Financial services

The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 10, 2019 - 5:17 am
FRANKFURT, Germany (AP) — Top European Central Bank officials were united over the need for more stimulus at their last meeting but a number of them objected to the decision to launch bond purchases involving the injection of newly printed money into the economy. The written account of the meeting...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell attends a panel at the Federal Reserve Board Building in Washington. On Wednesday, Oct. 9, the Federal Reserve releases minutes from its September meeting when it cut interest rates for a second time this year. (AP Photo/Jacquelyn Martin, File)
October 09, 2019 - 11:06 am
WASHINGTON (AP) — Federal Reserve officials were sharply divided last month when they decided to cut their key policy rate for a second time this year, a split that indicates the path forward for future rate cuts remains cloudy. Minutes of the discussion at the September meeting showed that the...
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Anti Brexit protesters demonstrate through the streets as part of the Reject Brexit-Defend Our Democracy protest, in Manchester, England, Sunday Sept. 29, 2019. The ruling Conservative Party is committed to Britain's Brexit split from the European Union to leave on the scheduled date of Oct. 31, as they hold the annual party conference in Manchester. (Peter Byrne/PA via AP)
October 09, 2019 - 3:17 am
LONDON (AP) — The U.K. financial system is prepared to cope with a no-deal Brexit, though uncertainties about the country's withdrawal from the European Union are weighing hard on the wider economy, the Bank of England said Wednesday. The bank's Financial Policy Committee, which assesses financial...
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October 08, 2019 - 3:08 pm
GENEVA (AP) — The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday. In its latest assessment of the factors behind productivity and long-...
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In this, Monday, Oct. 7, 2019 photo, David Schaecter, president of the Holocaust Survivors Foundation USA (HSF), gestures as he speaks during an interview with The Associated Press in Aventura, Fla. Aging Holocaust survivors are trying to recover insurance benefits that were never honored by Nazi-era companies, which could be worth billions of dollars. The companies have demanded original paperwork, such as death certificates, that were not available after World War II. The survivors want to take insurance companies to court in the U.S. to recover the money, but it would take an act of Congress to allow it. (AP Photo/Wilfredo Lee)
October 08, 2019 - 2:00 pm
AVENTURA, Fla. (AP) — When David Schaecter was a child in Slovakia in the 1930s, he counted more than 100 people in his extended family. By the end of World War II, he alone survived. The rest had been killed in Nazi concentration camps or by roving SS death squads. Schaecter lost not only his...
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FILE - In this Sept. 18, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, Oct. 8, Powell is scheduled to speak about the Fed’s interest rate policy in Denver at the annual meeting of the National Association for Business Economics. (AP Photo/Patrick Semansky, File)
October 08, 2019 - 12:03 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, announced in...
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Federal Reserve Chairman Jerome Powell speaks Monday, Oct. 7, 2019, in Salt Lake City, before the premiere of a film commemorating Marriner Eccles, who led the Fed from 1934 until 1948. Powell is stressing the importance of an independent central bank "absolutely free" from politics. Powell's comments Monday in Salt Lake City came after President Donald Trump has repeatedly pressured Powell to lower interest rates and said the United States is missing out on economic opportunities because of "boneheads" at the Federal Reserve. (AP Photo/Rick Bowmer)
October 07, 2019 - 1:34 pm
SALT LAKE CITY (AP) — Federal Reserve Chairman Jerome Powell on Monday stressed the importance of an independent central bank "absolutely free" from politics in the wake of increasing pressure from President Donald Trump urging the central bank to lower interest rates. Powell spoke to a crowd of...
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Specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange, Monday, Oct. 7, 2019. Stocks are opening broadly lower on Wall Street, extending the market's losing streak into a fourth week. (AP Photo/Richard Drew)
October 07, 2019 - 11:07 am
Stocks veered modestly higher on Wall Street Monday afternoon following a choppy day of trading that had the market on track to recoup some of its losses from last week. Communication services stocks, technology companies and banks drove much of the gains, offsetting losses in consumer product...
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October 04, 2019 - 11:06 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell notes that unemployment is at a half-century low and inflation is running...
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FILE - In this May 31, 2017 file photo, then-state Sen. Ricardo Lara, D-Bell Gardens, speaks at a Capitol news conference in Sacramento, Calif. Lara, who is now the California Insurance Commissioner, announced Wednesday, Oct. 2, 2019, that Mercury Insurance Co. is ending its two-decade battle with California regulators by agreeing to pay the state more than $41 million in property and casualty penalty and interest payments. (AP Photo/Rich Pedroncelli, File)
October 02, 2019 - 11:07 am
SACRAMENTO, Calif. (AP) — Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, California Insurance Commissioner Ricardo Lara said Wednesday. He said it’s the largest property and...
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