Financial markets

FILE - In this March 17, 2020, file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. The coronavirus pandemic has been particularly brutal to the tourism-dependent economies of Nevada and Hawaii, lifting the unemployment rate in both states to about one-quarter of the workforce. (AP Photo/John Locher, File)
May 27, 2020 - 11:46 am
GENEVA (AP) — Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since. “I am suffering a lot without work. I feel...
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FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.   (AP Photo/Mark Lennihan, File)
May 27, 2020 - 11:34 am
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company's stock during her five years as CEO. The median pay for women on the list was $...
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May 26, 2020 - 9:59 pm
SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico’s finances said Tuesday that the island could be hit with a deficit earlier than expected and see its surplus plunge by 65% in upcoming years, warning the government cannot afford to pay current debt obligations. The...
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A man wearing a protective face mask passes the New York Stock Exchange, Tuesday, May 26, 2020, as employees arrive for the partial reopening of the trading floor. (AP Photo/Mark Lennihan)
May 26, 2020 - 7:22 pm
NEW YORK (AP) — Stocks surged on Wall Street to their highest levels since the business shutdowns took hold in the U.S. over two months ago, climbing on optimism Tuesday about the reopening economy even as the nation's official death toll from the coronavirus closed in on 100,000, a number...
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In this image provided by the New York Stock Exchange, New York State Gov. Andrew Cuomo, center, applauds as he rings the opening bell of the New York Stock Exchange with with New York Stock Exchange President Stacey Cunningham, right, Tuesday, May 26, 2020 in New York. The NYSE allowed a limited number of traders back to the floor with social distancing guidelines and face masks. (Courtney Crow/New York Stock Exchange via AP)
May 26, 2020 - 4:20 pm
Wall Street is closing higher as hopes for economic recovery overshadow worries over the coronavirus pandemic. The S&P 500 jumped to a nearly 3-month high, recovering much of its post-pandemic losses. Investors are shifting their focus to how various nations are adapting to getting back to...
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The logo of French carmaker Renault is pictured at the Flins plant of French carmaker Renault in Aubergenville, west of Paris, Monday, May 25, 2020. French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession. The issue is politically sensitive, since France is proud of its auto industry, which employs 400,000 people and is an important part of the country's remaining manufacturing sector. (AP Photo/Christophe Ena)
May 26, 2020 - 8:14 am
PARIS (AP) — French President Emmanuel Macron is set to unveil on Tuesday new measures to rescue the country's car industry, which has been hammered by the virus lockdown and the resulting recession. Macron tweeted that the government’s support for the national car industry, which includes brands...
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In this Saturday, May 23, 2020 photo, an Ethiopian domestic worker cleans her employer's balcony, in Beirut, Lebanon. Some 250,000 registered migrant laborers in Lebanon — maids, garbage collectors, farm hands and construction workers — are growing more desperate as a crippling economic and financial crisis sets in, coupled with coronavirus restrictions. With no functioning airports and exorbitant costs of repatriation flights, many are trapped, unable to go home. (AP Photo/Hussein Malla)
May 26, 2020 - 5:12 am
BEIRUT (AP) — Long before the pandemic struck, they lived and worked in conditions that rights groups called exploitative — low wages, long hours, no labor law protections. Now, some 250,000 registered migrant laborers in Lebanon — maids, garbage collectors, farm hands and construction workers —...
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A currency trader talks on the phone near the 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, Monday, May 25, 2020. Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the former British colony. (AP Photo/Lee Jin-man)
May 25, 2020 - 5:45 am
TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic. France's CAC 40 gained 0.8% in early trading to 4,479.60, while Germany's DAX jumped 1.2% to 11,206.26...
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People enjoy a sunny day outside a closed bar during the lockdown due to the coronavirus outbreak downtown in Munich, Germany, Saturday, May 9, 2020. Due to the coronavirus the economy worldwide expects heavy losses. (AP Photo/Matthias Schrader)
May 25, 2020 - 4:40 am
BERLIN (AP) — The German economy shrank by 2.2% in the first quarter of the year compared to the same period in 2019 amid a global downturn linked to the coronavirus pandemic. Germany's Federal Statistical Office said Monday that it was the biggest quarterly decline since the 2008-2009 global...
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A currency trader talks on the phone near the 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, Monday, May 25, 2020. Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the former British colony. (AP Photo/Lee Jin-man)
May 24, 2020 - 11:57 pm
TOKYO (AP) — Asian shares are mostly higher, with Tokyo stocks gaining on expectations that a pandemic state of emergency will be lifted for all of Japan. But shares fell in Hong Kong on Monday after police used tear gas to quell weekend protests over a proposed national security bill for the...
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