Archive for March 23rd, 2020

<p>The central bank is acting as a buyer of last resort and propping up the bond market in the most efficient manner possible.</p>

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A provision in the Senate's coronavirus relief bill will allow affected savers to pull up to $100,000 from their retirement plans, free of the 10% early withdrawal penalty. Here are 3 things you should know.

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<p>Stocks ended sharply lower Monday as U.S. lawmakers failed to push through massive fiscal stimulus to curtail the economic blow from the coronavirus. </p>

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The U.S. is entering a recession. The ultimate fear is that could turn into a protracted malaise that has some flavor of a depression.

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New data shows that the US rental market saw a massive drop in interest from March 11-17. RENTCafé searches fell by 25% versus just 4% last year.

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<p>Stocks fell sharply Monday as U.S. lawmakers failed to push through massive fiscal stimulus to curtail the economic blow from the coronavirus. </p>

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<p>U.S. Federal Reserve and Trump administration officials over the last week have greased corporate and bank financial markets, freed up half a trillion dollars for central banks in other countries, and pledged to keep major industries such as the airlines afloat.</p>

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They include big new lending programs — but state and local governments are left out of the party.

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<p>Stocks traded mostly lower Monday even after the Federal Reserve unveiled new measures to keep markets working properly and as Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the blow from the coronavirus outbreak.</p>

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As Washington haggles over how much money to send to Americans in the wake of the coronavirus epidemic, there could be one more side effect: taxes. Here's how much the government is currently thinking about sending you, and how much of a cut it may or may not take.

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<p>Companies were already racing to try to determine how — or if — they could contribute.</p>

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<p>Stocks fell Monday even after the Federal Reserve unveiled new measures to keep markets working properly and as Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the blow from the coronavirus outbreak.</p>

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HEALTH-CORONAVIRUS/USA-FED (UPDATE 2):UPDATE 2-U.S. Fed aims 'bazooka' at coronavirus to backstop economy

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President Donald Trump caused consternation in Washington, Detroit and beyond when he tweeted on Sunday that he had given automakers the “go ahead” to start producing ventilators and other equipment desperately needed in the coronavirus pandemic.

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<p>The Federal Reserve said Monday it will launch a barrage of programs aimed at helping markets function more efficiently in the wake of the coronavirus crisis.</p>

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