Markets > Government

Wall Street rises on Fed's $2.3 trillion rescue plan

1 month ago   |   By Reuters

Wall Street rose for the third time in four days on Thursday as the U.S. Federal Reserve rolled out a massive $2.3 trillion program to bolster local governments and businesses hammered by the coronavirus outbreak.
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An ETF themed around working from home aims to let investors cash in on COVID-19 lockdowns

1 month ago   |   By Fast Company

Industries that support work-from-home lifestyles are riding unprecedented waves of popularity, and Wall Street investors are clamoring to cash in on their success.
With millions of the world's population under some form of lockdown during the coronavirus pandemic, industries that support work-from-home lifestyles are riding unprecedented waves of popularity , and Wall Street investors are clamoring to cash in on their success.
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Fed studying if new facility for small business loans might be opened to non-bank lenders

1 month ago   |   By Reuters

The Federal Reserve may expand a program to back Small Business Administration loans to include non-bank lenders as a way to help speed distribution of $350 billion in loans considered critical to helping the smallest firms through the coronavirus crisis.
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Explainer: What the Federal Reserve has done in the coronavirus crisis

1 month ago   |   By Reuters

The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency interest rate cut on March 3 and rolling out new efforts almost weekly since, including slashing rates to zero and relaunching large-scale asset purchases.
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Cashin: Fed gives stocks a 'breath of fresh air' but full market recovery may take some time yet

1 month ago   |   By CNBC

The veteran Wall Street trader said Thursday he does not expect a so-called V-shaped recovery but more of a U-shaped or even an L-shaped trajectory.
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Wall Street climbs after Fed stuns markets again with aid

Wall Street climbs after Fed stuns markets again with aid

1 month ago   |   By Stl Today

NEW YORK - Stocks rose in morning trading on Wall Street Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak.
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Fed will continue to act 'forcefully, proactively and aggressively,' Powell says

1 month ago   |   By Reuters

The Federal Reserve will continue to use all the tools at its disposal until the U.S. economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said on Thursday, even as he acknowledged the limits of the central bank's powers.
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Alert: Stocks are opening higher on Wall Street after the Federal Reserve takes more aggressive action to support the economy

1 month ago   |   By Chron

NEW YORK - Stocks are opening higher on Wall Street after the Federal Reserve takes more aggressive action to support the economy.
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ATH.Almost.Kinda.Well, Not Really

ATH.Almost.Kinda.Well, Not Really

Ready for some serious cherry-picking of data? Here goes. The S&P 500 closed at an all-time high today outside of one minor exception. Just one day. March 16 to be exact. If... Read more ...

Wall Street closing higher on economic revival hopes

Wall Street closing higher on economic revival hopes

Stock indexes are closing broadly higher on Wall Street Wednesday, as hopes for a coming economic revival turn the market's leaderboard upside down. Banks and retailers are... Read more ...

Unemployment will be higher in the US than in other advanced economies...

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

The US labor market will stage a slower recovery than most other advanced economies until at least 2021, Goldman Sachs said Tuesday. The bank forecasts the nation's... Read more ...

Wall Street closes higher on economic revival hopes

Wall Street closes higher on economic revival hopes

Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax... Read more ...

Bank of America warns a new bubble may be forming in the stock market - and...

Bank of America warns a new bubble may be forming in the stock market - and shares a cheap strategy for protection that is 'significantly' more profitable than during the last 10 years

The attractiveness of US assets relative to the rest of the world is brewing a bubble in the stock market, according to equity-derivatives strategists at Bank of America. They... Read more ...

The tech pioneer who sold BEA Systems to Oracle for $8.5 billion in a...

The tech pioneer who sold BEA Systems to Oracle for $8.5 billion in a hostile takeover battle just launched a venture fund for startups in the post-COVID-19 world

Alfred Chuang, the former CEO and cofounder of BEA Systems, has been out of the spotlight since 2008 when Oracle gobbled up his software company for $8.5 billion after a high... Read more ...

'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen...

'You didn't panic about anything!': CNBC's Andrew Ross Sorkin and Joe Kernen clashed on live TV over the severity of the coronavirus pandemic

CNBC hosts Andrew Ross Sorkin and Joe Kernen fiercely clashed on Wednesday morning over the severity of the coronavirus pandemic, which has killed nearly 100,000 people in the... Read more ...

Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway loses Bill Ackman as an investor

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge fund manager revealed the sale of his Pershing Square fund's $1 billion Berkshire stake in a... Read more ...

EU proposes 750 billion-euro coronavirus recovery fund

EU proposes 750 billion-euro coronavirus recovery fund

BRUSSELS - The EU's executive is proposing a 750 billion-euro recovery fund to help the bloc's economy through the painful recession triggered by the coronavirus pandemic... Read more ...

The Fed is considering a policy tool not used since World War II to keep...

The Fed is considering a policy tool not used since World War II to keep borrowing costs at historic lows

The Federal Reserve is mulling yield-curve control as a method for ensuring borrowing costs stay at historically low levels through the coronavirus recession, New York Fed... Read more ...