NEW YORK — Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it will allow them to deposit cash, have a debit card and...
Stocks Close Out Best Quarter Since 1998 with More Gains
Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge. The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. That...
As Central Banks Intervene to Calm Markets, Few See Solution
WASHINGTON — The Federal Reserve and the European Central Bank moved Thursday to try to calm financial markets and restore some degree of confidence. It didn't quite work. The central banks are facing a crisis only partly responsive to the medicine they can provide. The Fed sought to ensure that...
Virus Closes Sites Around the World; Stocks, Oil Prices Sink
SOAVE, Italy — Fear over the new coronavirus epidemic sent global stock markets and oil prices plunging Monday, touched off prison riots in Italy and caused a cascading shutdown of sites and events ranging from Saudi schools to a Holocaust march. While many of Beijing's white-collar workers returned to work...
In Scramble to Stop Virus, Testing Raises Tough Questions
NEW YORK — Health officials confronted tough questions and doubts Thursday about testing to intercept the fast-spreading virus, with scrutiny focused on a four-day delay in screening an infected California woman despite her doctors’ early calls to do so. The questions are global: not just who, when and how to...
Stocks Fall on Wall Street, Head for Worst Week Since 2008
NEW YORK — U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy. The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More companies...
Former Uber CEO Kalanick Severs Ties With Ride-Hailing Giant
NEW YORK — Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he co-founded a decade ago and ran until a series of scandals led to his downfall. The departure, announced Tuesday, did not come as a surprise. Kalanick recently...
Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8T
RIYADH, Saudi Arabia — Saudi Arabia's oil company Aramco gained 10% in its first moments on the stock market Wednesday in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world. Trading on the Saudi...
AP FACT CHECK: Trump Suddenly Loses Interest in Stock Market
WASHINGTON — President Donald Trump offered a faulty take on the Constitution's grounds for impeachment Wednesday as he wrapped up a NATO summit marked by his misstatements on several fronts. Among them, he claimed that he pays no attention to the stock market despite plentiful evidence that he treats that...
Yes, Stocks Are Up Again. No, Recession Worries Aren’t Gone
NEW YORK — The U.S. economy is sending some worrying signals about a possible recession, yet the stock market has gone on a what-me-worry ride toward record heights. What gives? Put simply, while the stock market watches the economy, the two don't always move in lockstep. If investors see that...