Economy

A man wearing a face mask walks past statues of bulls in Beijing, Friday, Feb. 28, 2020. Asian stock markets fell further Friday on spreading virus fears, deepening an global rout after Wall Street endured its biggest one-day drop in nine years. (AP Photo/Mark Schiefelbein)
AP
February 28, 2020 - 6:50 am
Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany's DAX skidded as much as 5% before stabilizing, Tokyo and Shanghai closed 3.7% lower...
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Traders work on the floor of the New York Stock Exchange Thursday, Feb. 27, 2020. (AP Photo/Craig Ruttle)
AP
February 27, 2020 - 9:23 pm
Asian stock markets fell further Friday on spreading virus fears, deepening an global rout after Wall Street endured its biggest one-day drop in nine years. Tokyo's benchmark fell by an unusually wide margin of 3.4% and Shanghai, Hong Kong and Seoul all dropped by more than 2%. Oil prices slumped...
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People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, Feb. 27, 2020. Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China. (AP Photo/Kin Cheung)
AP
February 27, 2020 - 6:33 am
Global stock markets fell Thursday on concerns that the coronavirus was spreading to more countries, putting further strain on businesses and supply chains across the world. In Europe, where new cases were being reported, Germany's DAX lost 2.2% to 12,496 and the CAC 40 in Paris dropped 2.3% to 5,...
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President Donald Trump with members of the president's coronavirus task force speaks during a news conference at the Brady press briefing room of the White House, Wednesday, Feb. 26, 2020, in Washington. (AP Photo/Manuel Balce Ceneta)
AP
February 27, 2020 - 5:04 am
WASHINGTON (AP) — President Donald Trump faces a critical personal challenge in grappling with the new coronavirus outbreak: asking Americans to believe him after he and some of his top advisers have contradicted federal scientists in playing down the threat. Keenly aware of the stakes not just for...
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Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 26, 2020. Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy.(AP Photo/Ahn Young-joon)
AP
February 26, 2020 - 7:02 am
LONDON (AP) — Global shares fell sharply once again Wednesday as fears over the speed of the new coronavirus around the world accentuated. With the spread around Europe gathering pace — Greece became the latest country to reveal its first case — investors are getting increasingly concerned about...
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Secretary of Health and Human Services Alex Azar testifies before a Senate Appropriations subcommittee on President Donald Trump's budget request for fiscal year 2021, on Capitol Hill in Washington, Tuesday, Feb. 25, 2020. President Donald Trump said Tuesday that the urgent $2.5 billion plan for coronavirus he sent to lawmakers will prepare the nation in case of an outbreak in the U.S. and help other nations unprepared to handle the threat. (AP Photo/J. Scott Applewhite)
AP
February 25, 2020 - 4:58 pm
WASHINGTON (AP) — President Donald Trump and chief economic adviser said Tuesday that the new coronavirus is under control in the U.S., even as the government's top disease fighters warned Americans to prepare for an outbreak here. The mixed messages came as the stock market tumbled for a second...
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A currency trader wears a face mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Feb. 24, 2020. (AP Photo/Ahn Young-joon)
AP
February 24, 2020 - 6:14 am
BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook. The decline promises a sharp drop on Wall Street when it opens and...
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FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)
AP
February 21, 2020 - 6:05 am
BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
AP
February 20, 2020 - 12:53 am
TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, with the Shanghai benchmark jumping nearly 2% after China's central bank cut interest rates to help ease credit for companies stricken by the virus outbreak centered on the city of Wuhan. Japan's benchmark...
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Democratic presidential candidate and former New York City Mayor Mike Bloomberg greets supporters after speaking at a campaign event in Raleigh, N.C., Thursday, Feb. 13, 2020. (AP Photo/Gerald Herbert)
AP
February 14, 2020 - 6:30 am
WASHINGTON (AP) — Democratic presidential candidates hoping to revive their flagging campaigns increasingly took aim at Mike Bloomberg, blasting their billionaire rival for trying to buy his way into the White House and raising questions about his commitment to racial equality. Struggling to...
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