U.S. may take targeted steps to stimulate economy amid coronavirus: Kudlow
The Trump administration may take targeted steps to stimulate the U.S. economy amid the coronavirus outbreak that is likely to temporarily drag down some sectors, White House economic adviser Larry Kudlow said on Friday.
Traders bet Fed will slash rates to zero by April
Futures traders are betting the Federal Reserve will slash U.S. interest rates to near zero by April, even as many doubted the central bank can do much to stop economic damage from the spread of the new coronavirus.
Bond yields slide to record lows, stocks succumb to virus fears
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
EU may waive state-subsidy rules to bolster virus-hit economy
European Union officials are considering temporarily suspending its rules on state subsidies and financial support to economic segments hit hardest by the coronavirus outbreak, an official said on Friday.
Chipotle founder Steve Ells leaves board, CEO Niccol to add chairman role
Chipotle Mexican Grill said on Friday founder Steve Ells has stepped down from the board, handing over the role of executive chairman to Chief Executive Officer Brian Niccol.
U.S. consumer finance regulator seeks to pay whistleblowers for tips
The head of the U.S. Consumer Financial Protection Bureau (CFPB) said on Friday that she is asking Congress to give the regulator power to pay whistleblowers for tips that help them track down wrongdoers.
Robust U.S. job growth reinforces economy’s strength as coronavirus rages
U.S. employers maintained a robust pace of hiring in February, giving the economy a boost heading into the coronavirus outbreak, which has stoked fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
Trump says U.S. Fed should cut rates, stimulate economy
President Donald Trump said on Friday the Federal Reserve should cut U.S. interest rates and stimulate the economy, three days after the central bank slashed interest rates by half a percentage point in an emergency bid to blunt the economic effects of…
EU eyes moves on state subsidy rules to support virus-hit economy
European Union officials are considering temporary suspensions of rules on state subsidies and EU loans to economic sectors hit hardest by the coronavirus outbreak, an official said on Friday.
Coronavirus infections rise above 100,000 worldwide as outbreak wreaks financial havoc
The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as the economic damage intensified, with business districts beginning to empty and stock markets tumbling.
