Financial markets

In this Nov. 25, 2019 file photo Federal Reserve Bank of Boston President Eric Rosengren, left, speaks during a round table discussion at Silver Lane Elementary School, in East Hartford, Conn. (AP Photo/Steven Senne, file)
1010 WINS Newsroom
May 20, 2020 - 4:28 pm
WASHINGTON (AP) — The president of a regional Federal Reserve bank that will oversee a groundbreaking business lending program said Wednesday that he thinks a slower-than-expected recovery from the economic downturn would lead companies to seek critical support from the program. In an interview...
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A man with a facemask walks past a wall mural in Singapore’s Little India district on Saturday, May 16, 2020. Wearing of facemarks is mandatory for everyone who goes outside their homes to control the spread of the coronavirus in the city state. Singapore has reported more than 27,000 COVID-19 cases, with 90% of the cases linked to foreign workers dormitories, but it has a low fatality rate of 21 deaths. (AP Photo/YK Chan)
1010 WINS Newsroom
May 20, 2020 - 12:31 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — UN Secretary-General warns virus pandemic threatens...
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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, Wednesday, May 20, 2020. Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
May 19, 2020 - 11:50 pm
TOKYO (AP) — Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. Japan's benchmark Nikkei 225 rose nearly 0.9% in morning trading to 20,606.92 on expectations that a state of...
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German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)
1010 WINS Newsroom
May 19, 2020 - 10:15 am
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her country’s longstanding opposition...
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FILE - This Nov. 15, 2018, file photo shows the logo of Sony at its showroom in Tokyo. Sony Corp. is making its financial services unit a wholly owned subsidiary to ensure stability as the Japanese entertainment and electronics company seeks to ride out the financial woes brought on by the new coronavirus pandemic. (AP Photo/Koji Sasahara, File)
1010 WINS Newsroom
May 19, 2020 - 5:50 am
TOKYO (AP) — Sony Corp. plans to make its financial services unit a wholly owned subsidiary to ensure stability as it rides out the hardships brought on by the coronavirus pandemic. “We will be able to carry out more flexible management,” Kenichiro Yoshida, chief executive of the Japanese...
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Treasury Secretary Steven Mnuchin speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. (AP Photo/Evan Vucci)
1010 WINS Newsroom
May 19, 2020 - 3:01 am
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin will likely come under tough questioning from senators Tuesday about a small business lending program included in the government's $2 trillion relief package. Lawmakers from both parties have criticized the Payroll Protection Program, which...
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FILE - In this Wednesday, July 25, 2018 file photo, cars are parked at a Fiat Chrysler car dealer in Milan, Italy. European car sales bottomed out last month as the automotive industry faces the worst crisis in decades. Strict lockdown measures to contain the coronavirus shutdown most dealerships across the continent for the full month of April, amid a precipitous drop in consumer spending, causing sales to collapse by an unprecedented 76%, according to the ACEA car manufacturers’ association. (AP Photo/Luca Bruno, File)
1010 WINS Newsroom
May 19, 2020 - 2:59 am
MILAN (AP) — European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships across the continent for the full month of April amid a precipitous drop in consumer spending, causing...
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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index Tuesday, May 19, 2020. Asian shares rose Tuesday on optimism about a potential vaccine for the coronavirus after hopes for a U.S. economic recovery in the second half of the year sent Wall Street into a rebound. (AP Photo/Vincent Yu)
1010 WINS Newsroom
May 19, 2020 - 12:09 am
TOKYO (AP) — Asian shares rose Tuesday on optimism about a potential vaccine for the coronavirus after hopes for a U.S. economic recovery in the second half of the year sent Wall Street into a rebound. Japan's benchmark Nikkei 225 added 1.9% in morning trading to 20,517.42. Australia's S&P/ASX...
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FILE - In this March 18, 2020, file photo, people are reflected on the electronic board of a securities firm in Tokyo. Japan's economic growth plunged into recession in the first quarter as the coronavirus pandemic squelched production, exports and spending, and fears are growing worse times may lie ahead, according to a report on Monday, May 18, 2020. (AP Photo/Koji Sasahara, File)
1010 WINS Newsroom
May 18, 2020 - 5:50 pm
WASHINGTON (AP) — The world economy likely faces a long slog back from the coronavirus crisis. Two reports out Monday predict that global growth will struggle to bounce back from the lockdowns, travel restrictions and business closures meant to contain the pandemic. IHS Markit said that it expects...
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FILE - In this March 25, 2020, file photo a member of the U.S. Army walks down the hall toward a monitor displaying COVID-19 safety information in Fort Meade, Md. As of last week, the Army had already exceeded its retention goal of 50,000 soldiers for the fiscal year ending in September, re-enlisting more than 52,000 so far. (AP Photo/Carolyn Kaster, File)
1010 WINS Newsroom
May 18, 2020 - 12:14 am
WASHINGTON (AP) — Army Sgt. Antonio Gozikowski was planning to leave the military next month and head to college. After serving for six years, the dental assistant's goal was to become a dentist, and then return to the Army in a few years with his expanded medical skills. But now, with the...
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