Health and Human Services Secretary Alex Azar appears Monday to blame the surge in coronavirus cases in several US states on the lack of “personal responsibility” during an appearance on CBS. Speaking to “CBS This Morning,” Azar, responding to a question about whether some US states reopened too quickly, said …
Read More »Bucket seats and packed planes will return to US airlines
American airlines (AAL), the world’s largest airline, revealed on Friday that “customers may notice that flights are booked at capacity beginning July 1.” This change occurs even as the number of Covid-19 cases increases in many states. United (UAL) has been willing to sell as many seats as possible during …
Read More »Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus
Federal Reserve Chairman Jerome Powell holds a press conference after the two-day meeting of the Federal Reserve Open Market Committee in Washington on July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain about the outlook for the economy, particularly in light of continued …
Read More »The Fed is buying some of the biggest companies’ bonds, raising questions as to why
A woman passes by the United States Federal Reserve Building in Washington DC on May 21, 2020. Ting Shen | Xinhua News Agency | fake pictures As the Federal Reserve deepens its purchases of corporate debt, it faces more questions about the consequences of its unprecedented market interventions. Disclosures released …
Read More »5 things you need to know before the stock market opens on June 29, 2020
1. Dow will recover after 730 point drop on Friday Dow futures pointed to a gain of more than 200 points in Monday’s opening, a rebound after the Dow Jones Industrial Average fell 730 points, or 2.8%, on Friday, knocking down the blue chips 3.3% last week . After initial …
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