Finance

“Will mortgage rates remain low?” Probably, for the time being. It’s a question many homeowners, and potential home buyers, are asking. But with uncertainty rampant, thanks to turbulent financial markets and the spreading coronavirus, it’s hard to say for sure just how long they’ll stay rock bottom. Last week, for instance, the average rate on […]

The Latest on the world’s coronavirus pandemic, which has infected more than 183,000 people and killed more than 7,100. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. More than 79,000 people have recovered so far, mostly in

On Sunday morning, Goldman Sachs, the financial partner on the new Apple credit card, said it would allow all cardholders who asked for help to skip their March credit card bill. The interest would disappear, never to be charged. And Goldman would foot the bill itself, as the financial backer of the partnership. On Sunday

To understand why the world economy is in grave peril because of the spread of coronavirus, it helps to grasp one idea that is at once blindingly obvious and sneakily profound. One person’s spending is another person’s income. That, in a single sentence, is what the $87 trillion global economy is. That relationship, between spending

ISLAMABAD — Pakistan’s prime minister said Monday he fears the new coronavirus will devastate the economies of developing nations, and warned richer economies to prepare to write off the debts of the world’s poorer countries. In an interview with The Associated Press, Imran Khan criticized recent comments by the president of neighboring Afghanistan, which appeared

BANGKOK — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo’s Nikkei 225 climbed 0.8% at one point but

March 16 (Reuters) – Coronavirus fears led to a historic drop in U.S. stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak. Financial markets had their worst day in 30 years despite emergency action by global central banks

Distilleries are  putting their spirits to work to help fill the shortage of hand sanitizers due to the coronavirus outbreak By MICHAEL RUBINKAM and LISA RATHKE Associated Press March 16, 2020, 11:26 PM 4 min read NEW TRIPOLI, Pa. — A Pennsylvania distillery owner who grew increasingly angry as he saw the skyrocketing price of

Nordstrom says it will temporarily close all of its stores for two weeks starting Tuesday as it tries to limit the spread of the new virus By ANNE D’INNOCENZIO AP Retail Writer March 17, 2020, 1:16 AM 1 min read NEW YORK — Nordstrom Inc. says it will temporarily close all of its stores for

Schools are closed in West Virginia but bars in Charleston, the capital, are still open. In Sun Prairie, Wis., Sunday services were held as usual at one church, even though three members of another church two miles away tested positive for the coronavirus last week. “In case you’re wondering, we’re still on this morning,” Focus