Government securities
Treasury Secretary Janet Yellen speaks during a Senate Appropriations Subcommittee hearing to examine the FY 2022 budget request for the Treasury Department, Wednesday, June 23, 2021, on Capitol Hill in Washington. (Greg Nash/Pool via AP)
Yellen: Failure to raise debt limit would be 'catastrophic'

By Martin Crutsinger Jun. 23, 2021 04:28 PM EDT

Dan Mehan, president and CEO of the Missouri Chamber of Commerce and Industry, stands outside the chamber's office near the state Capitol in Jefferson City, Missouri, on May 24, 2021. The chamber supported Gov. Mike Parson's decision to use $300 million of federal coronavirus relief funds to shore up the state's unemployment insurance trust fund. (AP Photo/David A. Lieb)
States tap federal aid to shore up empty unemployment funds

By David A. Lieb May. 27, 2021 11:49 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven with lower income groups lagging behind. In a speech Monday, May 3, 2021 Powell cited a number of reasons that U.S. growth prospects have brightened. (AP Photo/Susan Walsh, Pool)
EXPLAINER: Why are fears of high inflation getting worse?

By Christopher Rugaber May. 11, 2021 05:02 PM EDT

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, May 11, 2021. Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower. (AP Photo/Vincent Yu)
Wall Street opens lower led by more drops in Big Tech stocks

The Associated Press May. 11, 2021 03:24 AM EDT

FILE - Pedestrians pass the New York Stock Exchange, Wednesday, Jan. 27, 2021, in New York. Stocks are opening higher on Wall Street, keeping the S&P 500 on track for its fourth weekly gain in a row. The benchmark index was up 0.3% in the early going Friday, April 16, led by gains in banks, industrial and health care companies. (AP Photo/John Minchillo, File)
S&P 500 hits another record, marks 4th weekly gain in a row

By Damian J. Troise And Alex Veiga Apr. 16, 2021 03:34 AM EDT

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, April 13, 2021. Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite worries over renewed surges in coronavirus cases. (AP Photo/Vincent Yu)
Asian shares gain despite virus worries; China exports rise

By Yuri Kageyama Apr. 12, 2021 02:53 AM EDT

FILE - In this Tuesday, March 9, 2021, file photo, a JetBlue flight arrives at Salt Lake City International Airport, in Salt Lake City. Risky stocks seen as nearly untouchable a year ago burst to the market's best performances during the first three months of 2021, headlining a fourth straight quarter of gains for the S&P 500. Stocks of airlines, oil producers and banks soared on expectations that COVID-19 vaccinations and massive spending by the U.S. government are setting the stage for a roaring economic recovery this year. (AP Photo/Rick Bowmer, File)
Safety last: Risky investments soared at start of 2021

By Stan Choe Apr. 01, 2021 10:08 AM EDT

FILE - In this Feb. 5, 2021, file photo, Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from Black Chambers of Commerce across the country to discuss the American Rescue Plan in Washington. Last year’s coronavirus-triggered market turmoil exposed vulnerable areas in the U.S. economy that need to be addressed by the nation's top-level financial supervisory group, Yellen said Wednesday, March 31, 2021. (AP Photo/Jacquelyn Martin, File)
Yellen says regulatory panel to look at 2020 market turmoil

By Martin Crutsinger Mar. 31, 2021 05:36 PM EDT

North Carolina Governor Roy Cooper speaks during a press briefing on the COVID-19 virus and vaccination efforts on Tuesday, March 2, 2021, at the Emergency Operations Center in Raleigh, N.C. (Robert Willett/The News & Observer via AP)
Cooper seeks big debt package, pay hikes, Medicaid expansion

By Gary D. Robertson Mar. 24, 2021 04:06 PM EDT

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 25, 2021. Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. (AP Photo/Ahn Young-joon)
Asian markets push higher despite tech sell-off on Wall St

