Financial services

Trader Fred Reimer works on the floor of the New York Stock Exchange, Friday, July 19, 2019. U.S. stocks moved broadly higher in early trading on Wall Street Friday and chipped away at the week's losses. (AP Photo/Richard Drew)
July 19, 2019 - 1:58 pm
NEW YORK (AP) — U.S. stock indexes sloshed between small gains and losses Friday after Microsoft, American Express and other big companies offered up a mixed set of earnings reports. The big event for markets is still a couple weeks away, when investors expect the Federal Reserve to cut interest...
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July 19, 2019 - 7:44 am
NEW YORK (AP) — American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit card balance and increased spending on its namesake cards. The New York company said it earned a profit of $1.76 billion, or $2.07 a share. That's up from...
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A Chinese man monitors stock prices at a brokerage in Beijing on Friday, July 19, 2019. Asian shares rebounded Friday on hopes for progress in trade talks between China and the U.S., extending overnight gains on Wall Street. (AP Photo/Ng Han Guan)
July 19, 2019 - 4:04 am
BANGKOK (AP) — Shares powered ahead in Europe and Asia on Friday, helped by for progress in trade talks between China and the U.S. and by expectations that the U.S. central bank will cut interest rates soon. Britain's FTSE 100 added 0.6% to 7,538.01 and the CAC 40 in Paris rose 0.8% to 5,593.98. In...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, July 18, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Steve Helber, File)
July 18, 2019 - 12:29 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates soon. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage increased to 3.81...
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Trader Gregory Rowe, left, and specialist Peter Giacchi work on the floor of the New York Stock Exchange, Thursday, July 18, 2019. U.S. stocks moved lower in early trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. (AP Photo/Richard Drew)
July 18, 2019 - 11:07 am
NEW YORK (AP) — U.S. stocks moved lower in midday trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. The streaming video service plunged after subscriber additions fell far below Wall Street forecasts during the April-June...
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This July 12, 2019, photo shows the UnitedHealthcare headquarters in Minneapolis. UnitedHealthcare Inc. reports earnings Thursday, July 18, 2019. (AP Photo/Jim Mone)
July 18, 2019 - 9:58 am
UnitedHealth raised profit expectations for the year after second-quarter earnings climbed almost 13%, and the nation's largest health insurer continued expanding beyond its core business and into care delivery. A nearly 12% jump in revenue from the company's pharmacy benefit management operation...
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Senate Armed Services Committee member Sen. Elizabeth Warren, D-Mass., questions Secretary of the Army and Secretary of Defense nominee Mark Esper during his confirmation hearing on Capitol Hill in Washington, Tuesday, July 16, 2019. (AP Photo/Manuel Balce Ceneta)
July 18, 2019 - 8:15 am
WASHINGTON (AP) — White House hopeful Elizabeth Warren is proposing new regulations on the private equity industry, pitching constraints designed to end what she decries as "legalized looting" by investment firms that take over troubled companies. Warren's plan, the latest in a series of policy...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 2:25 am
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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In this Monday, July 15, 2019 photo a customer departs a Bank of America ATM, in Norwood, Mass. Bank of America Corp. reports earnings Wednesday, July 17. (AP Photo/Steven Senne)
July 17, 2019 - 6:58 am
NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74...
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U.S. Federal Reserve Chairman Jerome Powell speaks during a dinner hosted by the Bank of France in Paris, Tuesday, July 16, 2019. Finance officials from the Group of Seven rich democracies will weigh risks from new digital currencies and debate how to tax U.S. tech companies like Google and Amazon when they meet in the Paris suburb of Chantilly tomorrow. (AP Photo/Michel Euler)
July 16, 2019 - 1:53 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that the 2008 financial crisis accelerated major changes in the U.S. and global economies, leading to slower growth, lower inflation and lower interest rates. Delivering remarks to a Paris economic conference, Powell said that...
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