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Wall Street capped an up-and-down week of trading Friday with a broad sell-off that wiped out the major indexes' gains for the week.
As the nation is gripped by COVID-19, residents, retailers and banks in Santa Maria are experiencing a coin shortage due to pandemic-related business restrictions that have slowed currency circulation.
As large parts of the U.S. ease their lockdowns, public health officials in some states are being accused of bungling or manipulating coronavirus statistics to make things look better than they are.
Federal Reserve Chair Jerome Powell offered an overall positive message while warning that it would take much longer for the economy to regain its health than it took for it to collapse with stunning speed. Get caught up on today's coronavirus developments.
WASHINGTON (AP) — The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. The money wil…
SANDERS: “I voted against the bailout because I believed that the illegal behavior being done by the people on Wall Street should not be rewarded by a bailout. ... The Fed gave trillions and trillions of dollars in zero interest loans to every financial institution in this country and central banks all over the world. That was essentially a grant.”
The coronavirus situation isn’t just disrupting 2020 travel plans; it’s also affecting account balances.
The Federal Reserve has already slashed interest rates by a half-point to counteract a possible coronavirus-induced economic slowdown.
The Fed's announcement of a major rate cut signaled its growing concern that the coronavirus, which is depressing economic activity across the world, poses an escalating threat and could trigger a recession.
TRUMP: “We are restoring our nation’s manufacturing might, even though predictions were that this could never be done. After losing 60,000 factories under the previous two administrations, America has now gained 12,000 new factories under my administration.”