Virus anxiety triggers biggest 1-day market drop since 2011

Worldwide markets plummeted again Thursday (Feb. 27), deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff gave U.S....

Stocks sink, bonds soar on fears virus will stunt economy

Stocks fell sharply again on Wall Street Tuesday (Feb. 25), piling on losses a day after the market’s biggest drop in two years as fears spread that the growing virus outbreak will put the brake...

Dow drops over 1,000 as outbreak threatens global economy

The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years as investors worry that the spread of a viral outbreak that began in China wil...

Greek 10-year bond yield makes historic dip below 1%

Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield drop...

Business Highlights

—- Price worries remain after judge OKs T-Mobile's Sprint deal NEW YORK (AP) — A federal judge has cleared a major path for T-Mobile to buy Sprint for $26.5 billion...

Powell: Economy looks resilient despite risk of China virus

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in Chin...

Lagarde: Central banks have less room to combat a downturn

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde has warned that the world's central banks have less room to stimulate the economy in case there's a recession. ...

Disconnect? Stocks rising despite fears over the coronavirus

NEW YORK (AP) — The coronavirus outbreak has exposed a seeming disconnect between the financial markets and science. Health experts don't know how far the virus from China will sprea...

Germany, Austria at odds on European financial trade tax

BERLIN (AP) — Germany and Austria are at odds over plans for a new tax on financial transactions, raising more questions about the chances of the levy becoming reality after years of talks. ...

Stocks open lower on Wall Street following drops overseas

Stocks are opening moderately lower on Wall Street, following declines overseas, as more worries about the spread of a virus outbreak in China and some weak earnings results put investors in a mood to...

Is chasing the highest savings rate worth it?

Last year, Peter Hsiao learned about high-yield savings accounts from his friend, and within a week, he had opened one. His rate was above 2%. High-yield savings accounts pay intere...

Bank of England keeps main interest rate unchanged at 0.75%

LONDON (AP) — The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British econom...

Fed leaves key rate alone but sees virus among global risks

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats, including from China’s viral ou...

Greece starts 15-year bond auction as market rates favorable

ATHENS, Greece (AP) — Greece has launched an auction for a 15-year bond, aimed at taking advantage of low interest rates and a recent sovereign credit rating upgrade. The Public Debt...

Business Highlights

___ Stocks tumble as virus fears spark sell-off; Dow falls 453 NEW YORK (AP) — U.S. stocks fell sharply Monday, sending the Dow Jones Industrial Average down by mor...