Markets in 2019: record stocks, lower rates, so-so IPOs

Business 12/26/19, 11:57

On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate policy ...

World shares mostly higher; China plans stimulus measures

Business 12/25/19, 22:33

Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks. The Shanghai Composite index jumped 0.9% to 3,007.35. Heavyweight property shares led a late rally after ...

Iran frees Chinese-American scholar for US-held scientist

U.S. 12/07/19, 04:28

Iran and the U.S. conducted a prisoner exchange Saturday that saw a detained Princeton scholar released for an Iranian scientist held by America, marking a rare diplomatic breakthrough between Tehran and Washington after months of tensions. In a trade conducted in Zurich, Switzerland, Iranian officials handed over Chinese-American graduate student Xiyue ...

Asian stocks sink after Trump threatens more China tariffs

Business 11/12/19, 22:53

Asian stocks sank Wednesday after U.S. President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined. Trump said Tuesday that agreement on the "Phase 1" deal ...

Mark Sanford drops GOP presidential primary challenge to President Trump

U.S. 11/12/19, 15:11

Mark Sanford suspended his challenge to President Donald Trump for the Republican presidential nomination on Tuesday, saying the focus on impeachment has made it difficult for his campaign to gain traction. "You've got to be a realist," Sanford said outside the New Hampshire statehouse. "What I did not anticipate is an ...

World shares decline on renewed China-US trade worries

Asia & Pacific 11/11/19, 04:45

Shares declined on world markets on Monday as investors awaited developments in the China-U.S. trade war saga after President Donald Trump said Washington had not agreed to gradually roll back tariffs as negotiations progress. Britain's FTSE fell 0.6% to 7,316.49 while the CAC 40 in Paris was flat at 5,889.57. Germany's ...

Global stocks lower amid uncertainty over US-China trade

Business 11/08/19, 04:05

Global stock markets mostly declined Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. Tokyo rose after Beijing said Thursday the two sides agreed to the step if they make progress on an interim deal. But London and Frankfurt opened lower and Shanghai and ...

Global stocks turn higher as China says tariff war may ease

Business 11/07/19, 04:38

Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs on each other's exports as they reach agreement in trade negotiations. China and the U.S. are working on a "Phase 1" trade agreement as they seek to ease the tariff ...

Global stocks higher after possible US-China trade snag

Business 11/06/19, 04:17

Global stock markets were mostly higher Wednesday after investors were rattled by a possible snag in a U.S.-Chinese trade truce following reports Beijing wants Washington to lift punitive tariffs. Germany and Paris opened higher and London was unchanged. Tokyo rose while Shanghai declined and Hong Kong was flat. Beijing wants 15% tariffs ...

Chipmakers, trade fears drag down stocks; Facebook gains

U.S. 06/14/19, 13:26

U.S. stocks fell in afternoon trading Friday on Wall Street after a major chipmaker issued a sharp warning about how the U.S.-China trade war is disrupting a key industry.Technology led the broader market lower at the end of an uneven week of trading. Broadcom warned that demand for chips has ...

Dow jumps over 500 points amid hopes of Fed rate cut

Business 06/04/19, 19:23

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution to one of those trade disputes and a rebound in technology ...

Catfish, rice, Navy ships: Cochran spending leaves legacy

U.S. 06/01/19, 09:17

Former U.S. Sen. Thad Cochran was a master of the federal budget process, quietly shrugging off criticism about pork-barrel spending while directing billions of dollars back to his home state of Mississippi.Cochran died Thursday at age 81. He was the 10th longest-serving senator in U.S. history and wielded power for ...

The bond market is getting another whiff of a recession

Business 05/30/19, 12:02

The scent of a possible recession is wafting through the bond market again. Bonds are supposed to be the boring corner of the finance world, but even high-flying stock investors stop and pay attention when they fall into a particular, concerning pattern. It's called an "inverted yield curve," and it happens ...

US stocks move broadly higher, trimming some weekly losses

Tech 05/30/19, 09:16

U.S. stocks moved broadly higher in morning trading on Wall Street Thursday following two days of losses.The early gains are helping to cut some of the broader market's weekly losses, but it is still on track for its fourth consecutive weekly loss and its first monthly loss of the year. ...

Asian stocks mostly fall on Wall Street slide, trade fears

Business 05/30/19, 01:15

Asian shares were mostly lower Thursday after another round of selling on Wall Street amid investor worries about a trade war.Japan's benchmark Nikkei 225 dropped 0.4% to 20,913.68. Australia's S&P/ASX 200 slipped 0.8% to 6,385.60. South Korea's Kospi edged up 0.5% to 2,032.49. Hong Kong's Hang Seng was down 0.5% ...

US stocks slide as global trade anxiety lingers

Business 05/29/19, 09:24

U.S. stocks fell broadly in morning trading Wednesday on Wall Street as investors shifted more money into the safety of bonds.Investors also favored less-risky stocks, including utilities, amid concerns that global economic growth is being threatened by the trade war between the U.S. and China. The broad S&P 500 index ...

Asian stocks retreat as China-US jitters set in

Business 05/29/19, 02:04

Asian shares slipped Wednesday on expectations that a trade dispute between China and the United States would simmer and possibly weigh on growth. With a lull in economic releases closer to home, investors digested President Donald Trump's comments that the country was "not ready" for a trade deal with China. Trump ...

Technology companies push stocks higher, extend gains

Tech 05/28/19, 09:29

U.S. stocks edged higher on Wall Street Tuesday, picking up where they left off before the long holiday weekend.Technology stocks led the early gains. Microsoft rose 1.3% and Cisco rose 1.8%. A mix of consumer-focused and communications companies also pushed the market higher. Amazon and Home Depot rose, as did ...

In Venezuela, criminals feel the pinch of an economic crisis

America 05/27/19, 23:00

The feared street gangster El Negrito sleeps with a pistol under his pillow and says he's lost track of his murder count. But despite his hardened demeanor, he's quick to gripe about how Venezuela's failing economy is cutting into his profits.Firing a gun has become a luxury. Bullets are expensive ...

Asian shares up in muted trading after Trump visit to Japan

Business 05/27/19, 22:15

Asian stocks mostly rose in muted trading Tuesday in the absence of major market-driving news on trade negotiations during the visit of President Donald Trump to Japan. Japan's benchmark Nikkei 225 added 0.4% in early trading to 21,274.60, while Australia's S&P/ASX 200 gained 0.6% to 6,490.40. South Korea's Kospi was little ...

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