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Business

Stocks sink, Treasury prices soar as investors seek safety

Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies. The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. The price ...

Watchdog toughens global financial scrutiny of Iran

PARIS (AP) — An international agency monitoring terrorism funding announced tough new financial scrutiny of Iran on Friday and added seven countries to a watch list. Pakistan, meanwhile, won a reprieve from the Financial Action Task Force at its meetings in Paris this week. The monitoring ...

South Korea becomes newest front in shifting virus outbreak

SEOUL, South Korea (AP) — Cases of a new virus swelled Friday in South Korea, making the country the newest front in a widening global outbreak centered in China and now reverberating elsewhere. South Korea said two people have died and 204 have been infected with the virus, quadruple the ...

S&P 500 spins lower in trading as caution returns

NEW YORK (AP) — U.S. stocks spun lower in a dizzying day of trading Thursday as worries about the viral outbreak that started in China knocked the S&P 500 off its record high. The market had started the day off higher following another round of stronger-than-expected reports on the U.S. ...

US stocks brush off latest loss, hits record heights

NEW YORK (AP) — U.S. stocks shook off their latest virus-induced loss and returned to record heights Wednesday, with several familiar faces doing the heaviest lifting. Technology stocks helped lead the market higher, as they’ve been doing for years, and Apple rallied to recover most of ...

Stocks fall on Apple revenue warning and Dow drops 165

U.S. stock indexes closed with mostly modest losses Tuesday as the market gave up some of its solid gains from the past two weeks. Banks and technology stocks accounted for most of the decline. The Nasdaq eked out a tiny gain that was good enough to nudge it to another record high. The ...

Nissan shareholders furious at Ghosn scandal, dismal results

TOKYO (AP) — Nissan shareholders vented their outrage at the Japanese automaker’s top management Tuesday for crashing stock prices, zero dividends and quarterly losses after the scandal-ridden departure of former Chairman Carlos Ghosn. They got up, one by one, at an extraordinary ...

Stocks mostly rise but Japan skids on stark economic data

BANGKOK (AP) — Global stocks mostly rose Monday, with Shanghai’s benchmark jumping over 2% after the central bank rolled out support for the economy amid a virus outbreak that has infected over 71,000 people globally. Japan’s market slumped, however, on weak economic growth ...

Negative interest rates turn saving, borrowing upside down

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of ...

US stocks post small gains, major indexes up for the week

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. The Dow Jones Industrial Average ended ...