JPMorgan Chase says it has two cases of coronavirus at Manhattan headquarters
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase said that two employees at its headquarters in New York City had the coronavirus, the first confirmed instances...
Trump plans to declare national emergency over coronavirus pandemic
President Donald Trump (R) delivers remarks with Vice President Mike Pence in the Rose Garden at the White House August 29, 2019 in Washington, DC. Chip Somodevilla | Getty Images President Donald Trump plans to declare a national emergency over the...
Airline stocks soar on hopes for financial relief from coronavirus, Delta up 10%
An aircraft operated by British low cost airline Easyjet moves past other aircrafts as a rainbow is seen at Amsterdam Airport Schiphol on March 9, 2020 in Schiphol, Netherlands. Yuriko Nakao | Getty Images Shares of major U.S. airlines got...
Trump demands more Fed action in coronavirus response even after $1.5 trillion liquidity injection
U.S. President Donald Trump speaks as Jerome Powell, governor of the U.S. Federal Reserve and Trumps nominee as chairman of the Federal Reserve, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C.,...
Fed increasingly expected to cut interest rates to zero next week
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,...
Market turmoil sparked by coronavirus fears is worse than financial crisis, James Bianco says
Market researcher James Bianco calls the Federal Reserve’s move to pump $1.5 trillion into the market the “nuclear option” to calm investors gripped by coronavirus fears. Only, it didn’t work Thursday. Instead, stocks saw their worst day since the 1987...
Cramer slams government on coronavirus: ‘They know nothing,’ evoking his epic 2007 Fed rant
CNBC’s Jim Cramer blasted the U.S. government’s response to the coronavirus on Thursday, arguing “this is the time for radical action.” “They know nothing. They know nothing. We know more than they do, and that’s not acceptable either,” Cramer said, hearkening...
US producer prices post biggest drop in five years
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters U.S. producer prices fell by the most in five years in...
China’s central bank to cut rates soon, analysts predict
A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. Jason Lee | Reuters...
Economist Alan Blinder says the US is probably already in recession
The U.S. is probably already in recession thanks to the fear-induced slowdown from the coronavirus, economist Alan Blinder said Wednesday. “I wouldn’t be one bit surprised if when we look back at the data, it is decided … that the...
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