Financial markets

European Council President Charles Michel speaks during a media conference after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Francois Walschaerts, Pool Photo via AP)
1010 WINS Newsroom
March 29, 2020 - 12:25 pm
BARCELONA, Spain (AP) — Europe’s fractured union came under new pressure this weekend, as Italy and Spain pleaded for urgent European help to withstand the virus ordeal but Germany showed reluctance to plunge into any radical new solutions. The north-south divide that has dogged the European Union...
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German Chancellor Angela Merkel speaks at a press conference about coronavirus, in Berlin, Sunday, March 22, 2020. German authorities have issued a ban on more than two people meeting outside of their homes, which they believe will be easier to follow than locking people in their homes. The vast majority of people recover from the new coronavirus. According to the World Health Organization, most people recover in about two to six weeks, depending on the severity of the illness. (Michael Kappeler/Pool photo via AP)
1010 WINS Newsroom
March 29, 2020 - 3:20 am
BERLIN (AP) — In her first address to the nation on the coronavirus pandemic, German Chancellor Angela Merkel calmly appealed to citizens' reason and discipline to slow the spread of the virus, acknowledging as a woman who grew up in communist East Germany how difficult it is to give up freedoms,...
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An emergency hospital is set up with nine hundreds beds for coronavirus infected patients, in the Expo Center, Lahore, Pakistan, Thursday, March 26, 2020. The virus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/K.M. Chaudhry)
1010 WINS Newsroom
March 28, 2020 - 1:50 pm
ISLAMABAD (AP) — China sent a plane loaded with medical personnel and supplies Saturday to help Pakistan fight the spread of the coronavirus in one of the world's most populous nations. Across the Middle East and elsewhere, the outbreak has raised concerns that health systems strapped by multiple...
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In this image provided by Jay Woods, Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020. Stocks are opening lower on Wall Street, Friday, March 27, as the market gives back some of the gains it piled up over the past three days. (Shannon Woods/Courtesy Jay Woods via AP)
1010 WINS Newsroom
March 28, 2020 - 10:21 am
Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak, leaving some on Wall Street cautiously optimistic that the panicky selling that had gripped the market earlier may have come to an end. Even after a loss on Friday, the...
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FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)
1010 WINS Newsroom
March 28, 2020 - 8:43 am
NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)
1010 WINS Newsroom
March 27, 2020 - 11:02 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
1010 WINS Newsroom
March 27, 2020 - 8:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ____ UNDER REVIEW: This week, the U.S. reported that a staggering 3.3 million Americans...
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In this image provided by Jay Woods, Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020. Stocks are opening lower on Wall Street, Friday, March 27, as the market gives back some of the gains it piled up over the past three days. (Shannon Woods/Courtesy Jay Woods via AP)
1010 WINS Newsroom
March 27, 2020 - 4:11 pm
Stocks are closing more than 3% lower on Wall Street, giving back part of the gains they piled up over the past three days. A rally this week pushed the S&P 500 up 10% as traders became hopeful that a $2 trillion relief bill would ease the severe economic damage being caused by shutdowns...
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European Council President Charles Michel, left, speaks during a joint media conference with European Commission President Ursula von der Leyen, on screen right, after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Francois Walschaerts, Pool Photo via AP)
1010 WINS Newsroom
March 27, 2020 - 11:52 am
As the coronavirus claims lives, ruins livelihoods and wreaks economic havoc, tensions are rising between European Union countries over how best to respond as the pandemic overwhelms some member nations, once more raising troubling questions about the EU's ability to stand united in times of crisis...
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A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
March 26, 2020 - 11:38 pm
BANGKOK (AP) — Shares advanced on Friday in Asia after Wall Street logged a third straight day of gains with the approaching congressional approval of a massive coronavirus relief bill. Tokyo and Seoul jumped 1.2% and Shanghai added 0.6%, while stocks fell in Australia. Wall Street appeared to...
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