Fed cuts interest rates to near zero, coordinates with other central banks to combat coronavirus
The U.S. Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in another emergency move to help shore up the U.S. economy amid the rapidly escalating global coronavirus pandemic.
New York Fed full statement: Treasuries, mortgage-backed securities
The Federal Reserve announced a series of coordinated monetary policy moves aimed at offsetting the economic impact of the coronavirus on Sunday night.
Federal Reserve statement – lowering federal funds rate to 0 to .25%
The Federal Reserve issued coordinated actions to combat the economic impacts of the coronavirus Sunday night, including cutting its key lending rate to zero.
Goldman downgrades U.S. growth forecast for first and second quarter due to coronavirus
Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak.
Volkswagen says preparing to suspend production at Bratislava plant
Volkswagen is preparing to suspend operations at its manufacturing plant in Bratislava, the company said on Sunday, after Slovakia declared a state of emergency due to the coronavirus outbreak.
Germany tries to halt U.S. interest in firm working on coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Delta suspends some London, Dublin flights after new U.S. travel restrictions
Delta Air Lines Inc said Sunday it will halt service to London from Detroit and Dublin flights from New York after the White House announced it was imposing new travel restrictions on United Kingdom and Ireland.
Gasoline becomes more affordable, just when Americans don’t need it
At two gasoline stations in Scarsdale, a wealthy suburb of New York City not far from one of the nation’s worst outbreaks of coronavirus, attendants whiled away the minutes on a rainy Friday morning at what would normally be their busiest time of day.
LVMH to make disinfectant gels to aid French coronavirus fight
Louis Vuitton owner LVMH said on Sunday that its cosmetics unit would manufacture large quantities of hand disinfectant gel to help stave off a nationwide shortage across France as the coronavirus rapidly spreads.
Germany tries to stop U.S. poaching German firm seeking coronavirus vaccine
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
