Powell Says Fed to Use ‘Full Range Of Tools’ to Support Economy

Forex15 hours ago (May 18, 2020 04:18PM ET) (C) Bloomberg. Jerome Powell Photographer: Al Drago/Bloomberg (Bloomberg) — Federal Reserve Chairman Jerome Powell said the central bank is prepared to use its full range of tools and leave the benchmark lending…

Argentine bonds close higher, country risk dips as officials weigh restructuring counteroffers

Economy15 hours ago (May 18, 2020 04:15PM ET) (C) Reuters. FILE PHOTO: Argentine one hundred peso bills are displayed in this picture illustration By Cassandra Garrison and Eliana Raszewski BUENOS AIRES (Reuters) – Argentine bonds closed higher on Monday as…

Fed’s Powell: CARES Act ‘critical’ to support for economy

Economy15 hours ago (May 18, 2020 04:20PM ET) (C) Reuters. FILE PHOTO: Jerome Powell testifies before the House Financial Services Committee in Washington WASHINGTON (Reuters) – Passage of the CARES Act in late March was “critical” to the Federal Reserve’s…

Trump says should be possible to allow PPP borrowers more time to use loans

Economy15 hours ago (May 18, 2020 04:25PM ET) (C) Reuters. U.S. President Donald Trump arrives from Camp David to the White House in Washington WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday extending the amount of time borrowers…

Fan-free sports and curbside retail as California loosens coronavirus rules

Economy14 hours ago (May 18, 2020 04:35PM ET) (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in San Francisco, California By Sharon Bernstein SACRAMENTO, Calif. (Reuters) – Businesses in the San Francisco Bay Area may open for curbside…

Italy’s Huge Debt Load Is at Risk of Becoming Unmanageable

Stock Markets13 hours ago (May 18, 2020 05:27AM ET) (C) Reuters. Italy’s Huge Debt Load Is at Risk of Becoming Unmanageable (Bloomberg) — Italy’s debts run the risk of becoming unmanageable, and a creeping rise in borrowing costs shows investors…

Thai central bank seen cutting key rate to help economy in recession

Economy12 hours ago (May 18, 2020 05:40AM ET) (C) Reuters. FILE PHOTO: The Bank of Thailand logo is seen in Bangkok By Orathai Sriring BANGKOK (Reuters) – Thailand’s central bank is widely expected to cut its benchmark interest rate to…

U.S. mulls paying companies, tax breaks to pull supply chains from China

(C) Reuters. FILE PHOTO: U.S. President Donald Trump tours face mask production facility in Phoenix, Arizona By Andrea Shalal, Alexandra Alper and Patricia Zengerle WASHINGTON (Reuters) – U.S. lawmakers and officials are crafting proposals to push American companies to move…

Germany faces bleak economic outlook, Bundesbank says

Economy12 hours ago (May 18, 2020 06:20AM ET) (C) Reuters. FILE PHOTO: The seat of the BDA, BDI and DIHK is pictured in Berlin FRANKFURT (Reuters) – Germany’s economy will suffer a severe contraction in the second quarter, despite an…

QE or not QE? China’s central bank grapples with policy dilemma

(C) Reuters. FILE PHOTO: Man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China By Kevin Yao BEIJING (Reuters) – China’s plans to step up stimulus support for the virus-ravaged…

Disclaimer: TheSmartMoneyReport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.