Mortgage rates tick up to 2.9%, remain at historic lows

SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that t...

Turkey hikes rates to support currency, fight inflation

ANKARA, Turkey (AP) — Turkey’s Central Bank raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency. ...

Is credit card relief little help? Check out debt management

As cardholders experience financial difficulties due to COVID-19, some credit card issuers are promoting their hardship programs. Once a well-kept secret, these programs are now mor...

Swedish central bank sees key interest rate at 0 for years

STOCKHOLM (AP) — Sweden’s central bank on Tuesday kept its main interest rate at zero and said it expects it to remain “at this level in the coming years” due to the economic uncertainty created by th...

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...

Spanish banks merge in sign of hard economic times ahead

LISBON, Portugal (AP) — Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. ...

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...

How major US stock indexes fared Thursday

Stocks closed lower Thursday after another slide in technology companies led a broad sell-off on Wall Street. The sell-off, which lost some of its strength toward the late afternoon...

Yes, stocks are pricey. But too expensive?

NEW YORK (AP) — Yes, stocks are expensive. Most everyone along Wall Street agrees on that following their amazing return to records despite the still-raging pandemic. But whether th...

Taiwan leaves interest rates unchanged, sees GDP grow 1.6%

TAIPEI (Taiwan News) — The Central Bank left key interest rates unchanged Thursday (Sept. 17) while revising its growth forecast for the year upward to 1.6 percent. With economic growth picki...

2 Spanish banks merge amid tough times for financial sector

LISBON, Portugal (AP) — Two of Spain’s biggest banks are poised to merge and create the largest lender in the country, with assets of more than 600 billion euros ($708 billion), bringing the prospect ...

Asian stocks retreat on lack of new Fed action

Asian stock markets tumbled Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. ...

Today in History

Today in History Today is Thursday, Sept. 17, the 261st day of 2020. There are 105 days left in the year. Today’s Highlight in History: On Sept...

Fed sees rates near zero through 2023, perhaps longer

With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday (Sept. 16) that their benchmark short-term interest rate will likely remain at...