Even With $1 Trillion Stimulus, Hit To Economy And Employment From Virus Will Be Big
The double-barreled approach of a $1 trillion proposed fiscal stimulus program and Federal Reserve policy could help sof... Read more
US Housing Starts Fall Less Than Expected In February
U.S. homebuilding fell in February, pulled down by a sharp decline in the construction of multifamily housing units, and... Read more
Mnuchin Warns Senators Of 20% US Unemployment Without Coronavirus Rescue, Source Says
U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the country's unemployment rate could hit 20% if ... Read more
Banks Nearly Took Down The Economy In 2008. Now The Industry Hopes To Redeem Itself
"They want to be part of the solution this time," said one analyst. Read more
Weekly Mortgage Applications Drop Over 8% As Interest Rates Jump Briefly
A spike in interest rates abruptly ended the refinance boom, pushing mortgage application volume down 8.4%, the Mortgage... Read more
Nevada To Close Casinos, Businesses And Ban Dining Out To Stem Coronavirus Spread
The order from Democrat Steve Sisolak Tuesday night follows similar moves by more than 10 other governors as states scra... Read more
The Federal Reserve Is Adding Another Program To Keep Money Flowing For Big Financial Institutions
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, ... Read more
'No Blank Check' For Airlines Seeking More Than $50 Billion In Coronavirus Aid, Democrats Warn
Labor unions and some lawmakers want worker and consumer protections if airlines get more than $50 billion in government... Read more
Trump Seeks Stimulus Package Potentially Worth More Than $1 Trillion, Including Direct Payments To Americans
The White House is seeking a stimulus package worth anywhere from $850 billion to over $1 trillion in a bid to battle th... Read more
Sheryl Sandberg Says Facebook Wants To Help Small Businesses Pay Workers And Move Online Amid COVID-19 Crisis
Sandberg said on Tuesday that Facebook will do what it can to help its employees and small businesses manage through the... Read more
Kroger CEO: We Have Hired 2,000 People And Have 10,000 Openings In Response To Coronavirus Demand
"We're hiring every day," Kroger CEO Rodney McMullen told CNBC. Read more
Fed Will Help Businesses Get Up To $1 Trillion In Funding In The Short-term Borrowing Markets Amid Coronavirus Crisis
In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper. Read more
Retail Sales Drop 0.5% In February
Retail sales fell 0.5% in February, indicating the consumer sector was slowing even before the coronavirus struck with f... Read more
Morgan Stanley Says A Global Recession In 2020 Is Now The Firm's 'base Case'
Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy... Read more
'I Don't See How We're Going To Avoid Having A Recession,' Says Former Fed Advisor As Coronavirus Outbreak Persists
Even if every American is given $1,000 to ride out the coronavirus crisis, it's still going to be difficult for the U.S.... Read more