Finance

WASHINGTON — Jerome Powell is confronting his stiffest test yet as head of the Federal Reserve in an atmosphere vastly altered from what his predecessors faced. It makes an uncertain situation even more challenging. On Tuesday, Powell announced a surprise half-point interest rate cut that shrank the Fed’s key rate to a range of just […]

Stocks that moved heavily or traded substantially on Tuesday: Target, Allscripts fall; Boingo, Thermo Fisher rise March 3, 2020, 9:41 PM 1 min read NEW YORK — Stocks that moved heavily or traded substantially on Tuesday: Target Corp., down $3.22 to $105.84. The retailer’s fourth-quarter revenue fell short of Wall Street forecasts. HP Inc., down

China has denounced a move by the Trump administration to reduce the number of Chinese state-run media journalists who can work in the United States by more than one-third as “based on the Cold War mentality and ideological prejudice.” March 4, 2020, 12:28 AM 3 min read BEIJING — China on Tuesday denounced a move

Fear of the coronavirus has led people to stock up on hand sanitizer, leaving store shelves empty and online retailers with sky-high prices set by those trying to profit on the rush By JOSEPH PISANI AP Retail Writer March 4, 2020, 12:01 AM 4 min read NEW YORK — The hand sanitizers on Amazon were

The Federal Reserve slashed interest rates on Tuesday in an extraordinary attempt to contain economic fallout from the coronavirus, with policymakers voting unanimously for their biggest single cut — and first emergency rate move — since the depths of the 2008 financial crisis. “The virus and the measures that are being taken to contain it

The World Bank says it is making $12 billion available to provide immediate support to low-income countries dealing with the health and economic impacts of the coronavirus March 3, 2020, 9:53 PM 4 min read NEW YORK — AID AVAILABLE: The World Bank announced Tuesday that it is making $12 billion available to provide immediate

LONDON — The people who worry about money had hoped for so much more. The news that the world’s wealthiest countries were convening to orchestrate a response to the deadly coronavirus outbreak had resonated across economies like the sound of whirring helicopters bringing relief to a disaster zone. But the relief proved underwhelming. As leaders

BEIJING — The Latest on the virus outbreak (all times local): 3:20 a.m. Washington state has reported a seventh death from coronavirus. All of the COVID-19 deaths in the United States so far have been in the Seattle area. A spokeswoman for Harborview Medical Center in Seattle said the patient died Feb. 26. She said

MUMBAI, India — The spreading coronavirus may soon affect people’s health in a different way: The outbreak is now starting to hurt the supply of essential drugs. Drug makers are struggling to get vital raw ingredients for common antibiotics and vitamins from Chinese factories, which were closed for weeks as China battled to contain the

Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus By STAN CHOE AP Business Writer March 3, 2020, 4:58 PM 4 min read NEW YORK — Stocks whipped up and down Tuesday