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The recession is testing the limits and shortfalls of the Federal Reserve's toolkit In the six months since the coronavirus pandemic gripped the U.S. economy, the Federal Reserve has reached far beyond its playbook from the Great Recession, growing its balance sheet by roughly $3 trillion through emergency lending programs and ...
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GLOBAL MARKETS-The bulls get back into China ... * China economic data boosts markets, yuan at 16-month high. * Dollar in the doldrums, euro and EM FX on hot streaks. * Central bank meetings dominate week's agenda. * Oil up to $40 again, gold shines again. * Graphic: 2020 asset performance ...
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Delta Says Most Workers to Avoid Furlough: Live Updates Delta Air Lines has avoided the need to furlough much of its work force in the coming weeks, sparing many employees the fate faced by tens of thousands at other airlines. The airline's chief executive, Ed Bastian, made the announcement in a letter to staff ...
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The Fed could could still move markets Wednesday even with rates on hold for the foreseeable The Federal Reserve meets Tuesday and Wednesday for its regular policy meeting. Officials have indicated that no interest rate moves are likely for several years. Markets will be watching the Fed's revised economic projections, as well as indications on ...
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UPDATE 1-US natgas up over 2% as producers cut output for Hurricane Sally (Adds latest U.S. prices, international spreads) Sept 15 (Reuters) - U.S. natural gas futures gained over 2% on Tuesday as output fell after producers shut some Gulf of Mexico wells before Hurricane Sally smashes into the coast. That price rise came despite ...
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IBM plans a huge leap in superfast quantum computing by 2030 Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Tucked in the back of a laboratory at the IBM Research facility less than an hour north of New York City is a hulking mass ...
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Stocks gain on economic data as dollar trades little changed NEW YORK (Reuters) - World stock markets rose on Tuesday, first on upbeat Chinese data and later on a solid increase in U.S. factory output, while the dollar see-sawed on expectations the Federal Reserve will keep a downbeat economic outlook when ...
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TikTok's deal with Oracle is a bet that Trump will cave on concerns over China On the eve of the deadline for ByteDance to sell TikTok, there was much movement and little certainty. The whole thing seemed to come down to three words — "trusted tech partner" — and no one I've spoken to seems to know what they mean. The most ...
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DealBook: Can Airlines Avoid Another Bailout? Good morning. Amid all the other news and analysis in today's edition, we have the inside scoop on how SoftBank's $40 billion deal to sell the British chip designer Arm came together — check it out below. (Was this email forwarded to you? Sign up here.) ...
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Global Markets: Asian stocks cheer upbeat data but temper appetite ahead of Fed SHANGHAI/NEW YORK (Reuters) - Most Asian shares rose on Wednesday, extending a rally driven by upbeat Chinese and U.S. economic data, but the dollar, U.S. yields and gold held steady as investors awaited the Federal Reserve's view on the economy ...
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