Financial related news.
DETROIT (AP) — Interstates and city streets are empty and cars are quarantined in their owners' garages, so consumer advocates argue that it only makes sense for auto insurance rates to reflect that. In the states of Washington and New York, the number of traffic crashes reported to state police fell about 30 percent in [...]
A bad stock market is unsettling for any investor. For retirees and near-retirees, though, bad markets can be dangerous. Stock market losses early in retirement can significantly increase your chances of running short of money. But there are ways to mitigate the risk. Financial planners say the following actions can help make your money last. [...]
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 fail to match the speed [...]
Colleges across the nation are scrambling to close deep budget holes and some have been pushed to the brink of collapse after the coronavirus outbreak triggered financial losses that could total more than $100 million at some institutions. Scores of colleges say they're taking heavy hits as they refund money to students for housing, dining [...]
The coronavirus is pounding state governments with a financial one-two punch, costing them many millions to try to contain the disease just as businesses are shutting down and tax revenue is collapsing. The sharp drop in revenue could jeopardize some states' ability to provide basic services. States ranging from tiny Rhode Island to California, with [...]
NEW YORK — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak. Banks are scrambling to put into place loan forgiveness and relief programs, working to keep their customers from panicking or falling into financial ruin. [...]
WASHINGTON (AP) — Three weeks ago, EmpireCLS was heading toward a second straight year of record business. A car service company in New Jersey, Empire couldn't even find enough chauffeurs and office workers to meet its needs. Now? With stunning speed, business in the United States — as well as in Europe and elsewhere — [...]
WASHINGTON (AP) — As Congress works on a rescue package to help shore up a U.S. economy hard hit by the coronavirus pandemic, a wide swath of business, from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie. The [...]
FRANKFURT, Germany — When the global economy melted down in 2008, world leaders swiftly created an international forum to boost economies by spending more and keeping trade open. Central banks announced rate cuts within seconds of each other. But so far, nations' approach to the economic shock from the coronavirus outbreak is looking very different. [...]
NEW YORK (AP) — In the end, the mighty bull was slayed by a tiny virus. The longest bull market in American history can now be said to have lasted almost 11 years and rewarded investors with a return of 529 percent based on the performance of the S&P 500, including dividends. The bull officially [...]