Financial services

January 02, 2020 - 5:54 pm
HARTFORD, Conn. (AP) — A major insurer is limiting its coverage of companies in the fossil fuel business, citing concerns about climate change. The Hartford Financial Services Group Inc. won't cover companies that get more than a quarter of their revenue from thermal coal mining or that produce...
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Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read: "Opening ceremony of 2020 trading." (AP Photo/Ahn Young-joon)
January 02, 2020 - 8:47 am
TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well,...
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Police arrive on a street laid with bricks by protesters in Hong Kong, Wednesday, Jan. 1, 2020. Hong Kong toned down its New Year’s celebrations amid the protests that began in June and which have dealt severe blows to the city’s retail, tourism and nightlife sectors. (AP Photo/Vincent Yu)
January 01, 2020 - 10:31 am
HONG KONG (AP) — Hundreds of thousands of people packed Hong Kong streets for an annual New Year's Day protest march as the monthslong pro-democracy movement extended into 2020 with further violence between police and demonstrators. Police said they arrested some 400 people for unlawful assembly...
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January 01, 2020 - 5:20 am
BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50...
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FILE - This Sept. 25, 2019, photo shows a sign indicating a new selling price for a house sits atop a realtor's sign in Jackson, Miss. On Tuesday, Dec. 31, the Standard & Poor's/Case-Shiller 20-city home price index for October is released. (AP Photo/Rogelio V. Solis)
December 31, 2019 - 9:09 am
WASHINGTON (AP) — U.S. home prices rose faster in October than the previous month as many would-be buyers competed for a limited supply of available properties. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.2% in October from a year ago, up from a 2.1% annual gain in September...
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FILE - This June 13, 2019, photo shows a house with a "sold pending" sign fixed on the realtor's sign in northeast Jackson, Miss. On Monday, Dec. 30, the National Association of Realtors releases its November report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Rogelio V. Solis, File)
December 30, 2019 - 10:29 am
WASHINGTON (AP) — Americans signed more contracts to purchase homes in November, a rebound from the previous month, indicating that the housing market is still strong. The National Association of Realtors said Monday that its pending home sales index, which measures the numbers of purchase...
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FILE - In this Nov. 14, 2019, file photo a pair of specialists work on the floor of the New York Stock Exchange. Investments around the world were all winners in 2019 as central banks unleashed more stimulus to bolster the global economy against the damage created by President Donald Trump’s trade war. (AP Photo/Richard Drew, File)
December 26, 2019 - 4:23 pm
NEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its...
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FILE - In this Oct. 27, 2019, file photo Woodbridge firefighter Joe Zurilgen passes a burning home as the Kincade Fire rages in Healdsburg, Calif. California's massive property insurance market is feeling the effects of three straight years of damaging wildfires. Insurers have pulled out of some markets and canceled thousands of policies, forcing regulators to step in and expand a state program that homeowners often turn to as a last resort. (AP Photo/Noah Berger, File)
December 24, 2019 - 3:11 pm
NEW YORK (AP) — Kent Michitsch seemed to be running out of traditional options to insure the home he’s lived in for more than 30 years northeast of San Diego as California’s massive property insurance market reels from three consecutive years of destructive wildfires. Michitsch, 57, has received...
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Democratic presidential candidate South Bend Mayor Pete Buttigieg speaks during a Democratic presidential primary debate Thursday, Dec. 19, 2019, in Los Angeles. (AP Photo/Chris Carlson)
December 21, 2019 - 1:01 pm
WASHINGTON (AP) — The financial sector, blamed by progressives for spawning the 2008 economic collapse, is lining up behind Pete Buttigieg’s presidential campaign. The mayor of South Bend, Indiana, has collected more campaign cash from donors and political action committees tied to the financial,...
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California Attorney General Xavier Becerra, right, is joined by senior adviser Melanie Fontes-Rainer, left, during a news conference in Sacramento, Calif. on Friday, Dec. 20, 2019. One of Northern California's largest health systems is paying $575 million to settle claims that it used anti-competitive practices to bump up costs for patients. Becerra on Friday called the settlement with Sutter Health one of the nation's largest actions against anti-competitive conduct in the health care marketplace. (AP Photo/Don Thompson)
December 20, 2019 - 5:58 pm
SACRAMENTO, Calif. (AP) — One of Northern California's largest health systems will pay $575 million to settle claims that it used anti-competitive practices to bump up costs for patients, the state's attorney general said Friday, though that falls short of damages sought in a related private...
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