Finance

  • Trump and Ivanka Could Face Jail Time for Tax Fraud
    Trump_and_ivanka_could_face_jail_time_for_tax_fraud 2020-09-29 21:52:04 UTC
    <p>Both President Donald Trump and his daughter Ivanka are liable to face jail time due to tax fraud should the president lose his reelection bid in November, a former Watergate prosecutor told <em>CNN</em> on Tuesday.</p><p>Nick Akerman, who investigated former President Richard Nixon&#39;s tax ...

  • Biden Slams Trump/GOP, Demands to Fix Unemployment Benefits
    Biden_slams_trump_gop__demands_to_fix_unemployment_benefits 2020-08-12 22:25:37 UTC
    WASHINGTON — Democratic presidential candidate Joe Biden on Saturday slammed Trump and Senate Majority Leader Mitch McConnell for letting the Senate go home for the weekend without a deal to extend the unemployment benefits or protect renters facing eviction. “Because Donald Trump is abdicati...

  • WH Signals Willingness to Accept Keeping $600 Benefit For Now
    Wh_signals_willingness_to_accept_keeping__600_benefit_for_now 2020-08-06 03:25:39 UTC
    WASHINGTON (AP) — The White House and some of its Republican allies in the Senate are signaling they want to extend, at least temporarily, a $600-per-week expanded jobless benefit that has helped keep families and the economy afloat during the COVID-19 pandemic. The move looks to be too little, t...

  • GOP Senators Struggle with $600 Weekly Unemployment Boost
    Republican_senators_struggle_with__600_weekly_unemployment_boost 2020-07-23 02:04:36 UTC
    WASHINGTON (AP) — Senate Republicans and the White House reached tentative agreement late Wednesday for more testing funds in the next COVID-19 relief package, but deep disagreements over the scope of the $1 trillion in federal aid have forced a shift in strategy. Facing a GOP revolt, Senate M...

  • EU: Germany's Financial Aid Can Be Locomotive for Europe
    Germany_financial_aid_can_be_locomotive_for_europe_-_angela_merkel 2020-05-04 19:30:26 UTC
    BRUSSELS (Reuters) — Germany’s extensive bailouts of coronavirus-hit companies can work as a locomotive for Europe, the EU’s competition chief said on Monday amid criticism from other, less wealthy EU countries about what they see as an unfair edge given to German firms. To date, a whopping 52...

  • UK's Small Business Loans Begin Today
    Uk's_small_business_loans_begin_today 2020-05-03 23:56:19 UTC
    LONDON (Reuters) - A government-backed loan scheme to help Britain’s small businesses survive the coronavirus lockdown comes into effect on Monday, allowing firms such as hairdressing salons, coffee shops and florists to receive emergency cash. Finance minister Rishi Sunak, who previously opp...

  • Bank of England Allows UK Government To Run Up An Unlimited Overdraft
    Bank_of_england_allows_uk_government_to_run_up_an_unlimited_overdraft 2020-04-10 14:33:45 UTC
    LONDON (Reuters) - In London, the Bank of England said it would allow Britain’s government to run up an unlimited overdraft as the state promises to pay wages to millions of people laid off during shutdown, cut taxes for businesses and expand its welfare system. With central banks around the ...

  • EU Countries Agree to $550 Billion in Economic Support
    Eu_countries_agree_to__550_billion_in_economic_support 2020-04-10 14:32:55 UTC
    BRUSSELS (Reuters) - European Union finance ministers agreed on Thursday on half-a-trillion euros ($550-Billion) worth of support for their coronavirus-battered economies but left open the question of how to finance recovery in the bloc headed for a steep recession. The agreement was reached a...

  • Trump's Economic Nationalism Will Not Save The US Economy From Collapse
    Trump's_economic_nationalism_will_not_save_the_us_economy_from_collapse 2020-04-09 17:07:02 UTC
    BALTIMORE (AP) — President Donald Trump has been telling voters that the U.S. economy will leap back to life “like a rocket,” stronger than ever after its bout with the coronavirus. But there is a reason economics is called the “dismal science.” There are emerging signs that any recovery will ...

  • Trump Removes $2 Trillion Coronavirus Spending Watchdog
    19147_trump_fired__2_trillion_coronavirus_spending_watchdog 2020-04-07 22:59:07 UTC
    WASHINGTON (AP) — President Donald Trump has removed the inspector general tapped to chair a special oversight board for the $2.2 trillion economic relief package on the coronavirus, the latest in a series of steps Trump has taken to confront government watchdogs tasked with oversight of the exec...

  • A Guide to Surviving Financially as Bills Come Due
    A_guide_to_surviving_financially_as_bills_come_due 2020-04-01 22:06:24 UTC
    <p>The coronavirus has dealt a financial blow to millions of Americans and now April&rsquo;s bills are coming due.</p><p>The good news is there is help available. Reach out immediately to your mortgage lender, student loan servicer or utility provider to see what&rsquo;s available. Other assistan...

