CLEVELAND – They are running out of cash. Snappy Gas Mart in Cleveland relies on getting change coins from local banks, but right now that’s not an option. “It had been about 10 days since we last got any currency from them, be it paper or change,” said Russ, manager …
Read More »Currency latest impact of COVID-19, ENC seeing impact
WASHINGTON, NC (WITN) – A currency shortage that the United States Federal Reserve warned in June that the country would face is being felt in the east. McDonald’s restaurant in Washington is a place where we saw signs to use the exact credit or the exchange and that “due to …
Read More »Here are the 10 companies that will most benefit from Federal Reserve debt purchases.
Brooks Kraft / Getty Images The Federal Reserve plans to buy debt from nearly 800 companies, however, the top 10 beneficiaries are slated to represent 15% of central bank purchases. The Secondary Market Corporate Credit Mechanism shifted from credit ETFs to the purchase of individual bonds in mid-June and aims …
Read More »Micron, Uber, Jerome Powell, Covid-19: 5 things you should know
Here are five things to know for Tuesday, June 30: 1. – Mixed stock futures when Powell warns of uncertainty The future of stocks was mixed on Tuesday on the last trading day of the second quarter, as Federal Reserve chairman Jerome Powell warned that a rebound in the U.S. …
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