Financial services

1010 WINS Newsroom
May 18, 2020 - 10:35 am
HONOLULU (AP) — Hawaii’s largest public pension fund suffered its worst quarterly loss in more than 17 years because of the economic impact of the coronavirus. The state Employees’ Retirement System investments fell 9.5%, The Honolulu Star-Advertiser reported Sunday. The fund’s assets, which...
Read More
FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. Federal Reserve Chair Jerome Powell expressed optimism Sunday, May 17, 2020 that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn't erupt in a second wave. But he suggested that a full recovery won't likely be possible before the arrival of a vaccine.. (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
May 17, 2020 - 7:31 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn't erupt in a second wave. But he suggested that a full recovery won't likely be...
Read More
FILE - In this April 27, 2020 file photo, a plastic sheet is laid between two workers needing to face each other to perform their task, as a safety measure for coronavirus contamination, at the Fiat Chrysler Automobiles plants of Atessa, in Central Italy. Fiat Chrysler Automobiles has confirmed a request for an Italian state-backed loan to help the sector relaunch from the coronavirus shutdown, a move that set off debate in Italy over whether such money should be made available to companies with legal headquarters overseas. (Cecilia Fabiano/LaPresse via AP)
1010 WINS Newsroom
May 17, 2020 - 10:08 am
SOAVE, Italy (AP) — Fiat Chrysler Automobiles has confirmed a request for an Italian state-backed loan to help the automotive sector relaunch from the coronavirus shutdown, a move that set off debate in Italy over whether such money should be made available to companies with legal headquarters...
Read More
FILE - This Jan. 14, 2010, file photo, shoes The Federal Reserve Building in Washington Thursday,. The Federal Reserve says that parts of the U.S. financial system came under severe strain in March as a global pandemic was shutting down much of the economy. But quick action by the central bank helped alleviate many of the stresses. (AP Photo/Alex Brandon, File)
1010 WINS Newsroom
May 15, 2020 - 6:21 pm
WASHINGTON (AP) — The Federal Reserve said Friday that Wall Street remains vulnerable to another shock if the global pandemic takes an “unexpected course” putting renewed strains on the economy and the country's financial system. The central bank said the financial system came under severe pressure...
Read More
A man walks across the Millennium Bridge in London, Wednesday, May 13, 2020, as the country continues in lockdown to help stop the spread of coronavirus. Despite the relaxation of some of the coronavirus lockdown measures on Wednesday central London was still quite. (AP Photo/Tony Hicks)
1010 WINS Newsroom
May 14, 2020 - 6:45 am
LONDON (AP) — The pandemic will cost the insurance industry over $200 billion, according to Lloyds of London, who estimated that its own payouts are now on a par with the Sept. 11, 2001 attacks or the combined impact of hurricanes Harvey, Maria and Irma in 2017. Lloyds, which as an insurance market...
Read More
FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference in Washington. Powell provided a bleak outlook for the U.S. economy in remarks Wednesday, May 13, and urged Congress and the White House to act further to offset the damage from the viral outbreak. (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
May 13, 2020 - 4:48 pm
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. The Fed and Congress have taken far-reaching steps to try to...
Read More
Becky Richards keeps an eye out for customers at a recently-reopened Starbucks, Wednesday, May 13, 2020, in Freeport, Maine. Business has been slow at the coffee shop as most of it's neighboring retail stores remain closed during the coronavirus pandemic. (AP Photo/Robert F. Bukaty)
1010 WINS Newsroom
May 13, 2020 - 2:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LEISURE: Boeing said this week that it's...
Read More
Leslie Musumecci checks a text while Emily Summerville rinses her hair Monday, May 11, 2020 at The Nook on 7th Street in Tuscaloosa, Ala. the first time since mid-March when personal contact businesses were shut down due to COVID-19 restrictions. Summerville owns The Nook with her husband. She said they had fielded many calls for appointments and were doing their best to accommodate those who had waited the longest to get them in first. (Gary Cosby Jr./Tuscaloosa News via AP)
1010 WINS Newsroom
May 11, 2020 - 6:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ EARNINGS SEASON: The damage from the pandemic is playing...
Read More
A person wearing a protective face mask as a precaution against the coronavirus walks past stuttered businesses in Philadelphia, Thursday, May 7, 2020. Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. (AP Photo/Matt Rourke)
1010 WINS Newsroom
May 07, 2020 - 8:18 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: All aspects of travel, road, rail...
Read More
FILE - This Aug. 11, 2019 file photo shows credit cards in New Orleans. U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday, May 7, 2020. (AP Photo/Jenny Kane, file)
1010 WINS Newsroom
May 07, 2020 - 4:17 pm
WASHINGTON (AP) — U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday. The Fed's report is the latest sign of how the coronavirus...
Read More

Pages