Financial services

Treasury Secretary Steven Mnuchin wears a mask as he walks on the grounds of the White House, Thursday, May 14, 2020, in Washington. (AP Photo/Alex Brandon)
May 18, 2020 - 4:43 pm
WASHINGTON (AP) — The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue law passed in response to the coronavirus crisis, a congressional oversight panel says in a new report. The Treasury fund is being used to guarantee new...
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May 18, 2020 - 9:35 am
HONOLULU (AP) — Hawaii’s largest public pension fund suffered its worst quarterly loss in more than 17 years because of the economic impact of the coronavirus. The state Employees’ Retirement System investments fell 9.5%, The Honolulu Star-Advertiser reported Sunday. The fund’s assets, which...
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A man walks across the Millennium Bridge in London, Wednesday, May 13, 2020, as the country continues in lockdown to help stop the spread of coronavirus. Despite the relaxation of some of the coronavirus lockdown measures on Wednesday central London was still quite. (AP Photo/Tony Hicks)
May 14, 2020 - 5:45 am
LONDON (AP) — The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts are now on a par with the Sept. 11, 2001 attacks or the combined impact of hurricanes Harvey, Maria and Irma in 2017. Lloyds, which as an insurance market...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13, and urged Congress and the White House to act further to offset the damage from the viral outbreak. (AP Photo/Jacquelyn Martin, File)
May 13, 2020 - 3:48 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken far-reaching steps to try to...
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Italian Army and Rome's street cleaning task force personnel sanitize a church to prevent the spread of COVID-19, in Rome, Wednesday, May 13, 2020. Italy partially lifted lockdown restrictions last week after a two-month lockdown and onn May 18 churches are preparing to reopen to the public for masses. (Roberto Monaldo/LaPresse via AP)
May 13, 2020 - 12:51 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LEISURE: Boeing said this week that it's...
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A shop vendor wearing a face mask to help curb the spread of the coronavirus waits for customer outside headscarves shop in Kuala Lumpur, Malaysia, on Monday, May 11, 2020. Despite a sharp drop in infections, Malaysia's leader said restrictions to fight the coronavirus will be extended by four more weeks until June 9. The government has already let most businesses reopen with strict conditions to help revive a hard-hit economy. But mass gatherings are still barred, with schools, cinemas and houses of worship staying shut, group sports prohibited and interstate travel banned. (AP Photo/Vincent Thian)
May 11, 2020 - 3:23 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ EARNINGS SEASON: The damage from the pandemic is playing...
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A Mi-26 military helicopter flies over a statue of the Mother Motherland at the Piskaryovskoye Memorial Cemetery where more than half million Leningrad Siege victims were buried during the World War II, during a rehearsal for the Victory Day military air parade which will take place on May 9, in St.Petersburg, Russia, Thursday, May 7, 2020. The Russian air force conducted a rehearsal for the flyover intended to mark the 75th anniversary of the victory over the Nazis on May 9, but the planned military parade is postponed due to the coronavirus outbreak, leaving only the flyby. (AP Photo/Dmitri Lovetsky)
May 07, 2020 - 1:05 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: All aspects of travel, road, rail...
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May 07, 2020 - 4:10 am
COPENHAGEN, Denmark (AP) — Norway’s central bank has cut its key policy rate by a quarter percentage point to 0% as the economy is slammed by the combination of the coronavirus pandemic and a recent plunge in the price of oil. “The uncertainty surrounding developments ahead is unusually high,”...
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A man walks by the Euro sculpture in front of the old the European Central Bank in Frankfurt, Germany, Tuesday, May 5, 2020. Germany's Constitutional Court has ruled that the country's central bank must stop participating in a key European Central Bank stimulus program but gave the ECB time to demonstrate that the stimulus program is needed and appropriate. (AP Photo/Michael Probst)
May 05, 2020 - 1:30 pm
FRANKFURT, Germany (AP) — Germany's highest court cast doubt on key eurozone stimulus efforts by giving the European Central Bank three months to prove that its key bond-buying program is justified and appropriate. If it doesn't make that showing, the court ruled, Germany's own national central...
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FILE - In this June 8, 2015, file photo specialist Anthony Rinaldi works adjacent to the post that handles Humana, on the floor of the New York Stock Exchange. Humana will pick up the tab for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office. The insurer said Tuesday, May 5, 2020 that it is waiving deductibles and other out-of-pocket costs for all Medicare Advantage customers who visit their primary care doctor or see a behavioral health specialist. (AP Photo/Richard Drew, File)
May 05, 2020 - 9:39 am
The health insurer Humana will cover the whole bill for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office. The insurer said Tuesday that it is waiving copayments, deductibles and other out-of-pocket costs for the rest of the year for all...
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