Some businesses consider themselves more essential than government officials do. Most notably, Tesla kept operating its Fremont assembly plant until the local sheriff ordered the electric vehicle maker to shut down. “Our goal is simple, we want to bend the curve, and disrupt the spread of the virus,” says Newsom’s […]
U.S. Treasury panel wants Fed to expand purchases, revive crisis-era credit facility: sources
By Matt Scuffham, Jessica DiNapoli and Pete Schroeder WASHINGTON (Reuters) – Members of an influential financial markets advisory panel want the U.S. Federal Reserve to aggressively expand large-scale asset purchases and reinstate a 2009 crisis-era facility to support lending to consumers and small businesses, according to two people with knowledge […]
An Expert Answers the 50 Most Googled Coronavirus Questions
As the coronavirus pandemic continues to whip around the world, killing thousands of people and overloading hospitals, you’ve probably turned to Google to answer your questions. But you can’t trust everything you find on the internet, so we got Dr. Seema Yasmin, director of the Stanford Health Communication Initiative, to […]
Highlights: UK’s Sunak goes all out to avert economic collapse
Economic Indicators12 hours ago (Mar 20, 2020 02:45PM ET) LONDON (Reuters) – British finance minister Rishi Sunak launched a gigantic stimulus package to stabilise Britain’s virus-hit economy on Friday, including the government paying the wages of workers up and down the country. Here is what he and Prime Minister Boris […]
South African Airways cancels more flights as funds run dry
Economic Indicators12 hours ago (Mar 20, 2020 02:10PM ET) By Alexander Winning JOHANNESBURG (Reuters) – South African Airways (SAA) said on Friday it would suspend intercontinental and African regional flights until the end of May because of the coronavirus, as administrators trying to save the airline said it could run […]
Fed announces more emergency moves to stem dollar, liquidity strains
Forex14 hours ago (Mar 20, 2020 12:10PM ET) (C) Reuters. By Lindsay Dunsmuir and Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve continued to roll out emergency support on Friday as it enhanced efforts with other major central banks to ease a global dollar-funding crunch, backstopped a market essential […]
Prime money-market funds could slow redemptions as they bleed assets
Economic Indicators15 hours ago (Mar 20, 2020 11:30AM ET) BOSTON (Reuters) – U.S. prime money-market funds have lost more than 10% of their assets and the prospect of funds slowing customer redemptions is rising amid unprecedented market turmoil, top credit-rating agency Moody’s Corp said on Thursday. “The risk of funds […]
German supplementary budget worth 150 billion euros: source
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U.S. existing home sales surge to 13-year high in February
Economic Indicators16 hours ago (Mar 20, 2020 10:05AM ET) WASHINGTON (Reuters) – U.S. home sales surged to a 13-year high in February, but the housing market recovery is likely to be derailed by the coronavirus pandemic, which has unleashed a wave of layoffs and left the economy teetering on the […]
Germany planning special budget of at least 100 billion euros: Handelsblatt
Economic Indicators16 hours ago (Mar 20, 2020 09:55AM ET) BERLIN (Reuters) – Germany is planning a supplementary budget of at least 100 billion euros to help tackle the coronavirus crisis and will finance it completely via debt, business daily Handelsblatt reported on Friday, citing government sources. Half of the money […]