Banking and credit

President Donald Trump listens to a question during a meeting with Canadian Prime Minister Justin Trudeau in the Oval Office of the White House, Thursday, June 20, 2019, in Washington. (AP Photo/Evan Vucci)
June 24, 2019 - 8:31 am
WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions. Trump says the Federal Reserve "doesn't know what it's doing" and raised interest rates too quickly. The...
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June 24, 2019 - 1:24 am
WELLINGTON, New Zealand (AP) — New Zealand remains one of the few developed countries where people with bank savings have no recourse if their bank fails, but the government says that's about to change. Finance Minister Grant Robertson on Monday announced plans for a program aimed at individual...
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June 21, 2019 - 4:13 pm
NEW YORK (AP) — All 18 of the nation's largest and most complex banks are strong enough to withstand a severe economic downturn and would be able to stay in business without collapsing, the Federal Reserve said Friday. The results are from the first round of the central bank's annual stress tests,...
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FILE - In this June 11, 2019, file photo specialist Anthony Rinaldi talks with colleagues on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, June 21. (AP Photo/Richard Drew, File)
June 21, 2019 - 1:12 pm
Major U.S. stock indexes moved mostly lower in afternoon trading Friday as a weeklong rally fizzled out a day after the market hit an all-time high. The benchmark S&P 500 index was still on track to notch its third straight weekly gain following four consecutive weekly losses. Trading was muted...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 21, 2019. Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high as weak manufacturing data from Japan helped dampen investor sentiment. (AP Photo/Ahn Young-joon)
June 21, 2019 - 2:41 am
BANGKOK (AP) — Shares retreated in Asia on Friday after a broad rally for stocks drove the S&P 500 index to an all-time high, as weak manufacturing data from Japan helped dampen investor sentiment. Japan's Nikkei 225 index lost 1.0% to 21,258.64 and the Hang Seng in Hong Kong dropped 0.5% to 28...
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Trader Joseph Lawler works on the floor of the New York Stock Exchange, Thursday, June 20, 2019. (AP Photo/Richard Drew)
June 20, 2019 - 10:36 am
NEW YORK (AP) — An early surge on the stock market Thursday put the S&P 500 index within range of another record high. The S&P 500 rose 0.6% as of 11:20 a.m. Eastern time and was slightly below the record close it reached April 30. The index has now erased most of its losses from May, when...
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Bank of England Governor, Mark Carney talks with British Chancellor of the Exchequer Philip Hammond during the G20 Finance Ministers and Central Bank Governors Meeting, Saturday, June 8, 2019, in Fukuoka, Japan. (Kim Kyung-hoon/Pool Photo via AP)
June 20, 2019 - 7:58 am
LONDON (AP) — The Bank of England kept its main interest rate on hold at 0.75% on Thursday and warned that a combination of Brexit worries and global trade tensions was weighing on growth. All nine members of the Monetary Policy Committee backed the decision to not change rates. There had been some...
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Chinese investors monitor stock prices at a brokerage house in Beijing, Thursday, June 20, 2019. Asian shares were higher on Thursday, with the Shanghai benchmark up 2.6%, after the Federal Reserve reaffirmed that it’s prepared to cut interest rates if needed to shield the U.S. economy from trade conflicts or other threats. (AP Photo/Mark Schiefelbein)
June 20, 2019 - 6:59 am
BANGKOK (AP) — Global markets advanced Thursday on hopes for a trade truce between the United States and China and the Federal Reserve's hint at lower rates. The price of oil surged amid heightened tensions between Iran and the U.S. Confirmation of a meeting between President Donald Trump and his...
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FILE - In this June 2, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 19, 2019 - 2:56 pm
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate — which influences many consumer and business...
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Peter Tuchman, center, works with fellow traders on the floor of the New York Stock Exchange, Wednesday, June 19, 2019. Investors are in wait-and-see mode hours ahead of a widely anticipated Federal Reserve decision on interest rates. (AP Photo/Richard Drew)
June 19, 2019 - 12:42 pm
U.S. stock indexes moved sideways in afternoon trading Wednesday on Wall Street ahead of a highly anticipated Federal Reserve statement on interest rates. The muted trading follows two days of gains that are driving a June rebound in stocks after a dismal sell-off in May. The broad S&P 500...
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