Analysts have predicted that there are high tendencies of the US economy shrinking by 13 to 14 percent. On Wednesday, JP Morgan and Co. released a new note stating that there is a high probability of ...
On Wednesday, the NYSE closed its trading floor after traders tested positive for coronavirus. It said it will temporarily move fully to electronic trading which would officially begin on March 23, at...
“I know this is early but wanted to get ahead of the politics. If we are going to bailout companies we need to make sure all employees benefit from a turnaround, not just execs.”Mark Cuban (twitte...
The stock market keeps going down daily and it seems like a lot of company will not be open for business ever again if things continues to go this direction. As a result, a hedge fund manager Bill Ack...
Quantitative easing (QE) is an economic strategy—monetary policy, wherein, the central bank deliberately buys financial assets or government bonds in large amounts to pump money directly into the ec...
On Tuesday, the Trump administration represented by Steven Mnuchin, the Treasury Secretary Said that the administration has decided to send direct payments to millions of Americans in the US within th...
As threats of the coronavirus continue to rise and the financial markets plunge, it would only be a matter of time before the global economic downturns. Despite the actions by the World Bank Group, IM...
On Sunday, the Federal Reserve announced that it would cut interest rates to zero alongside launching a new quantitative ease program worth $700 billion of assets purchases including Treasuries and mo...
In spite of the Feds Sunday rate cut, stock futures tend not to be affected so much as they dropped sharp on Monday. The stock market futures hit “limit down” levels of 5% lower as established by ...
Many retail stores around the US are forced to shut their doors and turn off their lights to prevent further spreading of the coronavirus. Many other retail stores are closing down due to lack of inve...