Financial markets

A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
March 16, 2020 - 1:36 pm
Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
Read More
A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 16, 2020. Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. (AP Photo/Vincent Yu)
March 16, 2020 - 7:51 am
BEIJING (AP) — Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over virus controls that are shutting down global business and travel. There were no glimmers of optimism: European and Asian stock indexes were down as much as 10...
Read More
A view a street in downtown Milan, Italy, Sunday, March 15, 2020, as most people remained home following the indications of doctors and the government in order to slow down the spread of the new coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms. For some, it can cause more severe illness, especially in older adults and people with existing health problems. (Claudio Furlan/LaPresse via AP)
March 16, 2020 - 5:59 am
The Latest on financial markets (all times local): All Disney owned hotels at Walt Disney World in Orlando, Florida, will close at 5 p.m. on March 20, the company said early Monday. The closure also includes Disney’s Vero Beach Resort on Florida’s Atlantic Coast. In a tweet, the company said the...
Read More
Former Vice President Joe Biden, left, and Sen. Bernie Sanders, I-Vt., right, participate in a Democratic presidential primary debate at CNN Studios in Washington, Sunday, March 15, 2020. (AP Photo/Evan Vucci)
The Associated Press
March 16, 2020 - 4:43 am
WASHINGTON (AP) — Former Vice President Joe Biden and Sen. Bernie Sanders sought in the Democratic debate to cast themselves as best-positioned to lead the nation through a global pandemic, uniting in their criticism of President Donald Trump's response to the fast-moving coronavirus but diverging...
Read More
FILE - In this Friday, March 13, 2020, file photo, a trader walks on the floor of the New York Stock Exchange during President Donald Trump's televised speech from the White House, in New York. Stock markets are set for another week of turbulent trading as U.S. index futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society. (AP Photo/Mark Lennihan, File)
March 15, 2020 - 10:21 pm
BEIJING (AP) — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. Sydney's benchmark plunged 7% and Hong Kong's Hang Seng...
Read More
Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
The Associated Press
March 15, 2020 - 5:44 pm
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its worry that...
Read More
The display board with the curve of the DAX photographed behind a pictogram for a fire extinguisher in the trading room of the Stock Exchange in Frankfurt, Germany, Thursday, March 12, 2020. This was again triggered by concerns about the economic consequences of the coronavirus pandemic. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Boris Roessler/dpa via AP)
March 15, 2020 - 11:37 am
FRANKFURT, Germany (AP) — When the global economy melted down in 2008, world leaders swiftly created an international forum to boost economies by spending more and keeping trade open. Central banks announced rate cuts within seconds of each other. But so far, nations' approach to the economic shock...
Read More
FILE - In this Dec. 11, 2019, file photo, Saudi Arabia's state-owned oil company Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market, in Riyadh, Saudi Arabia. Saudi Arabia's oil company Aramco said Wednesday, march 11, 2020, it will increase production capacity to 13 million barrels per day, up from 12 million per day, part of a strategy to dominate market share amid a slowdown in demand due to the outbreak of a new virus. (AP Photo/Amr Nabil, File)
March 15, 2020 - 3:41 am
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic. The announcement by the firm formally known...
Read More
House Speaker Nancy Pelosi of Calif., walks on Capitol Hill in Washington, Thursday, March 12, 2020, as she heads to a briefing on the coronavirus. (AP Photo/Susan Walsh)
The Associated Press
March 14, 2020 - 11:21 am
WASHINGTON (AP) — The White House is expected to announce that the U.S. will broaden its European travel ban, adding the United Kingdom and Ireland to its list. Under the restrictions, American citizens, green card holders and others are still allowed to return home to the U.S., but will be...
Read More
Stock trader Michael Milano works at the New York Stock Exchange, Friday, March 13, 2020. Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987. (AP Photo/Mark Lennihan)
The Associated Press
March 13, 2020 - 11:06 am
Stocks are clawing back some of their recent losses Friday at the end of a brutal week of selling as the spreading coronavirus heightened fears of a global recession. The gains, which came in yet another day of turbulent trading, follow the worst slide for the U.S. market since the Black Monday...
Read More

Pages