by EFSD | Mar 19, 2020 | Economic News
The Federal Reserve took another page out of its 2008 crisis-era playbook late Wednesday evening, invoking its emergency authority to create a backstop for prime money market mutual funds.The new Money Market Mutual Liquidity Fund will provide loans to financial...
by EFSD | Feb 29, 2020 | Economic News
Goldman Sachs said it sees three rate cuts from the Federal Reserve from March through June to combat the negative economic impact from the coronavirus.Bank of America now sees a 50 basis point cut at the Fed’s March meeting.“The committee will probably be reluctant...
by EFSD | Feb 27, 2020 | Economic News
Markets are putting pressure on the Federal Reserve to cut rates and have priced in at least three reductions this year.For their part, central bank officials consistently have said it’s too early to gauge the global economic impact from the coronavirus.Some market...
by EFSD | Feb 10, 2020 | Economic News
Canada Goose (GOOS) – The outerwear maker reported better-than-expected profit and revenue for its fiscal third quarter, but also said the coronavirus outbreak is having a “material negative impact” during the current quarter. The company did add that no supply chain...
by EFSD | Feb 6, 2020 | Economic News
Mary Daly said she did not think the coronavirus outbreak would do anything “material” to the U.S. economyThe Fed cut its benchmark interest rate three times last year. The next meeting of the Federal Open Market Committee is March 17 and 18. San Francisco Fed...
by EFSD | Feb 5, 2020 | Economic News
Tesla shares closed up nearly 20% on Monday at a record high $780.00 a share.The company’s market cap is now more than $140 billion, nearly triple that of General Motors.Tesla reported revenue last week of $24.6 billion in 2019 Billionaire investor Ron Baron...
