Financial markets

Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Aug. 23, 2019. Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. (AP Photo/Richard Drew)
August 23, 2019 - 3:16 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Markets are closing sharply lower after the latest escalation of the U.S.-China trade dispute. President Donald Trump said U.S. companies are "hereby ordered" to find an alternative to doing business with...
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FILE - In this Aug. 19, 2019, file photo traders Gregory Rowe, left, and Michael Milano work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Aug. 23. (AP Photo/Richard Drew, File)
August 23, 2019 - 1:07 pm
Stocks tumbled on Wall Street after President Donald Trump said he "hereby ordered" U.S. companies to consider alternatives to doing business in China. He also said he would respond to Beijing's latest tariff increase later Friday. The Dow Jones Industrial Average sank nearly 500 points after the...
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Screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rates are seen at the foreign exchange dealing room in Seoul, South Korea, Friday, Aug. 23, 2019. Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. (AP Photo/Lee Jin-man)
August 23, 2019 - 11:05 am
WASHINGTON (AP) — The Latest on the gathering of central bankers in Jackson Hole, Wyoming (all times local): 12 noon. Some economists saw Federal Reserve Chairman Jerome Powell's speech in Jackson Hole as setting the stage for further interest rate cuts this year. A quarter-point rate cut reduction...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Friday, Aug. 23, 2019. Asian stock markets were mixed on Friday after Wall Street declined ahead of a closely watched speech by the U.S. Federal Reserve chairman. (AP Photo/Lee Jin-man)
August 23, 2019 - 6:42 am
BEIJING (AP) — Global stock markets rose Friday ahead of a closely watched speech by the U.S. Federal Reserve chairman at a gathering of global central bankers in Jackson Hole, Wyoming. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all advanced. Investors are looking to Jerome Powell's...
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FILE - In this Aug. 16, 2019, file photo traders Dudley Devine, left, and Christopher Fuchs work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 22. (AP Photo/Richard Drew, File)
August 22, 2019 - 9:26 am
Stocks moved broadly higher on Wall Street in early trading Thursday, extending the market's gains from the day before. Technology companies and banks accounted for a big share of the gains as investors welcomed another batch of encouraging corporate earnings reports. Retailers Nordstrom, BJ's...
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President Donald Trump waves to the crowd after arriving on Air Force One at Louisville International Airport in Louisville, Ky., Wednesday, Aug. 21, 2019. Trump is in town to speak at the American Veterans (AMVETS) 75th National Convention. (AP Photo/Susan Walsh)
August 22, 2019 - 5:17 am
WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional Budget Office reported Wednesday...
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A currency trader walks near screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Aug. 22, 2019. Asian stock markets are mixed Thursday following Wall Street’s rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. (AP Photo/Lee Jin-man)
August 22, 2019 - 3:43 am
BEIJING (AP) — Global stock markets were mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S. Federal Reserve chairman for clues about possible interest rate cuts. Investor reaction was muted following Wednesday's release of notes from the latest Fed...
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Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Wednesday, Aug. 21, 2019. Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers. (AP Photo/Richard Drew)
August 21, 2019 - 11:21 pm
Strong earnings reports from several big retailers helped drive stocks broadly higher on Wall Street Wednesday, placing the market on track to recover most of its losses from the day before. Target and Lowe's surged, leading a rally in retail stocks, as the market bounced back from its first loss...
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German Chancellor Angela Merkel, right, and German Finance Minister Olaf Scholz, left, talk as they arrive for the weekly cabinet meeting at the Chancellery in Berlin, Germany, Wednesday, Aug. 21, 2019. The German government sold 30-year bonds at a negative interest rate Wednesday Aug. 21, 2019, in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.(AP Photo/Michael Sohn)
August 21, 2019 - 2:41 pm
FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds...
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People stand by an electronic stock board of a securities firm in Tokyo, Wednesday, Aug. 21, 2019. Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. (AP Photo/Koji Sasahara)
August 21, 2019 - 6:59 am
BEIJING (AP) — Global stock markets were back in positive territory Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Market benchmarks in London and Frankfurt rose in early trading. On Wall Street, the...
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