Fed says it will offer an additional $500 billion in overnight repo funding markets
A day after a dramatic move in interest rates, the Federal Reserve on Monday increased the amount of liquidity it’s offering in short-term lending to the financial industry.
The post Fed says it will offer an additional $500 billion in overnight repo f…
Trump administration to start $175M, 30-foot-tall border wall project in high traffic Texas region
The Trump administration awarded a $175 million contract to a construction company to build 15 miles of border wall in an area of southeastern Texas where no barrier exists, according to the federal agency overseeing wall projects.
The post Trump admin…
Stock market soars nearly 2,000 points, U.S. equities more than 9 percent after emergency declaration
At the close of business Friday, the Dow Jones Industrial Average was up 1,985 points to 23,186, nearly recouping Thursday’s more than 2,300-point loss. The S&P 500 gained 228 to 2,709 and the Nasdaq Composite was up by 672 points to 7,874.
The po…
Mexico considering restrictions on US border amid coronavirus fears
Mexico could consider measures at its northern border to slow the spread of the coronavirus into its relatively unaffected territory, health officials said on Friday, with an eye to containing a US outbreak that has infected more than 2,000 people.
The…
Trump Threatens to Veto House-passed Foreign Intelligence Surveillance Reforms
The U.S. House of Representatives voted this week to change the way the FBI and National Security Agency use the Foreign Intelligence Surveillance Act to conduct electronic surveillance of foreign nationals and agents in the United States. But Presiden…
The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump’s 2016 election victory
Thursday’s massive sell-off has erased any remaining stock market gains made since President Trump’s 2016 election win.
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