Financial markets

FILE - In a Friday, May 1, 2020 file photo, NYPD officers walk along a sparsely populated Wall Street, in the Manhattan borough of New York. The devastation rocking the economy becomes more clear by the week with reports continually showing how many million workers have lost their jobs due to the coronavirus outbreak. Wall Street sees that pain, but it already sent the U.S. stock market down by a third more than a month ago on anticipation of that. Now, it’s looking further ahead and sees a future that’s not as bad as this horrific present. That’s why stocks just had their best month in a generation. Whether they’re correct is still to be determined. (AP Photo/John Minchillo, File)
May 04, 2020 - 12:28 pm
NEW YORK (AP) — Is Wall Street blind? The global economy is in shambles, the coronavirus pandemic has killed more than 248,000 worldwide and 30 million Americans have lost their jobs as collateral damage in the fight against COVID-19, with the tallies all rising by the day. Yet, the U.S stock...
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A man wearing a mask depicting American flags jogs past the U.S. Capitol Building, Tuesday, April 28, 2020, in Washington. The U.S. House of Representatives has canceled plans to return next week, a reversal after announcing it a day earlier. (AP Photo/Andrew Harnik)
May 04, 2020 - 11:57 am
WASHINGTON (AP) — The Senate will gavel in Monday as the coronavirus rages while the top House Republican is proposing a “hybrid” reopening for the still-shuttered House as a divided Congress struggles to fully resume during the pandemic. Rep. Kevin McCarthy, the minority leader, suggests the full...
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FILE - In this Thursday, Nov. 2, 2017 file photo, World Rugby Chairman Bill Beaumont speaks beside the Webb Ellis Cup during an interview before the match schedule announcement for the 2019 Rugby World Cup in Tokyo. Bill Beaumont and Agustin Pichot are vying to become chairman of World Rugby amid trying times for the sport because of the coronavirus outbreak and the growing discussion about a global calendar to unify the international game. (AP Photo/Shizuo Kambayashi, File)
May 03, 2020 - 3:49 pm
Confronting and managing an unprecedented financial crisis. Uniting the northern and southern hemispheres in one global calendar. Maintaining the growth of the women’s and sevens games. All while not even knowing exactly when rugby can return following the coronavirus outbreak. Bill Beaumont has...
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FILE - In this Dec. 17, 2019 file photo, U.N. Secretary-General Antonio Guterres attends the UNHCR - Global Refugee Forum at the European headquarters of the United Nations in Geneva, Switzerland. When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response. The financial crisis gave birth to the leaders’ summit of the Group of 20, the world’s richest countries responsible for 80% of the global economy. But when Guterres proposed ahead of their summit in late March that G-20 leaders adopt a “wartime” plan and cooperate on the global response to suppress the virus, there was no response (Salvatore Di Nolfi/Keystone via AP, File)
May 03, 2020 - 12:46 pm
UNITED NATIONS (AP) — When financial markets collapsed and the world faced its last great crisis in 2008, major powers worked together to restore the global economy, but the COVID-19 pandemic has been striking for the opposite response: no leader, no united action to stop the spread of the new...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
May 02, 2020 - 9:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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FILE - In this April 21, 2020, file photo Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after the Senate approved a nearly $500 billion coronavirus aid bill on Capitol Hill in Washington. House Speaker Nancy Pelosi shelved a proposal for proxy voting this week after Republicans objected. In the Senate, McConnell rejected a GOP remote vote proposal. He expects Congress to return May 4, as planned. (AP Photo/Patrick Semansky, File)
May 01, 2020 - 2:29 pm
WASHINGTON (AP) — The Senate is set to convene Monday but the health risks from the coronavirus are being laid bare as the Capitol physician says there is no way to quickly test the 100 senators and staff. It's a high-profile snapshot of the national testing shortfall as the Trump administration...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall Street ended its best month in 33 years with losses on fresh news of economic carnage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
May 01, 2020 - 2:10 pm
Stocks are falling in afternoon trading on Wall Street Friday after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines. A day after closing out its best month since 1987, the S&P 500 was down 2.9% and on track for its second straight weekly loss...
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A man rides a bicycle in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, April 30, 2020. Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the U.S. economy had logged its worst quarterly performance since 2009. (AP Photo/Eugene Hoshiko)
April 30, 2020 - 4:38 pm
A crush of dismal data about the economy helped send markets lower Thursday, a meek ending to a historic, juggernaut month for stocks. The S&P 500 fell 0.9% after reports showed millions more U.S. workers filed for unemployment benefits last week and the European economy crumpled to its worst...
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A man walks past a closed business, Wednesday, April 29, 2020, in Chagrin Falls, Ohio. The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. (AP Photo/Tony Dejak)
April 30, 2020 - 11:45 am
WASHINGTON (AP) — More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s. Roughly 30.3 million people have now filed for jobless aid in the six weeks since the...
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A man walks in front of the European Central Bank in Frankfurt, Germany, Wednesday, April 29, 2020. The ECB will have the meeting of the governing council on Thursday. (AP Photo/Michael Probst)
April 30, 2020 - 8:29 am
FRANKFURT, Germany (AP) — The European economy shrank by a record 3.8% in the first quarter as business activity from hotels and restaurants to construction and manufacturing was frozen by shutdowns aimed at preventing the spread of the coronavirus. The drop in the 19-country eurozone was the...
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