Currency markets

The Marathon Garyville Oil Refinery in Reserve, La., is seen Monday, April 7, 2025. (AP Photo/Gerald Herbert, file)

Oil prices fall, then recover, after Trump announces 90-day tariff pause -- excluding China

Oil prices rose to a gain after sinking to a four-year low Wednesday morning in anticipation of slowing economic growth and reduced energy demand, both casualties of a trade war that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.

FIL:E - The New York Stock Exchange is shown in New York's Financial District on Dec. 23, 2024. (AP Photo/Peter Morgan, File)

Stock market today: Wall Street begins Trump’s second term with gains

A woman carries two buckets along a street in the morning on Wednesday, Jan. 8, 2025, in Beijing, China. (AP Photo/Aaron Favila)

Here are some of China’s New Year resolutions to boost its economy

Holiday ornaments adorn the Wall Street side of the New York Stock Exchange in New York's Financial District on Wednesday, Dec. 4, 2024. (AP Photo/Peter Morgan)

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000

Britain's Chancellor of the Exchequer, Rachel Reeves, looks up as she holds up the traditional red ministerial box containing her budget speech, as she poses for the media outside No 11 Downing Street, before departing to the House of Commons to deliver the budget in London, Wednesday, Oct. 30, 2024. (AP Photo/Kirsty Wigglesworth)

Financial market worries over the UK budget appear to ease

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Head of French dairy federation says the impact of US tariffs on the sector will be significant

The head of the French dairy federation warned on Wednesday of the impact the latest U.S. tariffs would have on the sector. (AP video shot by Oleg Cetinic)

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Iran’s president insists Tehran does not seek a nuclear bomb and dangles US business opportunities

Iran’s currency falls to record low against the dollar as tensions run high

Harris unveils economic plan, proposes federal ban on grocery price gouging

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How major US stock indexes fared Thursday, 12/5/2024

FILE- This photo shows the U.S. Treasury Department building at dusk in Washington, June 6, 2019. (AP Photo/Patrick Semansky, File)

Cryptocurrency exchange network accused of helping Russia hit with sanctions

Barcelona's Jules Kounde (23) is congratulated after scoring his side's 3rd goal during the Spanish La Liga soccer match between FC Barcelona and Valladolid at the Olympic stadium in Barcelona, Spain, Saturday, Aug. 31, 2024. (AP Photo/Joan Monfort)

Barcelona has its spending limit increased but remains well below Real Madrid’s cap

FILE - Electronic screens in New York's Times Square announce the Robinhood IPO, July 29, 2021. Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp, Thursday, June 6, 2024, for about $200 million as the company looks to speed up its cryptocurrency expansion globally. (AP Photo/Mark Lennihan, File)

Robinhood buying crytocurrency exchange Bitstamp for about $200 million

Logos of Honda Motor Co. are pictured in Tsukuba, northeast of Tokyo, on Feb. 13, 2019. Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, May 16, 2024, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. (Kyodo News via AP)

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

FILE - FTX founder Sam Bankman-Fried leaves Manhattan federal court, June 15, 2023, in New York. FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that. FTX said in a court filing late Tuesday, May 7, 2024, that it owes about $11.2 billion to its creditors. The exchange estimates that it has between $14.5 billion and $16.3 billion to distribute to them. (AP Photo/Bebeto Matthews, File)

A timeline of the collapse at FTX

People stand in line outside a bank hoping to withdraw Cuban pesos from an ATM, in Havana, Cuba, Monday, April 22, 2024. An increasing number of Cubans are having to grapple with the country's shortage of cash. (AP Photo/Ariel Ley)

Long lines form and frustration grows as Cuba runs short of cash

FILE - The European Central Bank is reflected in the river Main in Frankfurt, Germany, Thursday, March 21, 2024. The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. (AP Photo/Michael Probst, File)

Inflation has slid again in Europe. Here’s what that means for interest rates

FILE - A man walks past a depiction of Evergrande properties across a China map at a partially shuttered Evergrande commercial complex in Beijing, on Jan. 29, 2024. Troubled property developer China Evergrande Holding says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations. (AP Photo/Ng Han Guan, File)

China’s stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman

FILE - Wisconsin Gov. Tony Evers addresses a joint session of the state Legislature in the Assembly chambers during his State of the State speech at the state Capitol, Jan. 22, 2019, in Madison, Wis. Evers signed a bill Wednesday, March 6, 2024, that authorizes spending hundreds of millions of dollars on Universities of Wisconsin construction and renovation projects. (AP Photo/Andy Manis, File)

Evers signs bill authorizing new UW building, dorms that were part of deal with GOP

A woman walks by China's central bank, or the People's Bank of China in Beijing, Tuesday, Feb. 20, 2024. China's central bank announced it cut its five-year loan prime rate while leaving its one-year rate unchanged. (AP Photo/Andy Wong)

China cuts key interest rate in latest move to boost its ailing property sector

Pedestrian shop for food at the Mile 12 Market in Lagos, Nigeria, Friday, Feb. 16, 2024. Nigerians are facing one of the West African nation's worst economic crises in as many years triggered by a surging inflation rate which follows monetary policies that have dipped the local currency to an all-time low against the dollar, provoking anger and protests across the country. (AP Photo/Mansur Ibrahim)

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

FILE - Chase Bank ATMs are shown, Thursday, March 25, 2021, in New York. (AP Photo/Mark Lennihan, File)

