Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about how the central bank might help small and medium-sized businesses, policymakers said on Tuesday.
Investors are eager to see if Wall Street can sustain a rally sparked by the Trump administration’s massive anti-coronavirus stimulus. …read more […]
The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday’s steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
The U.S. Federal Reserve moved again late on Tuesday to broaden the flow of credit in response to the coronavirus epidemic, saying it would offer short-term loans to the two dozen Wall Street primary dealers who are important conduits for the sale of a broad range of bonds and other financial assets.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand because of the coronavirus.
Do you remember the Trade of the Day from February 24?
It was titled “My Top Coronavirus Picks.”
My recommendation that day was simple. I recommended War Room members buy Clorox (NYSE: CLX).
Those who followed that advice wrote me this afternoon – telling me how much money they made.
As you’ll see, the profits are mind-blowing…
One member made out like a bandit with a 592% gain, while another member made a whopping 161%!
“My CLX $185 ca11 yesterday for $2.63 is up to $18.20 – continue cleaning, America!” – M.P.
“CLX April 17 $185 in yesterday at $8.40, out today $21.95.” – R.M.
My point of …read more […]
SoftBank Group Corp is backing away from part of its planned bailout of WeWork, due to regulatory investigations of the office sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Virgin Australia Holdings Ltd said on Wednesday it would suspend all international flying from March 30 to June 14 and cut its domestic capacity in half because of government travel restrictions and lower demand due to the coronavirus.
The S&P 500 rose 6% on Tuesday, recouping half of the previous session’s historic sell-off, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the coronavirus outbreak that has gripped the global economy.
A U.S. banking regulator proposed a set of standards Tuesday for how it would consider special charters to allow non-banks to accept deposits and engage in other limited banking activities.
Local California officials on Tuesday were evaluating if and how Tesla Inc will be allowed to continue operating its main U.S. vehicle factory as the San Francisco Bay Area begins a three-week lockdown to rein in the spread of coronavirus.
The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis.
Kansas City Federal Reserve President Esther George said on Tuesday that the regional Fed bank continues to carry on with its key functions, and is ready to extend credit when needed through the U.S. central bank’s emergency lending window.
Gold, the dollar and global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to help relieve credit markets under strain from the economic impact of the coronavirus epidemic.
Dividend investors are concerned with recent market volatility. But Chevron’s dividend history is long and it might now make a better addition to income portfolios. Investors have beat down Chevron’s stock. They’re worried that lower oil prices might lead to a dividend cut. So, let’s take a look at the business, dividend history and payout safety going forward.
Chevron Oil Business
Chevron is a $133 billion dollar business. The company is based out of California and it employs about 48,000 people. Last year Chevron pulled in $140 billion in sales and that works out to $2.9 million per employee.
The company is an …read more […]
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