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Tag: economic recovery

‘A buying spree of epic proportions’: How the Federal Reserve bucked precedent and forever changed its role in the US economy

Eric Baradat/AFP/Getty Images The Federal Reserve's rapid balance sheet expansion and move into corporate bond purchases has seen the central bank trade its independence...

Some of the top minds on Wall Street have predicted when states will reopen, when the economy will recover, and which businesses may never...

Top analysts from Deutsche Bank, Morgan Stanley, Jefferies, and Bank of America used global and national data to predict how the US economy...

Conservative groups advising White House push fast reopening, not testing

WASHINGTON (Reuters) - Conservative groups advising the White House have issued an array of coronavirus economic reopening plans with a common theme -...

The International Energy Agency Reports on COVID-19’s Fuel Impact

The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this...

Funds suggest cutting stocks, expect U-shaped global economic recovery: Reuters poll

BENGALURU (Reuters) - Global funds recommended an increase in bond holdings to the highest level in seven years, at the expense of stocks,...

Finkenauer Introduces Bill to Expand Biofuels Market

Congresswoman Abby Finkenauer (IA-01) has introduced the Clean Fuels Deployment Act of 2020. The bipartisan legislation, co-sponsored by Representatives Angie Craig (D-MN), Don...

‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests

WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting...

Economy Shrinks 4.8% in Q1 as Result of Coronavirus

The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the...

Another day, another 20% plunge in WTI oil

LONDON (Reuters) - Another big fall in oil prices dragged hordes of petrocurrencies under on Tuesday but even an HSBC warning of mounting...

Swiss banking giant UBS reports a 40% increase in profits, and lauds its own strength in ‘turbulent times’

Reuters Swiss banking giant UBS reported a strong first-quarter with net profits rising 40% compared to the same period last year, driven by high...

U.S. stocks advance as some states reopen for business

NEW YORK (Reuters) - Wall Street gained more than 1% on Monday at the onset of a hectic earnings week, as investors turned...

White House schedules, cancels, then reschedules press briefing

The panel wasn't expected to meet on Monday, though some of its members were planning to join a midday phone call scheduled for...

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