Banking and credit

FILE - In this June 19, 2019, file photo the Washington news conference of Federal Reserve Chair Jerome Powell appears on television screen on the trading floor of the New York Stock Exchange shows the rate decision of the Federal Reserve. The Fed concludes its two-day meeting Wednesday, Oct. 30. (AP Photo/Richard Drew, File)
1010 WINS Newsroom
October 30, 2019 - 12:05 am
WASHINGTON (AP) — The Federal Reserve is set to cut its benchmark interest rate Wednesday for a third time this year to help sustain the U.S. economic expansion in the face of widespread trade tensions and slower global growth. But the Fed's policymakers will likely frustrate anyone who is hoping...
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Edward McCarthy, center, works with fellow traders on the floor of the New York Stock Exchange, Tuesday, Oct. 29, 2019. Stocks are off to a slightly lower start on Wall Street as communications and energy companies fall. (AP Photo/Richard Drew)
1010 WINS Newsroom
October 29, 2019 - 5:53 pm
Technology companies led stocks lower on Wall Street Tuesday as a wobbly day of trading ended with modest losses for the market. Health care stocks jumped on stronger-than-expected reports from drugmakers, but losses by internet and media companies held the market in check. Companies have largely...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell listens to feedback during a panel at the Federal Reserve Board Building in Washington. The Fed concludes its two-day meeting Wednesday, Oct. 30. (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
October 29, 2019 - 11:24 am
WASHINGTON (AP) — Economists and investors who are trying to get a fix on what the Federal Reserve may do in the months ahead have zeroed in on a single phrase in the statement it has issued after its most recent policy meetings. The phrase seems innocuous enough. The Fed's policymakers, it states...
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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, Tuesday, Oct. 29, 2019. Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
October 29, 2019 - 8:02 am
BANGKOK (AP) — Shares in Europe turned lower on Tuesday after a mixed session in Asia, where Chinese benchmarks declined after Hong Kong's leader warned political protests may push the territory into recession. Wall Street appeared headed for declines at the open, a day after the benchmark S&P...
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Trader Craig Esposito works on the floor of the New York Stock Exchange, Monday, Oct. 28, 2019. The S&P 500 rose 16 points, or 0.6 %, to 3,039, while the Dow Jones Industrial Average added 132 points, or 0.5%, to 27,090. (AP Photo/Richard Drew)
1010 WINS Newsroom
October 28, 2019 - 5:29 pm
The S&P 500 index closed at an all-time high Monday, extending a recent string of gains in what's mostly been a solid month for the market. The benchmark index closed at 3,039.42, around 14 points above its previous record set on July 26. The S&P 500 notched its latest milestone after weeks...
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October 28, 2019 - 4:02 pm
ATHENS, Greece (AP) — Greece has won approval from its European creditors to repay part of its debts to the International Monetary Fund earlier than required, thus avoiding cumbersome interest payments. Monday's decision also spares Greece the obligation of having to make a massive early repayment...
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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, Oct. 28, 2019. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
October 28, 2019 - 7:39 am
BEIJING (AP) — Global stock markets mostly rose Monday as investors eyed a busy week of corporate earnings and a possible U.S. interest rate cut. Major indexes in Frankfurt, Shanghai and Tokyo advanced as fears about U.S.-Chinese trade tension receded. Shares in London dipped after the European...
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1010 WINS Newsroom
October 25, 2019 - 3:42 pm
NEW YORK (AP) — In a story Oct. 24 about American Express' new Green Card, The Associated Press misidentified credit card industry expert Matt Schulz's place of employment. Schultz works for Comparecards.com, not Creditcards.com. A corrected version of the story is below: Iconic AmEx 'Green Card'...
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President of European Central Bank Mario Draghi comes to a press conference after chairing his last policy meeting in Frankfurt, Germany, Thursday, Oct. 24, 2019. (AP Photo/Michael Probst)
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October 24, 2019 - 9:12 am
FRANKFURT, Germany (AP) — As he winds up his eight-year term, European Central Bank President Mario Draghi said Thursday that his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package. Draghi said that criticism of the decision to...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg pauses while testifying before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg plans to tell Congress Wednesday, Oct. 23, 2019, that the company’s planned Libra cryptocurrency won’t launch unless all U.S. regulators approve. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
October 22, 2019 - 5:25 pm
SAN FRANCISCO (AP) — Facebook CEO Mark Zuckerberg aims to reassure Congress on Wednesday that his company won't try to evade financial regulators as it prepares its planned digital currency Libra. In prepared remarks released Tuesday ahead of a hearing before the House Financial Services Committee...
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