Bucking industry trends, Chase to open 500 new locations largely in cities where rivals dominate

Real Madrid's Jude Bellingham reacts during a Spanish La Liga soccer match between Real Madrid and Almeria at the Santiago Bernabeu stadium in Madrid, Spain, Sunday, Jan. 21, 2024. (AP Photo/Bernat Armangue )

Infantino refloats idea of using algorithm to set soccer player transfer fees in $10 billion market

FILE - President of the football club AS Monaco, Dmitry Rybolovlev, attends a French league two soccer match between Monaco and Caen at the Louis II stadium on May 4, 2013, in Monaco. Rybolovlev who accused Sotheby’s of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful in court Friday, Jan. 12, 2024 as he testified that he considered the dealer to be like family before discovering he'd been defrauded by an “art market that needs to be more transparent.” (AP Photo/Lionel Cironneau, File)

Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby’s cheated him

FILE - The exterior of Spanish energy company Iberdrola is seen, Dec. 29, 2012, in Madrid, Spain. Officials with New Mexico’s largest electric utility said Tuesday, Jan. 2, 2024, that a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has ended. (AP Photo/Andres Kudacki, File)

Proposed merger of New Mexico, Connecticut energy companies scuttled; deal valued at more than $4.3B

Barcelona's Fermin Lopez reacts during the Champions League Group H soccer match between Barcelona and Shakhtar Donetsk at the Olympic Stadium in Barcelona, Spain, Wednesday, Oct. 25, 2023. (AP Photo/Joan Monfort)

Barcelona loses appeal at UEFA against $537,000 fine for misreporting income amid financial turmoil

FILE - In this July 2, 2021 file photo, a United Airlines jetliner taxis down a runway for take off from Denver International Airport in Denver. United Airlines reports earnings on Tuesday, Oct. 17, 2023. (AP Photo/David Zalubowski, file)

Shares of United Airlines tumble on sour outlook for 4Q profit because of rising fuel prices

Chinese President Xi Jinping, right, and Russian President Vladimir Putin pose for a photo prior to their talks on the sidelines of the Belt and Road Forum in Beijing, China, on Wednesday, Oct. 18, 2023. (Sergei Guneyev, Sputnik, Kremlin Pool Photo via AP)

China’s Xi promises open markets and billions in new investments for ‘Belt and Road’ projects

Presidential candidate of the Liberty Advances coalition Javier Milei attends a presidential candidate debate ahead of the October general election in Santiago del Estero, Argentina, Sunday, Oct. 1, 2023. (AP Photo/Tomas F. Cuesta, Pool via AP)

Argentina’s populist presidential candidate Javier Milei faces criticism as the peso takes a dive

FILE - People stand in the lobby for Amazon offices in New York, Feb. 14, 2019. Britain's cloud computing market faces a competition investigation after regulators raised concerns about the dominance of two tech giants, Amazon and Microsoft. The U.K. communications regulator Ofcom said Thursday, Oct. 5, 2023 that its year-long study of the cloud communications services market found features that could limit competition. British businesses face barriers when they try to switch or use multiple cloud suppliers, it said. (AP Photo/Mark Lennihan, File)

Fears about Amazon and Microsoft cloud computing dominance trigger UK probe

A Costco webpage featuring a one-ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan, and a Costco membership card, are shown in this photo, in New York, Wednesday, Oct. 4, 2023. Costco CFO Richard Galanti said the gold bars, which are sold exclusively online, are "typically gone within a few hours" of appearing on the chain's website — adding that there's a two-bar limit per member. (AP Photo/Richard Drew)

Costco is seeing a gold rush. What’s behind the demand for its 1-ounce gold bars?

FILE - The prices of the various grades of gasoline available are displayed electronically on a pump at a filling station on Sept. 18, 2023, in Newcastle, Wyo. Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also is complicating the global fight against inflation and feeding Russia's war chest to boot. (AP Photo/David Zalubowski, File)

Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war

New Homes dot the landscape in Middlesex Township, Pa., on Thursday, Apr. 19, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Gene J. Puskar)

The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high

Evidence are displayed by police for media after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in Hong Kong, Tuesday, Sept. 19, 2023. (AP Photo/Louise Delmotte)

Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange

A for sale sign stands outside a single-family residence on Sunday, June 18, 2023, in Denver. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/David Zalubowski)

The average long-term US mortgage rate edged up to 7.18% this week, where it stood two weeks ago

FILE - A "SOLD" sign decorates the lawn of a new house in Pearl, Miss., Sept. 23, 2021. U.S. home loan applications are at the lowest level in decades, the latest evidence that rising mortgage rates and home prices are shutting out many aspiring homeowners. (AP Photo/Rogelio V. Solis, File)

Fewer apply for home loans as borrowing costs, rising prices shut out prospective homebuyers

A new home is for sale, Tuesday, Aug. 22, 2023, in Miami, Fla. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Marta Lavandier)

The average long-term US mortgage rate fell to 7.12%, second weekly drop since marking 22-year high

A housing development in Middlesex Township, Pa., is shown on Aug. 12, 2023. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Gene J. Puskar

The average long-term US mortgage rate fell to 7.18% this week, easing from more than 20-year high

A sign stands outside a new home for sale Monday, Aug. 21, 2023, in southeast Denver. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/David Zalubowski)

Average long-term US mortgage rate jumps to 7.23% this week to highest level since June 2001