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Washington Weighs Big Bailouts to Help US Economy Survive Coronavirus WASHINGTON — Entire sectors of the American economy are shutting down, threatening to crush businesses, put millions of people out of work and forcing lawmakers to consider a vast financial bailout that would dwarf the federal government's response to ...
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Elizabeth Warren has a list of demands for companies bailed out by Washington New York (CNN Business) A dozen years after the infamous Wall Street bailout, Uncle Sam is once again preparing to rescue large chunks of Corporate America from the coronavirus. Everyone from Boeing (BA) and General Electric (GE) to the battered ...
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Coronavirus Pandemic to Test Limits of How Much Debt US Can Bear The coronavirus pandemic is about to test the bounds of how much debt the U.S. government can bear. Even before the crisis hit, the U.S. was on track to increase its budget deficit to nearly $1 trillion in the fiscal year that ends Sept. 30. It was already up to ...
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Pound Slides to Weakest Since 1985, Surpassing Brexit Vote Lows The pound fell to its lowest level against the dollar in over three decades as the shocks caused by the coronavirus rippled through global markets. Investors fled from U.K. assets as the pandemic began spreading through Britain, with many fearing Prime ...
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US oil plunges to 18-year low as lockdowns trigger market meltdown NEW YORK (Reuters) - Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse. FILE PHOTO: ...
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US crude hits 18-year low as lockdowns spread LONDON (Reuters) - Oil prices fell for a third session on Wednesday, with U.S. crude futures tumbling to an 18-year low and Brent hitting a more than 16-year low as travel and social lockdowns to counter the coronavirus raised prospect of the steepest ever ...
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Coronavirus updates: Stocks fall again, Las Vegas strip goes dark, death toll climbs to 114 The lights went out on the famed Las Vegas Strip, the worldwide death toll topped 8,000 and stocks took another hit Wednesday as the coronavirus tightened its grip on the globe. The U.S. death toll reached 114, and America's sense of normal continued to ...
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Dollar resumes ascent as investors panic about coronavirus, scramble for cash TOKYO (Reuters) - The dollar resumed its relentless climb against major currencies on Thursday as wild financial market volatility and worries over tightening liquidity triggered by the coronavirus pandemic sparked an investor flight into cash. A U.S. Dollar ...
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Interest rates are rising, a bad sign as the economy slides toward recession Rising interest rates are the last thing a weakening economy needs, but Treasury yields continue to rise even though the Fed is using its heavy artillery to drive them lower. Strategists say yields, which move opposite price, are going higher because a big ...
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Bear Market Checklist: A Game Plan For Navigating The Market Turmoil Throughout the bull market, which turned 11 years old on March 9, 2020, investors speculated when, and how, it would come to an end. No one could have predicted this. The ultimate cause for a global market sell-off turned out to be a virus and a ...
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