Senior lawmakers and members of the Trump administration early Wednesday came to an agreement on a massive stimulus measure to try to keep Americans whole as the economy shuts down due to the coronavirus. “Ladies and gentlemen, we are done. We have a deal,” White House aide Eric Ueland announced …
Read More »Market Extra: Wall Street fears ‘flashbacks to 2008’ with forced selling in $9 trillion U.S. corporate bond market
After the most volatile week on Wall Street since the 2008 financial crisis as the coronavirus epidemic began to shut down swaths of the U.S. economy, the health of the U.S. stock and bond markets may now depend on how corporate debt fares in the coming months. The S&P 500 …
Read More »Market Snapshot: What can Fed do to heal a coronavirus-stricken stock market that has seen $4.3 trillion in value vanish over past 7 sessions?
A historic week for the stock market ended with a big, fat question: What will the government and the Federal Reserve do about the coronavirus outbreak that threatens to decimate the longest-running bull market on record? The infectious disease, COVID-19, which reportedly originated in Wuhan, China, late last year, reached …
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