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Economy

AP News | Equities.com |

In its latest emergency action, the Federal Reserve is establishing a lending facility to buy short-term loans from banks and companies to ease the flow of credit.


AP News | Equities.com |

Excluding motor vehicles and parts, retail sales were still down a sizable 0.4%.


Frank Holmes | Equities.com |

There's a sector that Warren Buffet likes, but no one knows the full economic ramifications of this virus yet.


Reuters | Equities.com |

“We really are going to use our tools to do what we need to do here,” Powell said, adding that the Fed has gone in “strong” and could increase bond-buying and use other means to support the economy.


AP News | Equities.com |

Chamber CEO Thomas J. Donohue said his organization considers the crisis “a temporary event” and said it expects that much business activity that’s halted now will occur after the virus eases.


Reuters | Equities.com |

The Fed said it would expand its balance sheet by at least $700 billion in coming weeks.


Leo Kolivakis | Equities.com |

Despite Friday's massive rebound, I agree with those who claim the coronavirus has damaged the stock market.


Reuters | Equities.com |

The Fed is reassuring lenders that they should dip into those buffers if needed, the sources said.


Reuters | Equities.com |

Next week's individual projections from Fed policymakers will offer insight into whether or not they see a recession, and if so, how deep and how long it may be.


AP News | Equities.com |

The S&P 500 has collapsed 26.7% since its February peak.



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