Financial services

President Donald Trump arrives to speaks at an event on police reform, in the Rose Garden of the White House, Tuesday, June 16, 2020, in Washington. (AP Photo/Evan Vucci)
June 16, 2020 - 6:30 pm
WASHINGTON (AP) — U.S. officials said Tuesday they expect health insurance companies will cover vaccines for COVID-19 without charging copays, once those vaccines are developed and become available. At a briefing for reporters, a senior Trump administration official said the government has been...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 16, 2020 - 2:39 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery. He cautioned that the longer the recession lasts, the worse the damage that would be inflicted on the job...
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Visitors enjoy themselves at Yoyo Land, an indoor amusement center in Bangkok, Thailand, Tuesday, June 16, 2020. Daily life in the capital resumes to normal as the government continues to ease restrictions related to running business and activities that were imposed weeks ago to combat the spread of COVID-19. Thailand reported no local transmissions of the coronavirus in the past 3 weeks. (AP Photo/ Gemunu Amarasinghe)
June 16, 2020 - 11:23 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: The pandemic has altered travel behavior in...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
WBEN Newsroom
June 16, 2020 - 12:09 am
TOKYO (AP) — Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 3.2% to 22,212.62. South Korea's Kospi gained 4.5% to 2,123.35, while Australia's S&P/ASX 200 jumped 3.7% to 5,...
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This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve said Monday, June 15, 2020 that it will begin purchasing corporate bonds as part of a previously-announced program to ensure companies can borrow through the bond market during the pandemic The program will purchase already-issued bonds on the open market and will seek to build a “broad and diversified” portfolio that will mimic a bond-market index. (AP Photo/Patrick Semansky)
June 15, 2020 - 8:35 pm
WASHINGTON (AP) — The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as opposed to newly issued...
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Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, Wednesday, June 10, 2020 on Capitol Hill in Washington. (Kevin Dietsch/Pool via AP)
June 15, 2020 - 3:51 pm
WASHINGTON (AP) — A House subcommittee investigating billions of dollars in coronavirus aid is demanding that the Trump administration and some of the nation's largest banks turn over detailed information about companies that applied for and received federal loans intended for small businesses. The...
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Riot police advance to push back anti-government protesters from a square near the government house, during a protest against the political leadership they blame for the economic and financial crisis, in downtown Beirut, Lebanon, early Friday, June 12, 2020. (AP Photo/Hussein Malla)
June 12, 2020 - 3:48 pm
BEIRUT (AP) — For months, Kamal Nasser, a successful plumbing contractor in Lebanon, has seen his business base erode. There are almost no new construction projects as people save for gloomier days, and with the local currency on a downward spiral, he has not been able to import his most basic...
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June 12, 2020 - 3:02 pm
HAVANA (AP) — A week and a half ago, U.S. Secretary of State Mike Pompeo issued a strongly worded announcement that the Trump administration was prohibiting business with Fincimex, a Cuban state corporation that works with foreign credit card and money transfer businesses, among others. Many...
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FILE - In this July 31, 2019 file photo, The Federal Reserve logo is shown before the start of a scheduled news conference by Chairman Jerome Powell when it ends its latest policy meeting in Washington. The Federal Reserve on Friday, June 12, 2020, promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would keep interest rates low through 2022. (AP Photo/Manuel Balce Ceneta, File)
June 12, 2020 - 11:40 am
WASHINGTON (AP) — The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession caused by a global pandemic, signaling that it would keep interest rates low through 2022. In its semi-annual monetary policy report to Congress, the central bank said...
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FILE - In this file photo released Monday Nov. 9, 2019 by the Syrian official news agency SANA, Syrian President Bashar Assad speaks in Damascus, Syria. Assad has his prime minister Thursday, June 11, 2020, a month ahead of elections as country's economic crisis worsens.(SANA via AP, File)
June 11, 2020 - 3:20 pm
DAMASCUS, Syria (AP) — Syrian President Bashar Assad on Thursday fired his prime minister, a month ahead of elections and as the economic crisis worsens and public anger rises in the territory under his control. Assad also appointed the current minister of water resources to replace Imad Khamis,...
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