Financial markets

A currency trader talks near screens at the foreign exchange dealing room in Seoul, South Korea, Friday, May 15, 2020. Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. (AP Photo/Lee Jin-man)
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May 15, 2020 - 4:48 pm
Stocks capped another wobbly day of trading on Wall Street with modest gains Friday, though the S&P 500 still ended with its biggest weekly loss in nearly two months. The benchmark index rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the...
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The sun rises over one of of the main roads in Frankfurt, Germany, Friday, May 15, 2020. (AP Photo/Michael Probst)
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May 15, 2020 - 6:30 am
BERLIN (AP) — The German economy shrank by 2.2% in the first quarter compared with the previous three-month period as shutdowns in the country and beyond started to bite, official data showed Friday. That means Europe's biggest economy went into recession following a small dip at the end of last...
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A currency trader talks near screens at the foreign exchange dealing room in Seoul, South Korea, Friday, May 15, 2020. Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. (AP Photo/Lee Jin-man)
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May 14, 2020 - 11:41 pm
TOKYO (AP) — Asian shares were mixed Friday as markets meandered on news about economies reopening, mixed with worries about the prolonged health risks from the new coronavirus. Japan's benchmark Nikkei 225 edged down nearly 0.2% to 19,881.46 in morning trading. South Korea's Kospi fell 0.3% to 1,...
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House Speaker Nancy Pelosi of Calif., smiles during a news conference on Capitol Hill, Thursday, May 14, 2020, in Washington. (AP Photo/Andrew Harnik)
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May 14, 2020 - 10:10 pm
WASHINGTON (AP) — House Speaker Nancy Pelosi lashed out Thursday at Trump administration officials and congressional Republicans seeking to slow work on a fresh round of coronavirus relief. The White House responded minutes later with a threat that President Donald Trump would veto the $3 trillion...
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FILE - In this Nov. 25, 2019, file photo a sign for TD Ameritrade is shown on an office window for the brokerage in New York. The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global economic outlook. Stuck at home, but armed with online trading apps, individual investors helped drive the historic comeback for stocks since late March 2020. (AP Photo/Mark Lennihan, File)
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May 14, 2020 - 1:06 pm
LOS ANGELES (AP) — The lure of snapping up stocks at bargain prices has been too strong to pass up for many people, even as uncertainty over the coronavirus pandemic clouds the market and global economic outlook. Stuck at home, but armed with online trading apps, individual investors helped drive...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
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May 14, 2020 - 11:05 am
WASHINGTON (AP) — Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions. The wave of layoffs has heightened concerns that...
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German Finance Minister Olaf Scholz addresses the media during a press conference in Berlin, Germany, Thursday, May 14, 2020. (AP Photo/Michael Sohn, pool)
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May 14, 2020 - 10:05 am
BERLIN (AP) — The German government’s tax revenue is likely to sink by 81.5 billion euros ($88.4 billion) this year as a result of the coronavirus crisis, the first drop since the financial crisis a decade ago, according to an official estimate released Thursday. A twice-yearly assessment by tax...
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FILE - In this Feb. 18, 2020 file photo, people walk on a bridge under an election campaign billboard for the Blue and White party, then an opposition party led by Benny Gantz, left, and showing Israeli Prime Minister Benjamin Netanyahu, in Ramat Gan, Israel. After three deadlocked and divisive elections, and a year and a half of political paralysis, Israel is finally swearing in a new government, with Netanyahu securing a historic fifth term in office thanks to a controversial power-sharing deal with rival-turned-partner Gantz. The deal calls for Netanyahu to serve as prime minister for the government’s first 18 months before being replaced by Gantz. (AP Photo/Oded Balilty)
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May 14, 2020 - 7:43 am
JERUSALEM (AP) — After three deadlocked and divisive elections, and a year and a half of political paralysis, Israel was finally swearing in a new government on Thursday, with Prime Minister Benjamin Netanyahu securing a historic fifth term in office thanks to a controversial power-sharing deal...
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In this May 12, 2020, photo, people gather outside shops in Beaver, Pa. Pennsylvania Gov. Tom Wolf is struggling to fight against a Republican revolt over his stay-at-home orders and business shutdowns. Egged on by state GOP lawmakers, counties have threatened to defy his orders while at least a few business owners have reopened their doors despite his warnings. (AP Photo/Gene J. Puskar)
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May 14, 2020 - 7:19 am
HARRISBURG, Pa. (AP) — By many accounts, Gov. Tom Wolf has helped mitigate Pennsylvania's coronavirus outbreak and avoided the full-blown disasters seen elsewhere. His success in the next challenge — containing the growing resistance to his efforts — is to be determined. The Democrat at the helm in...
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New Zealand Prime Minister Jacinda Ardern, right, walks with Deputy Prime Minister Winston Peters to the house for the budget delivery speech at Parliament in Wellington, New Zealand, Thursday, May 14, 2020. New Zealand's government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. (Hagen Hopkins/Pool Photo via AP)
1010 WINS Newsroom
May 14, 2020 - 3:58 am
WELLINGTON, New Zealand (AP) — New Zealand’s government plans to borrow and spend vast amounts of money as it tries to keep unemployment below 10% in the wake of the coronavirus pandemic. Finance Minister Grant Robertson on Thursday unveiled a budget unlike any in the nation's history. Debt would...
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