Banking and credit

FILE - In this Jan. 9, 2020, file photo specialist Brian Giannettino works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 24. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
January 24, 2020 - 5:03 pm
Health care companies led a broad slide in U.S. stocks Friday as increased fears over the spread of a deadly outbreak of coronavirus rattled markets. The S&P 500 had its worst day since early October and snapped a two-week winning streak. The sell-off followed news that a Chicago woman has...
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A restaurant sign alerts customers that it's "now cashless," Thursday Jan. 23, 2020, in New York. Lawmakers in New York City were voting Thursday on a measure to require stores and restaurants to accept cash. Critics of the cash-free business model say it discriminates against people who don't have bank accounts or who prefer to use cash. (AP Photo/Bebeto Matthews)
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January 23, 2020 - 5:34 pm
NEW YORK (AP) — New York City lawmakers voted Thursday to require stores and restaurants to accept cash for payment, saying businesses that accept only credit and debit cards are discriminating against New Yorkers who lack bank accounts and credit cards. “This practice punishes the underbanked,”...
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President of European Central Bank Christine Lagarde smiles prior to a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, Jan. 23, 2020. (AP Photo/Michael Probst)
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January 23, 2020 - 11:53 am
FRANKFURT, Germany (AP) — The European Central Bank has decided to launch a top-to-bottom review of how it steers the economy in the 19 countries that use the euro currency. The review, the first since the global financial crisis, could include tweaking the bank's goal for inflation and finding...
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Meng Wanzhou, chief financial officer of Huawei, leaves her home to go to B.C. Supreme Court in Vancouver, Wednesday, January 22, 2020. Wanzhou is in court for hearings over an American request to extradite the executive of the Chinese telecom giant Huawei on fraud charges. (Jonathan Hayward/The Canadian Press via AP)
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January 22, 2020 - 3:42 pm
VANCOUVER, British Columbia (AP) — A Canadian justice department lawyer said Wednesday that fraud, not sanctions, is the crucial element for a judge to consider when deciding if a senior executive of Chinese tech giant Huawei should be extradited to the United States. This week's hearings deal with...
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January 21, 2020 - 4:19 pm
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday: Delta Air Lines, Inc., down $1.69 at $60.34. Airlines and travel companies fell as concern about a Chinese disease outbreak grows. Peoples Bancorp Inc., up 62 cents at $35.23. The Marietta, Ohio-based bank's fourth-...
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Clouds drift over the European Central Bank, right, in Frankfurt, Germany, Saturday, Jan. 18, 2020. (AP Photo/Michael Probst)
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January 21, 2020 - 9:57 am
FRANKFURT, Germany (AP) — Major central banks have joined together to explore whether they should issue digital currencies as the use of cash declines and more people turn to electronic forms of paying. The study group is made up of the European Central Bank, the Bank of Japan, the Bank of Canada,...
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A worker cleans up an electronic stock board of a securities firm in Tokyo, Tuesday, Jan. 21, 2020. Asian stock markets have tumbled as concern about the impact of a Chinese disease outbreak on tourism and regional economies grows. (AP Photo/Koji Sasahara)
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January 21, 2020 - 4:26 am
BEIJING (AP) — Global stock and oil prices tumbled Tuesday as concern about the impact of a Chinese disease outbreak increased and a rating agency cut Hong Kong's credit rating for official borrowing due to political tension. Japan's central bank left its key interest rate unchanged and upgraded...
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An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)
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January 20, 2020 - 8:24 am
WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)
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January 16, 2020 - 8:38 pm
WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations...
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Clouds pass by the European Central Bank in Frankfurt, Germany, Thursday, Jan. 16, 2020. (AP Photo/Michael Probst)
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January 16, 2020 - 9:30 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the Dec. 12...
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