Tag: Central banking
Dow sinks 1,500 as virus cases rise, deflating optimism
Stocks are falling sharply on Wall Street as coronavirus cases increase again, deflating recent optimism that economy could recover quickly as lockdowns ease. The...
European Central Bank nearly doubles pandemic support scheme
FRANKFURT, Germany (AP) - The European Central Bank has boosted its pandemic emergency support program by 600 billion euros to 1.35 trillion euros ($1.5...
The Latest: South Korea’s central bank lowers rate to 0.5%
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people...
Wall Street up as recovery hopes overshadow virus worries
Stocks surged on Wall Street in morning trading Tuesday, driving the S&P 500 to its highest level in nearly three months, as hopes for...
US stocks rally on hopes for vaccine and economic recovery
The stock market bounced back from its worst week in nearly two months Monday as optimism about a potential vaccine for the coronavirus and...
Report: Treasury fund to ease virus crisis off to slow start
WASHINGTON (AP) - The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by the economic rescue...
Report: Treasury fund to ease virus crisis off to slow start
WASHINGTON (AP) - The Treasury Department and Federal Reserve have lent hardly any money under a $500 billion fund created by economic rescue law...
Stocks move higher on Wall Street, extending global gains
Stocks moved solidly higher on Wall Street in morning trading Monday, extending a global rally amid optimism about a potential vaccine for the coronavirus...
Powell warns of a possible sustained recession from pandemic
WASHINGTON (AP) - Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged...
Powell warns of a possible sustained recession from pandemic
WASHINGTON (AP) - Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged...
