Markets / Wall Street

Founder of Chinese e-commerce firm Pinduoduo departs

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HONG KONG — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base...

In war-torn Syria, uprising birthplace seethes 10 years on

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<p>BEIRUT &mdash; Daraa was an impoverished, neglected provincial city in the farmlands of Syria’s south, an overwhelmingly Sunni Muslim backwater far from the more...

Text of the Federal Reserve’s statement after its meeting

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WASHINGTON — Below is the statement the Fed released Wednesday after its policy meeting ended: ...

Lebanese president calls on PM to form Cabinet immediately

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<p>BEIRUT &mdash; Lebanon’s president called Wednesday on the prime minister-designate to form a government immediately or step aside as the country plunges deeper into...

Lebanese president calls on PM to form Cabinet immediately

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BEIRUT — Lebanon’s president called Wednesday on the prime minister-designate to form a government immediately or step aside as the country plunges deeper into...

What to do if you are a victim of unemployment fraud

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<p>Unemployment fraud in the U.S. has reached dramatic levels during the pandemic — the Labor Department inspector general’s office estimates that more than $63...

Why good news for the economy can be a drag on your 401(k)

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NEW YORK — A huge shift is underway within the stock market, one that might roil your 401(k) in the short term, but one...

New challenge for the Powell Fed: A strengthening economy

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<p>WASHINGTON &mdash; For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of...

NatWest unit faces criminal charge in money laundering case

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LONDON — National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 million) deposited into a...

Biden to name Sperling to oversee COVID-19 relief package

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<p>Gene Sperling, a veteran of the Clinton and Obama administrations, will lead the oversight for distributing funds from <a href="https://apnews.com/article/joe-biden-pennsylvania-coronavirus-pandemic-jill-biden-new-mexico-20daf5a372454ce90589606d0f53d620">President Joe Biden's $1.9 trillion...