This translation has been automatically generated and has not been verified for accuracy.The Federal Reserve’s unprecedented stimulus measures did little to brighten Wall Street’s immediate outlook on coronavirus-ravaged stocks, as concerns remained about the lack of a government stimulus package and the ability to contain the pandemic.
The moves have helped ease a liquidity squeeze in funding markets and signaled that the Fed was willing to take extraordinary steps in order to boost the economy. But investors said the Fed’s measures alone are unlikely to stem the stock market’s decline. The S&P 500 has plunged more than 30% in 22 trading days -- the fastest such drop in its history, according to BofA Global Research.
Investors are looking for signs of whether efforts to keep Americans and Europeans isolated will slow the rates of new infections and deaths tied to the coronavirus. Daniel Wiener, an investment adviser who runs a newsletter for Vanguard investors, said the Fed seemed to be stepping in with necessary moves at a time of political paralysis.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks jump higher after Fed moves to help businessesU.S. futures jumped and global stock benchmarks trimmed losses Monday after the Federal Reserve said it will lend to small and large businesses and local government to help them cope with the economic damage created by the coronavirus pandemic. Well that’s good news, eh ? The worst is over, eh ? That wont last long once they find out they were decieved as usual
Source: CTVNews - 🏆 1. / 99 Read more »
U.S. Fed to buy as much government debt as needed to aid economyIn its boldest effort to protect the U.S. economy from the coronavirus, the U.S. Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis. They are so missing the point. That is such a waste of money and resources. Use those funds to aid the healthcare industry and the economic problems take care of themselves. Peoples' health must come first. Bank of Canada could be printing interest free currency as it was mandated to do for the benefit of all Canadians. Oy vey. EndTheFed
Source: CTVNews - 🏆 1. / 99 Read more »
COVID\u002D19: Virus leads to surge of local food, seed salesCOVID\u002D19: Virus leads to surge of local food, seed sales Growing your own will be more popular than ever this year.
Source: VancouverSun - 🏆 49. / 61 Read more »
France is now using helicopters and drones to enforce virus restrictionsFrance is calling up helicopters and drones to boost the government's attempts to keep people in their homes, police officials said Saturday. Leadership in action JustinTrudeau PattyHajdu cafreeland AndrewScheer PierrePoilievre MichelleRempel 2020 will be a year to remember Need this in Vancouver.StayHome24in48
Source: CTVNews - 🏆 1. / 99 Read more »
North Korea: Trump sends letter offering anti-virus co-operationU.S. President Donald Trump sent a personal letter to North Korean leader Kim Jong Un, seeking to maintain good relations and offering co-operation in fighting the viral pandemic, Kim's sister said Sunday. If only he would do the same for his own country Fuck North Korea People dying in the US because of his ego and ineptitude and those around him stand by like sheeple. Please stop reporting about him. It's like watching the worst reality show that should have never aired and is now in season 4. COVIDIOT
Source: CTVNews - 🏆 1. / 99 Read more »
Australia announces nearly $55B in virus reliefAustralia on Sunday announced a $55 billion spending plan to limit the economic damage from the coronavirus pandemic, as citizens were told to cancel domestic travel plans to slow the virus spread. A little late for them.
Source: CTVNews - 🏆 1. / 99 Read more »