Ken Sweet, Associated Press | Posted
May 24th - 12:09pm
New York state regulators have fined French bank BNP Paribas $350 million, alleging bank employees for years manipulated global currency markets to benefit themselves at the expense of their customers.
Martin Crutsinger, Associated Press | Posted
May 24th - 12:09pm
Federal Reserve officials signaled in discussions earlier this month that they would likely begin reducing the Fed's huge portfolio of bond holdings later this year, a step that could cause borrowing rates to rise.
George Jahn, Associated Press | Posted
May 24th - 11:53am
OPEC countries and other producers including oil giant Russia are backing prolonging last year's production cut to shore up crude prices, strongly indicating that an extension is a done deal even before they meet formally on the issue Thursday.
Andrew Taylor, Associated Press | Posted
May 24th - 11:35am
The White House budget chief on Wednesday delivered a spirited defense of President Donald Trump's proposal to slash programs from food stamps to health care for the poor in the face of strong Democratic opposition and Republican skepticism.
Marley Jay, Associated Press | Posted
May 24th - 10:52am
U.S. stocks are up for the fifth consecutive day Wednesday as technology and high-dividend companies move higher. The gains are slight as retailers including jewelry and car parts sellers are falling and energy companies decline with oil prices. Investors are waiting for the Federal Reserve to release minutes from its meeting earlier this month.
Alan Fram and Ricardo Alonso-Zaldivar, Associated Press | Posted
May 24th - 10:35am
Keeping former President Barack Obama's health care law is "completely unacceptable and totally unsustainable," the Senate's top Republican said Wednesday as the two parties braced for a Congressional Budget Office report on a House-passed bill overhauling that statute.
Jill Lawless, Maggie Michael and Gregory Katz, Associated Press | Posted
May 24th - 10:34am
British security forces raided an apartment building Wednesday in central Manchester as they investigated "a network" of people allegedly behind the city's concert bombing. Hundreds of soldiers were sent to secure key sites across the country, including Buckingham Palace and the British Parliament at Westminster.