  • Markets Fall Sharply as Coronavirus Outbreak Worsens
    Markets_fall_sharply_as_coronavirus_outbreak_worsens 2020-04-01 21:41:27 UTC
    <p>NEW YORK (AP) &mdash; Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts &mdash; and as experts say they still can&rsquo;t predict when it will end.</p><p>The S&amp;P 500 lost 4.4% after the White House sa...

  • WHO IS ELIGIBLE FOR THE GOVERNMENT STIMULUS CHECK? HERE ARE THE ANSWERS:
    Who_is_eligible_for_the_government_stimulus_check__here_are_the_answers 2020-04-01 22:00:10 UTC
    The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus...

  • IMF: Global Economy Has Entered Recession, Worse Than 2008 Downturn
    Imf-_economy_has_entered_recession__worse_than_2008_downturn 2020-03-27 23:26:50 UTC
    WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn. IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recove...

  • 3.3 Million Americans Filed for Unemployment Aid in A Single Week
    3.3_million_americans_filed_for_unemployment_aid_in_a_single_week 2020-03-27 00:45:33 UTC
    WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral out...

  • Global Shares Plunge: Worst Day Since '87
    Global_shares_plunge-_worst_day_since_'87 2020-03-13 02:06:33 UTC
    <p>NEW YORK (AP) &mdash; Shares have plunged in Asia, with Japan&rsquo;s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987.&nbsp;</p><p>Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the mel...

  • You Don't Need a 20% Down Payment to Buy a Home in US
    You_don't_need_a_20__down_payment_to_buy_a_home_in_us 2020-03-10 19:48:35 UTC
    Many Americans may be unnecessarily talking themselves out of homeownership. Thirty-seven percent of non-homeowners say not having enough saved for a down payment is holding them back from homeownership, but 62% of Americans incorrectly believe you have to have at least 20% of a home’s purchase p...

  • Nothing Can Pull Markets Out From Undertow
    Nothing_can_pull_markets_out_from_undertow 2020-03-06 20:41:47 UTC
    <p>NEW YORK (AP) &mdash; Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.&nbsp;</p><p>Even a better-than-expected <a href="https://apnews.com/1d187742ff0d4a44bf235fd00c665fb7">report on U.S. jobs</...

  • EU Parliament Gives Final Approval to Brexit Deal
    18747_uk_brexit-negotiator_is_struggling_to_make_headway 2020-01-29 18:07:08 UTC
    BRUSSELS (Reuters) - The European Parliament on Wednesday gave its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday. The chamber broke into singing Auld Lang Syne, a traditional Scottish song to bid farewell, after voting 621 for versus ...

  • France, Germany to Sign Arms Exports Pact
    Merkel_and_macron_seeking_a_joint_proposal_on_eu_reforms 2019-09-20 01:36:58 UTC
    PARIS (Reuters) - France and Germany said on Thursday they were close to an agreement on how to remove obstacles to exporting weapons manufactured in joint programs, after French firms called for easing German export restrictions. German curbs on arms exports to non-European Union or non-NATO ...

  • US, UK Seek Quick Post-Brexit Trade Deal
    Uk%e2%80%99s_johnson_threatens_to_withhold__50_billion_brexit_payment 2019-08-13 18:20:56 UTC
    LONDON (Reuters) - Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday. The official also said visiting U.S. national security advi...

  • US will "Enthusiastically Support a No-Deal Brexit"
    John_bolton_-_us_will_enthusiastically_support_a_no-deal_brexit 2019-08-12 19:04:58 UTC
    LONDON (Reuters) - The United States would enthusiastically support a no-deal Brexit if that is what the British government decided to do, U.S. national security adviser John Bolton said on Monday during a visit to London aimed at reassuring Britain over UK-U.S. ties. Bolton told British Prime...

  • No-Deal Brexit Would Cause Severe Damage to UK
    No-deal_brexit_would_cause_severe_damage_to_uk 2019-07-29 03:42:16 UTC
    A no-deal Brexit would cause “severe” damage to UK businesses, according to the Confederation of British Industry (CBI). Carolyn Fairbairn, director general of the lobby group, told BBC that quitting the EU without an agreement should be an option “that is not even considered”. Claims that fir...

  • Euro Hits Three-Month High Against US Dollar
    Euro_jumps_to_three-_week_high_against_the_dollar 2019-06-24 04:00:44 UTC
    TOKYO (Reuters) - The euro rose to a three-month high against the dollar on Monday, as bearish bets on the U.S. currency remained solid on prospects of a near-term interest rate cut by the Federal Reserve. The euro stretched its rally last week, up 1.4%, and advanced about 0.15% to $1.1386 in ...

  • US Weekly Jobless Claims Rise; Imported Inflation Weak
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2019-06-13 18:19:18 UTC
    WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. Other data on Thursday showed import prices fell by the most in f...