By Elaine Kurtenbach Mar. 24, 2021 02:55 AM EDT

FILE - The Federal Reserve is seen in Washington, in this Nov. 16, 2020 file photo. The Federal Reserve reported Monday, March 22, 2021, that it earned $88.6 billion in 2020 and paid back to the federal government $86.9 billion, the largest Fed payment to the government in four years. (AP Photo/J. Scott Applewhite, File)
Fed pays US Treasury $86.9 billion, largest sum in 4 years

By Martin Crutsinger Mar. 22, 2021 12:58 PM EDT

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, March 23, 2021. Asian stock markets were mixed Tuesday after Wall Street rose on gains for tech stocks and reassurance by the U.S. Federal Reserve of support for an economic recovery. (AP Photo/Vincent Yu)
Asian stocks mixed after Wall St rises on tech gains

By Joe Mcdonald Mar. 21, 2021 11:42 PM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to shore up the financial system during the early days of the pandemic. The Fed said it will not extend the relief from the supplementary leverage ratio past March 31, 2021. (AP Photo/Susan Walsh, Pool)
Fed to end relaxed capital requirements for large banks

Mar. 19, 2021 09:47 AM EDT

A man wearing a protective mask walks in front of an electronic stock board at a securities firm Friday, March 19, 2021, in Tokyo. Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields pulled stocks lower, dampening enthusiasm driven by the Federal Reserve's promise of low interest rates. (AP Photo/Eugene Hoshiko)
Wall Street closing lower; bank stocks fall

By Damian J. Troise And Alex Veiga Mar. 19, 2021 01:37 AM EDT

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, March 17, 2021. Asian shares were mixed Wednesday as world markets cautiously awaited the U.S. central bank's latest comments on how it views the economic picture. (AP Photo/Vincent Yu)
Wall Street closes higher after Fed says will keep rates low

By Damian J. Troise And Alex Veiga Mar. 17, 2021 05:08 PM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Fed survey released Wednesday, March 3, 2021, said that reports on consumer spending and auto sales were mixed last month, while overall manufacturing showed moderate gains despite supply-side constraints. The report, known as the beige book, is based on surveys conducted by the Fed’s 12 regional banks. (AP Photo/Susan Walsh, Pool, File)
Fed expects to keep its key rate near zero through 2023

By Christopher Rugaber And Martin Crutsinger Mar. 17, 2021 04:54 PM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. The Fed survey released Wednesday, March 3, 2021, said that reports on consumer spending and auto sales were mixed last month, while overall manufacturing showed moderate gains despite supply-side constraints. The report, known as the beige book, is based on surveys conducted by the Fed’s 12 regional banks. (AP Photo/Susan Walsh, Pool, File)
New challenge for the Powell Fed: A strengthening economy

By Christopher Rugaber Mar. 15, 2021 10:14 AM EDT

FILE - In this Wednesday, Jan. 13, 2021 file photo, people walk by the New York Stock Exchange. Stocks are off to a mixed start on Wall Street as another sharp rise in bond yields unsettled investors. Technology stocks were among the biggest losers in the early going Friday, March 121 pulling the Nasdaq down 1.5% while the broader S&P 500 index gave back 0.5%. (AP Photo/Mark Lennihan, File)
Stocks mostly shake off a weak start, edge to more records

By Damian J. Troise And Alex Veiga Mar. 12, 2021 02:41 PM EST

A woman wearing a face mask waits at a tram station with an emergency phone in Frankfurt, Germany, Thursday, March 11, 2021. (AP Photo/Michael Probst)
Lagging US, Europe speeds up help for virus-hit economy

By David Mchugh Mar. 11, 2021 05:01 AM EST

In this photo provided by the New York Stock Exchange, traders work on the floor, Friday, March 5, 2021, in New York. Stocks are swerving through another rocky ride Friday, as investors struggle to figure out what an encouraging report on the economy and the recent march higher for bond yields should mean for the market. (Nicole Pereira/New York Stock Exchange via AP)
Tech rebound pulls stocks out of a slump and to weekly gain

By Alex Veiga Mar. 05, 2021 03:09 AM EST