Mnuchin and Powell back jobless aid and small business loans

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provid...

Asian shares fall as caution sets in after Wall St retreat

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Market players are feeling less optimistic about ac...

Asian shares mixed as worries percolate over pandemic

Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose...

Business Highlights

___ Powell and Mnuchin voice optimism but back more economic aid WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expr...

Powell and Mnuchin voice optimism but back more economic aid

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recessi...

Business Highlights

___ Soaring wealth during pandemic highlights rising inequality WASHINGTON (AP) — Americans’ household wealth rebounded last quarter to a record high as the stock m...

Powell: Many small companies can borrow without Main Street

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able to borrow from banks, suggesting that the need for a Fed lending program that was designed to...

US household wealth hits record even as economy struggles

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the ...

Central bank head: Europe's recovery uncertain, incomplete

FRANKFURT, Germany (AP) — The head of the European Central Bank says that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containig the virus outbreak. ...

Liz Weston: Fear of Bankruptcy Holds Too Many People Back

The mystery isn’t why so many people file for bankruptcy each year. It’s why more people don’t. Each year, only a fraction of the Americans who could benefit financially from bankrup...

Asian markets lower after Wall St declines for third week

BEIJING (AP) — Asian stock markets were lower Monday after Wall Street declined for a third straight week and Britain reported a rise in coronavirus infections. Benchmarks in Shangha...

Asian markets lower after Wall St declines for third week

BEIJING (AP) — Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. Benchmarks in Shanghai,...

How major US stock indexes fared Friday

Stocks are closing lower on Wall Street Friday, as another zig-zag week for markets ends with a third-straight weekly loss for the S&P 500. Technology companies, including Apple...

Asia mostly higher despite Wall Street slump, virus fears

TOKYO (AP) — Asian shares were mostly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight...

Business Highlights

___ COVID-19 danger continues to drive joblessness in US WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a h...