The stimulus package under negotiation in the Senate to combat the economic damage from the coronavirus pandemic will total more than $2 trillion, White House Economic Advisor Larry Kudlow said on Saturday.
"We have a chance to stimulate our economy by taking care of Americans who need it the most. We need to match the scope of this crisis with bold solutions that invest in our country's future," write U.S. Sens. Elizabeth Warren and Ron Wyden...
The coronavirus has infected more than 287,000 and killed at least 11,921 worldwide, according to data from Johns Hopkins University.
The US government stimulus will be huge!
Deflation first, then big or even hyper-inflation. That has been Mike Maloney’s ‘most likely’ scenario for almost fifteen years, and it now appears to be playing out. Get an inside look at what this short-term deflation could mean for you, your family and your country in today’s update from Mike.
Gold has also likely been used to raise cash to cover losses in other asset classes because: it remains one of the best performing asset classes year-to-date (y-t-d), despite recent fluctuations it is a high quality and highly liquid asset, trading over US$260 billion (bn) per day in March1...
Coronavirus has hit the world’s biggest debt funds, which have lost billions of dollars in value, Morningstar data shows, while one smaller fund shed half its value in a little over two weeks.
Dan Niles of AlphaOne Capital Partners said Friday that he doesn’t trust the bounces the stock market has seen and thinks the market is still a long way from a bottom.
In the last 5 days, central banks around the world have announced 2020 monetary stimuli to the tune of USD 4 trillion (inclusive of measures continuing from those announced back in late 2019). This is what this bought them in the markets:...
Speculation grows that the Fed will have to add corporate debt to quantitative easing purchases, Wells Fargo’s Cisar says.
Stocks slashed their earlier gains on Friday as investors concluded a week of wild swings. Wall Street has been grappling with fears over the coronavirus’ economic blow, fueling historic market volatility.
On Thursday, the number of people who have died from COVID-19 in Italy surpassed that of China.
Psst...Heard the one about the March, 2020 disconnect between the paper price and the physical price?
A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.
Google-owned YouTube has just announced that they’re going to be censoring a lot more videos during the pandemic, citing the need to rely on automated censorship as they scale back workers’ presence at the office
This action is taken to ensure that the supply of reserves remains ample and to support the smooth functioning of short-term U.S. dollar funding markets
Unemployment claims jumped this week, an early sign that coronavirus will likely hit Americans hard — and many are already fearful they won't be able to pay major bills, like housing, if the economy tumbles.
Treasury Secretary Steven Mnuchin sees the proposed Senate Republican stimulus measure as too small in some areas and wants it to include direct payments to more individuals to mitigate the economic consequences of the coronavirus outbreak, according to people familiar with his thinking.
The US stock market has crashed faster than both the Great Depression and Black Monday, and in terms of the total drawdown, the crash of 2020 is now worse than 1929 and is fast approaching 1987.
Goldman economists had expected a decline of 5% in the second quarter, but they said social distancing measures have affected many sectors and will hit hard.