Morgan Stanley says a global recession in 2020 is now the firm’s ‘base case’
Darrell Gulin | Getty Images Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world’s economy. “Global recession in 2020 is now our base case,” Morgan Stanley chief economist Chetan Ahya wrote in a note....
Stocks making the biggest moves in the premarket: Regeneron, Pfizer, Boeing, Amazon & more
Take a look at some of the biggest movers in the premarket: Regeneron Pharmaceuticals (REGN) – The biotech company said it aims to have a potential drug for COVID-19 ready for clinical trials by early summer, earlier than previously expected....
Stocks making the biggest moves after hours: MGM Resorts, Tencent Music, Amazon and more
An exterior view shows MGM Grand Hotel & Casino on the Las Vegas Strip as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the...
Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter...
US recession still a risk but the central bank’s moves deserve applause, says former Fed official
The U.S. Federal Reserve’s latest moves — which include cutting interest rates to zero — deserve applause, even though the American economy could still head into a recession given the uncertainty around the coronavirus outbreak, a former Fed official said....
Powell says the Fed doesn’t see negative rates as ‘appropriate’ policy for the United States
Federal Reserve Chairman Jerome Powell said Sunday that it’s unlikely that central bank will entertain negative interest rates as the next step to help the economy during the coronavirus scare. Instead, he said, the Fed is focusing on interest rates...
Powell says Fed is ‘willing to be patient’ before raising rates again amid coronavirus slowdown
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3,...
The Federal Reserve has taken massive steps to help markets. Here’s what’s left in its arsenal
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3,...
Coronavirus and market volatility shuts down the IPO market for potential listings like Airbnb
Chesnot | Getty Images Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus. Logistics issues aside for investment bankers unable to travel, market volatility like...
Trump declares national emergency over coronavirus
President Donald Trump on Friday declared a national emergency over the coronavirus pandemic, and announced a set of specific measures aimed at stemming the effects of the outbreak. Stock marked indices sharply rallied during Trump’s press conference , posting their largest...
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