Financial markets

FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13, and urged Congress and the White House to act further to offset the damage from the viral outbreak. (AP Photo/Jacquelyn Martin, File)
May 13, 2020 - 4:48 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken far-reaching steps to try to...
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Angie Moorefield unfolds material to begin sewing a disposable gown at Burlington Medical in Newport News Wednesday, May 6, 2020. The manufacturing business recently shifted from producing radiation protection gear for medical facilities to in-demand personal protective equipment such as masks, gowns and plastic face shields. (Jonathon Gruenke/The Virginian-Pilot via AP)
May 13, 2020 - 9:31 am
WASHINGTON (AP) — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States. The Labor Department said Wednesday that its producer price index, which measures inflation before it reaches the...
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A custiomer shops in a garden and DIY centre, as the country is in lockdown to help stop the spread of coronavirus, Tuesday, May 12, 2020. The government has announced that as of Wednesday May 13 garden centres will be opening but operating with new measures such as social distancing. (AP Photo/Kirsty Wigglesworth)
May 13, 2020 - 5:49 am
LONDON (AP) — The U.K. government warned Wednesday of a “significant” recession after official figures showed the economy shrank 2% in the first quarter of the year even though it included just one week of the coronavirus lockdown. The Office of National Statistics found that the slump was getting...
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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong, Wednesday, May 13, 2020. Shares fell in Asia on Wednesday after Wall Street logged its biggest loss since the start of the month on worries about the downside of reopening the economy too soon. (AP Photo/Vincent Yu)
May 12, 2020 - 11:54 pm
Shares fell in Asia on Wednesday after Wall Street logged its biggest loss since the start of the month on worries about the downside of reopening the economy too soon. Benchmarks slid in Tokyo, Shanghai and Hong Kong but rose in Taiwan. The top U.S. infectious diseases expert, Dr. Anthony Fauci,...
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FILE - In this March 15, 2019, file photo, Buffalo's Dontay Caruthers (22) looks to pass as Central Michigan's Dallas Morgan (23) defends during the first half of an NCAA college basketball game in the semifinals of the Mid-American Conference men's tournament in Cleveland. The Mid-American Conference is eliminating postseason tournaments in eight sports, including baseball and softball, and men's and women's basketball are among nine sports that will have postseasons scaled back. The MAC's announced the cost-cutting move Tuesday in response to the financial crisis being brought on by the coronavirus pandemic. (AP Photo/Tony Dejak, File)
May 12, 2020 - 7:58 pm
The Mid-American Conference is eliminating postseason tournaments in eight sports, including baseball and softball, and men's and women's basketball are among nine sports that will have postseasons scaled back. The MAC's announced the cost-cutting move Tuesday in response to the financial crisis...
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FILE - This May 22, 2018 file photo shows Simon & Schuster president Carolyn Reidy at the 2018 PEN Literary Gala in New York. Reidy died of a heart attack on Tuesday morning, May 12, 2020. She was 71. Her death was announced by company executive Dennis Eulau. (Photo by Evan Agostini/Invision/AP, File)
May 12, 2020 - 4:14 pm
NEW YORK (AP) — Simon & Schuster CEO Carolyn Reidy, who presided over her company with steady force and a passion for books during a time of frequent and traumatic change, died Tuesday morning at age 71. Her death, from a heart attack, was announced by Dennis Eulau, the company’s chief...
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FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday, May 7, 2020. (AP Photo/Jenny Kane, file)
May 12, 2020 - 2:32 pm
WASHINGTON (AP) — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices. And excluding the normally volatile categories of food and energy...
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In this photo taken on Thursday, May 9, 2020, Vicky Economopoulou, left, and Eva Kexagia, who run a vegan bistro, checks their laptop in Athens. Greece plans to rapidly expand government digital services in 2020 to try and slim down its notoriously slow-moving bureaucracy and help the country exit its pandemic recession more quickly. More than 500 services are available through a new online portal, gov.gr, launched on March 21 during lockdown measures.(AP Photo/Derek Gatopoulos)
May 12, 2020 - 4:15 am
ATHENS, Greece (AP) — Greece plans to rapidly expand government digital services in 2020 to try and slim down its notoriously slow-moving bureaucracy and help the country exit its pandemic recession more quickly. More than 500 services are available through a new online portal, gov.gr, launched on...
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FILE - In this March 18, 2020, file photo, Defense Secretary Mark Esper speaks as President Donald Trump listens during press briefing with the coronavirus task force, at the White House in Washington. The government’s $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation’s arsenal of nuclear weapons. Esper says the sudden burst of emergency spending to prop up a stalled economy is bringing the Pentagon closer to a point where it will have to shed older weapons faster and tighten its belt. (AP Photo/Evan Vucci, File)
May 12, 2020 - 12:13 am
WASHINGTON (AP) — The government's $3 trillion effort to rescue the economy from the coronavirus crisis is stirring worry at the Pentagon. Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation's arsenal of...
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A man wearing a face mask walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, May 11, 2020. Asian stock markets are higher after Wall Street advanced as investors looked past dismal U.S. jobs and other data toward hopes for a global recovery from the coronavirus pandemic.(AP Photo/Eugene Hoshiko)
May 11, 2020 - 5:27 pm
NEW YORK (AP) — Stocks are opening lower on Wall Street as hard questions remain over how and when states will reopen following widespread shutdowns put in place to slow the coronavirus pandemic. The S&P 500 index fell 0.8% in the first few minutes of trading Monday. Marriott fell after the...
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