Financial services

In this photograph taken Thursday March 19, 2020 , A woman spills water at squatter camp in Soweto, South Africa. Some countries around the world lack the equipment and trained health workers to respond to the threat of COVID-19 virus. For most people the virus causes mild or moderate symptoms, but for others it causes severe illness. (AP Photo/Themba Hadebe)
March 22, 2020 - 5:23 am
LONDON (AP) — To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of “pandemic bonds” several years ago: the idea was to leverage private capital from Wall Street firms that would help stricken poor countries. But since the bonds were...
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FILE - In this Jan. 14, 2019 photo, a patient sits in the living room of her apartment in the Brooklyn borough of New York during a telemedicine video conference with Dr. Deborah Mulligan. Telemedicine often involves diagnosing and treating a new health problem but is also used to keep tabs on an existing, long-term condition. (AP Photo/Mark Lennihan)
March 21, 2020 - 6:10 am
Got a worrisome rash? You can still see a doctor if you can't leave home during the coronavirus outbreak. U.S. public health officials, hospitals and insurance companies are pushing people to try telemedicine for their allergies, earaches and other minor problems and skip the doctor's office or...
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FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
March 20, 2020 - 6:50 pm
WASHINGTON (AP) — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak. The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day...
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FILE - This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading coronavirus.(AP Photo/Mark Lennihan, File)
March 20, 2020 - 12:25 pm
NEW YORK (AP) — In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading...
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A surgical mask is placed on The "Fearless Girl" statue outside the New York Stock Exchange on Thursday, March 19, 2020, in New York. Stocks are swinging between gains and losses in early trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (AP Photo/Kevin Hagen)
March 19, 2020 - 2:15 pm
NEW YORK (AP) — Stocks are gaining momentum in afternoon trading on Wall Street Thursday in a market marked by less volatility than recent days as global authorities rush to support an economy decimated by the coronavirus pandemic. The S&P 500 rose 1.8% after bouncing between a gain of 2.5% and...
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FILE - In this file photo dated Monday March 16, 2020, The Bank of England Governor Andrew Bailey poses for a photograph at the central bank in London. The Bank of England slashed its key interest rate to 0.1%, on Thursday March 19, 2020, its lowest-ever level, amid global economic turmoil sparked by the coronavirus pandemic. For some people the COVID-19 coronavirus causes mild or moderate symptoms, but for some it causes severe illness.(Tolga Akmen/AP, FILE)
March 19, 2020 - 1:47 pm
LONDON (AP) — The Bank of England slashed its main interest rate to 0.1%, the lowest level since its founding in 1694, and reactivated a bond-buying stimulus program to cushion against the economic shock of the coronavirus pandemic. The bank's nine-member Monetary Policy Committee said in a...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, March 12, 2020, U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. (AP Photo/Steve Helber, File)
March 19, 2020 - 1:06 pm
WASHINGTON (AP) — U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Home loan rates had hit all-time lows two weeks ago. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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People wearing face masks travel by metro in Brussels, Wednesday, March 18, 2020. Belgium has ordered further lockdown measures starting Wednesday, following in the steps of European neighbours Italy, Spain and France. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Francisco Seco)
March 18, 2020 - 7:25 pm
FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets roiled by the virus outbreak and counter what is expected to be a recession in the 19 countries that use the euro currency. The purchases are aimed at keeping...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. The Federal Reserve says it will buy short-term loans from banks and companies to support the flow of credit as the economy grinds to a halt amid the viral outbreak. The Fed is reviving a program that it first used during the 2008 financial crisis to unclog a short-term lending market for what is known as “commercial paper.” (AP Photo/Jacquelyn Martin, File)
March 17, 2020 - 7:19 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. The first, announced mid-morning, is...
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A man sits alone at a coffee shop area at a shopping centre in London, Tuesday, March 17, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)
March 17, 2020 - 3:14 pm
Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, as did U.S futures markets. There is...
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