Stocks fell sharply Monday — with the Dow suffering its worst day since the ‘Black Monday’ market crash in 1987 and its third-worst day ever — even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.
The White House Monday issued new COVID-19 guidelines for Americans to follow over a crucial 15-days period, as President Donald Trump said that ongoing efforts to stop the spread of the novel coronavirus could continue on until the middle of summer or even longer.
The Federal Reserve, saying ‘the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,’ cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
The U.S. House early Saturday passed bipartisan legislation in response to the coronavirus pandemic.
U.S. President Donald Trump has declared a national emergency, clearing the way for more federal aid to stream to states and cities to combat the coronavirus pandemic.
The U.S. central banking system announced moves Thursday to stabilize the global financial system by putting $1.5 trillion into short-term lending markets, and the purchase of $60 billion in Treasury bonds to fuel the bond market.
Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve both failed to quell concerns over the economic slowdown stemming from the coronavirus, leading to a historic drop for the U.S. markets.
The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first five months of fiscal 2020 (October through February), according to data released today in the Monthly Treasury Statement.
President Donald Trump said Wednesday he is suspending all travel between the U.S. and Europe for 30 days beginning Friday as he seeks to combat a viral pandemic.
Nonfarm payrolls increased by 273,000 in February, surpassing economists’ 175,000 estimate. Unemployment also slightly dropped to 3.5 percent, matching its lowest level in more than 50 years, according to the latest report by the U.S. Department of Labor.
U.S. stocks rallied at opening Tuesday, recouping some of Monday’s losses after President Trump floated a payroll tax holiday to stimulate economic growth against the coronavirus.
Serious measures against the spread of the coronavirus are being applied in multiple states, after falling stocks Monday caused all trading on Wall Street to temporarily cease and the US confirmed 550 cases across 20 states.
The Dow Jones Industrial Average sank more than 2,000 points on Monday, its worst day since 2008, as fears about the spread of the new coronavirus and an oil price war sent investors scrambling out of stocks.
Forty-five thousand more people were employed in February than in January, bringing the total number employed — 158,759,000– to the second highest level in the nation’s history.
The U.S. Senate voted near unanimously Thursday to approve $8.3 billion in new spending on the U.S. government’s efforts to contain the spread of the novel coronavirus.
Chief Justice John Roberts publicly condemned a top Democrat for threatening comments aimed at two justices as the Supreme Court considers a case on abortion.
The House passed an $8.3 billion measure to fund the federal government’s response to the coronavirus outbreak, which has claimed 11 lives and infected more than 100 people in the United States.
A resurgent Joe Biden was projected to win seven large states on Tuesday, and front-runner Bernie Sanders captured two states with several others too close to call on the biggest day of voting in the 2020 Democratic presidential nominating race.
The Federal Reserve, in a rare emergency step, cut short-term rates by half a percentage point on March 3 to protect the U.S. economy from the growing fallout of the global coronavirus outbreak.
On Wednesday, the nation’s highest court takes up its first major abortion case since the confirmation of two new justices. Pro-life activists hope this will give the court a pro-life majority for the first time in decades and this case might have an impact on the future of abortion in America.