Powell says widening OIS-Libor spread is "nothing like" situation during crisis

The tendrils of the coronavirus pandemic reached deeper into the American economy last week, leaving millions more people out of work as the damage spread to jobs and industries that were spared at the outset of the crisis......»»

As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world's airlines called the last few months "its deepest crisis ever.".....»»

In this week's Insider Tech newsletter we look at the widening pushback against Facebook's products and what it mea.....»»

The pandemic has taken the push for basic income national, making what has been a buzzy idea on the internet into real world programs. Will this idea outlast the economic crisis?.....»»

The pandemic has taken the push for basic income national, making what has been a buzzy idea on the internet into real world programs. Will this idea outlast the economic crisis?.....»»

The jobs report may be strong and the US economy may be recovering, but that doesn't mean the Fed is going to ease off the COVID crisis measures. Federal Reserve Chair Jerome Powell pre.....»»

Rates to borrowers in the overnight U.S. Treasury market went negative heading into Thursday, a situation BofA Global analysts were predicting would happen "by May,” without tweaks from the central bank......»»

Dominion and Smartmatic are filing defamation lawsuits against people who spread baseless claims that their voting machines "stole" votes for B.....»»

Pandemic-related expenses still pose a risk to governments, but tax revenues have largely outperformed, the Fed chair said .....»»

The Dow and S&P 500 eked out gains Tuesday, while the tech-heavy Nasdaq Composite finished lower, as congressional testimony from Federal Reserve Chairman Jerome Powell helped reverse a market selloff tied largely to a sharp rise in bond yields......»»

Sineva Ribeiro, the chairwoman of the Swedish Association of Health Professionals, shared her thoughts with Bloomberg on the "terrible" situation in Sweden as coronavirus infections continue to spread......»»

As the continued spread of COVID-19 puts much of the U.S. economy at a standstill, many are wondering how the economic slowdown will affect the real estate market. While construction is considered an........»»

When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios......»»

U.S. stocks en.....»»

U.S. stocks traded lower on Wednesday as investors attempted to digest comments being made by Federal Reserve Chairman Jerome Powell about the economic outlook in the .....»»

U.S. stocks traded lower on Wednesday as investors attempted to digest comments being made by Federal Reserve Chairman Jerome Powell about the economic outl.....»»

U.S. stock benchmarks trade lower Wednesday morning as Federal Reserve Chairman Jerome Powell offers an uncertain near-term outlook of the economy, with state and federal officials attempting to restart businesses from a coronavirus-induced lockdown......»»

We have been quickly catapulted into uncertain times. Fear of the spread of Covid-19 is taxing our families, our health care systems and our communities. According to the U.S. Department of Labor, more than 30 million Americans have filed for unemplo.....»»

Federal Reserve Chairman Jerome Powell recently offered his opinion that the United States may have already entered a recession. But Powell hastened to differentiate our current economic situation from a “normal” recession by emphasizing that a quick.....»»

Berkshire Hathaway Chairman and Chief Executive Warren Buffett on Saturday had high praise for the Federal Reserve's handling of the market turmoil that accompanied the deepening of the coronavirus crisis in March, .....»»