Breaking News: Markets
Fed Will Keep Rates Near Zero Until Economy Has 'weathered' Coronavirus Impact, Minutes Show
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Not only did members believe it was important to use all their rate power now, but also that they intend to keep rates a... Read more
US Payrolls Plunge 701,000 In March Amid The Start Of A Job Market Collapse
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It was the first decline in payrolls since September 2010 and came close to the May 2009 financial crisis peak of 800,00... Read more
US Services Sector Growth Slows Down In March, ISM Says
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Activity in the U.S. services sector slowed down in March as business grapple with the coronavirus outbreak, data releas... Read more
US Weekly Jobless Claims Double To 6.6 Million
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First-time claims for unemployment insurance had been expected to total 3.1 million, according to economists surveyed by... Read more
Treasury Secretary Mnuchin Says He's Having Ongoing Discussions About Infrastructure
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The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill. Read more
March's ISM Manufacturing Index Is 49.1, Signaling Contraction As Coronavirus Hits Economy
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U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data rele... Read more
US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says
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The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more
IMF Chief Georgieva Says The World Is In A Recession, Containment Will Dictate Strength Of Recovery
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International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks ... Read more
US Consumer Sentiment Falls To Lowest Level In More Than 3 Years
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U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to d... Read more
Jerome Powell's Message To Americans: 'The Federal Reserve Is Working Hard To Support You'
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Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited... Read more
House Unlikely To Vote On Historic $2 Trillion Coronavirus Stimulus Bill Wednesday
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Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has... Read more
Bernanke Says Fed Chief Powell 'got Ahead Of This,' And 'going Big' Was Right Thing To Do
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Bernanke told CNBC the Federal Reserve acted with appropriate force. Read more
Former Fed Chairman Ben Bernanke Sees 'very Sharp' Recession, Followed By 'fairly Quick' Rebound
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Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, Read more
Fed's James Bullard Says After A Short-term 'unparalleled' Shock, Economy Will Boom Again
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The central bank official was in the news earlier this week when he forecast that the unemployment rate will skyrocket t... Read more
Bank Of America Says The Recession Is Already Here: 'Jobs Will Be Lost, Wealth Will Be Destroyed'
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Bank of America issued a dire warning to investors on Thursday: The recession is here. Read more
Investor Ray Dalio Estimates The Corporate Losses In The US From Coronavirus Will Top $4 Trillion
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The Bridgewater Associates founder also estimated the global corporate losses will hit $12 trillion due to the pandemic. Read more
Federal Reserve To Shore Up Prime Money Market Funds Amid Wall Street Rout
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The new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money m... Read more
'Hell Is Coming' — Bill Ackman Has Dire Warning For Trump, CEOs If Drastic Measures Aren't Taken Now
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"America will end as we know it. I'm sorry to say so, unless we take this option," Ackman said. Read more
Banks Nearly Took Down The Economy In 2008. Now The Industry Hopes To Redeem Itself
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"They want to be part of the solution this time," said one analyst. Read more
Morgan Stanley Says A Global Recession In 2020 Is Now The Firm's 'base Case'
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Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy... Read more