At emergency March meetings Fed pledged to use full arsenal
WASHINGTON (AP) — Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak.Minutes of the two meetings released Wednesday show that Fed officials...
Fed eases limit on Wells Fargo to make more small biz loans
NEW YORK (AP) — The Federal Reserve is lifting its lending restrictions on Wells Fargo after some of the bank’s thousands of small business customers were shut out of a program that’s supposed to throw them a financial lifeline. The Fed’s action will...
Housing market chills, layoffs, companies boost virus fight
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.___________________PAYCHECKS STOP: Companies are in...
Wall Street jumps 3.4%, actually holds on this time
NEW YORK (AP) — Stocks shot to a 3.4% gain on Wall Street Wednesday as investors chose to focus on the optimistic side of data about the coronavirus outbreak’s trajectory. It’s the latest about-face in this brutally volatile stretch for the U.S. stock market, which...