Financial services

FILE - In this April 20, 2020, file photo, resident physician Leslie Bottrell stands outside a room at an Intensive Care Unit as a nurse suctions the lungs of a COVID-19 patient at St. Joseph's Hospital in Yonkers, N.Y. COVID-19 could have stamped someone “uninsurable”  if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. (AP Photo/John Minchillo, File)
May 03, 2020 - 9:17 am
WASHINGTON (AP) — COVID-19 could have stamped a person “uninsurable” if not for the Affordable Care Act. The ban on insurers using preexisting conditions to deny coverage is a key part of the Obama-era law that the Trump administration still seeks to overturn. Without the law, people who recovered...
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FILE - In this Jan. 24, 2020 file photo, Cory Doctorow, right, walks in front of other protestors in Los Angeles outside the headquarters of the regulatory body for domain names, the Internet Corporation for Assigned Names and Numbers. After widespread opposition, the organization overseeing internet domain names has voted against the $1.1 billion sale of the dot-org online registry to an investment firm. The board of the Los Angeles-based Internet Corporation for Assigned Names and Numbers voted Thursday, April 30, 2020 not to allow the sale to Ethos Capital of the website suffix that is widely used by non-profits and community groups. (AP Photo/Mark J. Terrill)
May 01, 2020 - 6:43 pm
NEW YORK (AP) — After widespread opposition, the organization overseeing internet domain names has voted against the $1.1 billion sale of the dot-org online registry to an investment firm. The board of the Los Angeles-based Internet Corporation for Assigned Names and Numbers voted late Thursday not...
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FILE - In this Feb. 25, 2020, file photo, Michelle Janavs arrives at federal court in Boston for sentencing in a nationwide college admissions bribery scandal. Lawyers for Janavs, who is supposed to report to prison in May, said in a legal filing Wednesday, April 22, 2020, that she should spend five months in home confinement instead of prison because she has an underlying health condition that makes her particularly vulnerable if she were to contract the coronavirus. (AP Photo/Elise Amendola, File)
May 01, 2020 - 3:47 pm
An heir to the Hot Pockets fortune and a former investment executive who participated in the college admissions cheating scheme won't get to serve their punishments at home, but they can delay going to prison until this summer because of the coronavirus pandemic, a judge has ruled. Michelle Janavs...
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FILE - This Dec. 24, 2018, file photo shows the Federal Reserve building during a partial government shutdown in Washington. The Federal Reserve said Thursday, April 23, 2020, that it will provide monthly reports on several of its economic rescue programs supported by the $2 trillion rescue program passed by Congress. (AP Photo/Manuel Balce Ceneta, File)
April 30, 2020 - 12:31 pm
WASHINGTON (AP) — The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the economic disruptions caused by the coronavirus pandemic. The Fed said that it was expanding the scope and eligibility of its Main...
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FILE - In this April 28, 2020 file photo, a closed sign is posted at a restaurant along the River Walk in San Antonio. Banks are reporting a little more success in getting small business owners’ applications for coronavirus relief loans into government processing systems. Bank industry groups says changes the Small Business Administration made in its procedures apparently are helping lenders trying to submit thousands of applications for $310 billion in loans. (AP Photo/Eric Gay, File)
April 29, 2020 - 7:40 pm
NEW YORK (AP) — The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday after the Small Business Administration said that for eight hours ending at midnight Eastern time it would accept loans only from small lenders. The step was being taken to ensure...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
April 29, 2020 - 6:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
April 29, 2020 - 2:29 pm
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19. The optimism helped the S&P 500 vault 2.8% higher in afternoon trading, and it extended a rally that’s brought the U.S. stock market to the brink of its best month in 45 years...
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A Lebanese policeman gestures to firefighters as they extinguish a police car that was set on fire by anti-government protesters, in the northern city of Tripoli, Lebanon, Tuesday, April 28, 2020. Hundreds of angry Lebanese took part Tuesday in the funeral of a young man killed in riots overnight in Tripoli that were triggered by the crash of Lebanon's national currency that sent food prices soaring. (AP Photo/Bilal Hussein)
April 28, 2020 - 5:38 pm
TRIPOLI, Lebanon (AP) — Hundreds of protesters in Lebanon's northern city of Tripoli clashed with troops until late Tuesday night leaving several injured on both sides in some of the most serious riots triggered by an economic crisis spiraling out of control amid a weeks-long virus lockdown. After...
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FILE - In this April 23, 2020 file photo, a sign is posted on a closed store in North Miami, Fla. Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration. Banking industry groups say the SBA’s loan processing system is still unable to handle the volume of loan applications from business owners trying to get aid under the Paychceck Protection Program, part of the government’s $2 trillion coronavirus aid program.(AP Photo/Wilfredo Lee, File)
April 28, 2020 - 2:49 pm
NEW YORK (AP) — Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration. Banking industry groups said Tuesday the SBA’s loan processing system is still unable to handle the...
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A currency trader stretches at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 27, 2020. Asian stock markets have gained after Japan's central bank promised to buy more government bonds to support financial markets as investors look to central bankers to shore up the struggling global economy. (AP Photo/Ahn Young-joon)
April 27, 2020 - 1:43 pm
Stocks around the world rallied Monday as governments prepare to gradually lift restrictions that are meant to slow the coronavirus outbreak but are also erasing businesses and jobs. Banks, hotels, smaller companies and other businesses that stand to gain the most from people re-emerging from their...
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