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Market Snapshot: Dow trades 200 points lower as clock ticks for Congress to pass another spending bill, round of economic relief
Stocks trade slightly lower Friday afternoon, a day after benchmark indexes closed at record highs, as Wall Street awaits an update from Congress on fiscal stimulus talks and a spending bill to thwart a midnight government shutdown......»»
Economic crises that led to massive government stimulus
While the CARES Act is the largest stimulus measure in history, it is hardly the first time the U.S. government has used non-traditional tools of fiscal policy to intervene in an economic crisis......»»
Credit companies cut spending limits without warning
Safety net threatened for consumers who need credit cards during economic crisis, as firms move to cancel dormant cards and reign in limits......»»
Government must lay foundations for a more affordable tomorrow
Millions of American renters were struggling to pay rent each month even before the COVID-19 pandemic ushered in an unprecedented economic crisis. Now, with more than 10 million America.....»»
U.S. deficit could quadruple to $3.7 trillion in coronavirus crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7 trillion this fiscal year as the country combats the coronavirus pandemic, congressional forecasters said on Friday......»»
Asia stocks set to rise after Wall Street gains on oil rebound
Asian equity markets were poised to edge higher on Thursday after rebounding crude prices and the promise of more U.S. government aid to ease the economic pain inflicted by the coronavirus crisis helped calm global equity markets......»»
A financial adviser says people share 2 big concerns about retirement, and the coronavirus has made them even more complex
Halfpoint Images/Moment/Getty It's difficult to plan for retirement during an economic downturn and global health crisis. Financial adviser Chip Munn says people's biggest concerns about retirem.....»»
Branson offers island as collateral as Virgin airlines face collapse
Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic......»»
Branson offers island as collateral as Virgin airlines face collapse
Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic......»»
My Take On Covid-19 Dividend Cuts
We are in a health crisis, which has turned into an economic and financial crisis. Many people and organizations are hurting, which has resulted in widespread government relief efforts. Stocks are crashing, e.....»»
When will U.S. economy bottom? Economists hunt for the right view
The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter and spending stops......»»
Euro zone starts slide down inflation slope as coronavirus lockdowns weigh
Euro zone inflation plunged this month on crashing oil prices, signalling the start of a possible deflationary spiral as government lockdowns in response to the coronavirus trigger a dramatic slowdown in economic activity. Ciara Lee reports.....»»
Here"s how the government wants to spend $2 trillion to protect the economy from coronavirus" effects
Jonathan Ernst/Reuters The Senate's $2 trillion spending package will employ historic amounts of government cash to combat the coronavirus and its economic fallou.....»»
NuStar to make major spending cuts as broad economic crisis looms
San Antonio pipeline operator NuStar Energy LP is the latest energy company to announce major spending cuts to protect itself from a low price oil market. NuStar (NYSE: NS) plans to reduce projected spending this year by about $100 million and possibly.....»»
Fed official who helped in 2008: "We will get through this crisis"
The former Treasury official who was in charge of the $700 billion government response to the 2008 financial crisis tells 60 Minutes what tools the Federal Reserve can use to combat the economic stress being caused by COVID-19......»»
Fed official who helped in 2008: "We will get through this crisis"
The former Treasury official who was in charge of the $700 billion government response to the 2008 financial crisis tells 60 Minutes what tools the Federal Reserve can use to combat the economic stress being caused by COVID-19......»»
The government is asking millennials to do their part during the coronavirus pandemic, here"s what millennials should demand in return
Pablo Monsalve /Getty Images For millennials, adulthood has now been defined by careening from one economic crisis to another. Unl.....»»
U.K. government to pay up to 80% of wages in ‘economic fight-back’ against coronavirus as pubs are forced to close
The government has stepped in to help pay U.K. workers’ lost wages in an unprecedented move amid the deepening coronavirus crisis......»»
NewsWatch: Stocks rise in choppy trade as governments, central banks try to calm investor nerves
U.S. stocks turned higher midday Thursday in seesaw price action as investors digested the latest economic data showing the impact of the coronavirus pandemic as well as moves by government and central banks to alleviate the crisis......»»
Market Snapshot: Stocks rise in choppy trade as governments, central banks try to calm investor nerves
U.S. stocks turned higher midday Thursday in seesaw price action as investors digested the latest economic data showing the impact of the coronavirus pandemic as well as moves by government and central banks to alleviate the crisis......»»