Financial markets

A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)
Associated Press
March 24, 2020 - 9:07 pm
NEW YORK (AP) — Shares opened sharply higher in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 with Congress and the White House nearing a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan's Nikkei 225 index...
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FILE - In this Saturday, March 21, 2020 file photo, a lone pedestrian wearing a protective mask walks past the New York Stock Exchange as coronavirus concerns empty a typically bustling downtown area in New York. Stocks around the world swung lower Monday, March 23 even after the Federal Reserve announced a tidal wave of support for lending markets, going way beyond the “bazooka” it had already unloaded. (AP Photo/John Minchillo, File)
Associated Press
March 23, 2020 - 3:04 pm
NEW YORK (AP) — Stocks are ending another bumpy day broadly lower on Wall Street as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package. Major indexes ended down about 3% Monday, having been down as much as 5%. Earlier, markets got a bump...
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FILE - In this Feb. 27, 1941 file photo President Franklin D. Roosevelt speaks on the radio from the Oval Room of the White House. During an extraordinary 12 years in office, Roosevelt guided the nation through a bleak period of Depression-era unemployment, a severe Midwest drought known as the Dust Bowl and battle against the Nazis and Japanese in World War II. (AP Photo/Henry Griffin, File)
Associated Press
March 23, 2020 - 5:24 am
WASHINGTON (AP) — Woodrow Wilson was more focused on the end of World War I than a flu virus that was making its way around the globe, ultimately sickening hundreds of thousands of Americans, including the president himself. George W. Bush stood with a bullhorn on a pile of rubble after the 9/11...
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This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (NYSE Photo by Alyssa Ringler via AP)
Associated Press
March 19, 2020 - 10:48 pm
BEIJING (AP) — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession caused by the coronavirus pandemic. Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia...
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A sign notifying the availability of pasta in the wake of the coronavirus outbreak, outside Warwick Way Food & Wine in Victoria, London, Thursday March 19, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Yui Mok/PA via AP)
Associated Press
March 19, 2020 - 4:31 pm
It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday...
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Senate Majority Leader Mitch McConnell, R-Ky., walks to the chamber as lawmakers negotiate on the emergency coronavirus response legislation, at the Capitol in Washington, Wednesday, March 18, 2020. (AP Photo/J. Scott Applewhite)
Associated Press
March 18, 2020 - 10:46 pm
WASHINGTON (AP) — By a sweeping bipartisan tally, the Senate on Wednesday approved a $100 billion-plus bill to boost testing for the coronavirus and guarantee paid sick leave for millions of workers hit by it — and President Donald Trump quickly signed it. But lawmakers and the White House had...
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A trader holds his hand to his head after trading was halted at the New York Stock Exchange, Wednesday, March 18, 2020, in New York. (AP Photo/Mark Lennihan)
Associated Press
March 18, 2020 - 9:54 pm
BANGKOK (AP) — Shares in Asia failed to hold onto opening gains on Thursday, skidding further after the latest selloff on Wall Street. Stocks fell in Tokyo, Sydney, Hong Kong and Seoul in early trading Thursday. Investors are in search of cash as fears of a prolonged coronavirus-induced recession...
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A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
Associated Press
March 18, 2020 - 6:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
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In this photo released by the official website of the Office of the Iranian Presidency, cabinet members wearing face masks and gloves attend their meeting in Tehran, Iran, Wednesday, March 18, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Office of the Iranian Presidency via AP)
Associated Press
March 18, 2020 - 3:05 pm
TEHRAN (AP) — Iran on Wednesday reported its single biggest jump in fatalities from the coronavirus as another 147 people died, raising the country's overall death toll to 1,135. The nearly 15% spike in deaths — amid a total of 17,361 confirmed cases in Iran — marks the biggest 24-hour rise in...
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A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)
Associated Press
March 17, 2020 - 6:30 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. The first, announced mid-morning, is...
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