)
July 10, 2020 - 3:52 am
EDITOR’S NOTE — Tennis history is filled with wonderful rivalries, and so many are remembered because of matchups in Wimbledon finals. The Associated Press is republishing stories about a handful of such matches while the canceled grass-court Grand Slam tournament was supposed to be played. One...
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A man walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 10, 2020. Asian stock markets followed Wall Street lower Friday on worries economic improvements might fade as coronavirus cases increase in the United States and some other countries. (AP Photo/Eugene Hoshiko)
July 09, 2020 - 10:42 pm
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the...
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Arizona Republican Gov. Doug Ducey speaks about the latest coronavirus update in Arizona at a news conference Thursday, July 9, 2020, in Phoenix. (AP Photo/Ross D. Franklin, Pool)
July 09, 2020 - 8:46 pm
PHOENIX — Arizona Gov. Doug Ducey is ordering restaurants to work at half of their capacity, but he has declined to shut them down entirely as authorities seek to control a strong coronavirus outbreak that has doubled the daily case count in two weeks. The governor also said Thursday the state will...
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FILE - In this Friday, May 25, 2018 file photo, Luxembourg's Finance Minister Pierre Gramegna, left, speaks with Irish Finance Minister Paschal Donohoe during a meeting of EU finance ministers at the Europa building in Brussels. The powerful group of countries using Europe's single currency will choose a new president on Thursday, July 9, 2020, with three candidates vying for the challenging task of leading the 19-nation bloc out of the deepest economic recession in decades. The candidates for Eurogroup president are Spain's Economy Minister Nadia Calvino, Irish Finance Minister Paschal Donohoe and Luxembourg's Finance Minister Pierre Gramegna. (AP Photo/Virginia Mayo, File)
July 09, 2020 - 2:13 pm
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single currency, and vowed to lead the bloc through what is set to be a historically deep recession in the wake of the coronavirus pandemic. Donohoe, who has been...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
July 09, 2020 - 9:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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A woman scratches a $30 instant ticket while playing the lottery at Ted's Stateline Mobil on Wednesday, June 24, 2020 in Methuen, Mass. The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. (AP Photo/Charles Krupa)
July 09, 2020 - 8:39 am
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. Since March, Texas, Arkansas and Montana and several other states have seen an...
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