markets
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Economy
The global economy just got a $1 trillion infusion from Japan
Hong Kong (CNN Business)Japan is committing nearly $1 trillionto try to protect its economy from the fallout from the coronavirus…
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MARKETS & ECONOMY
Canada’s big banks field half a million mortgage deferral requests
(Reuters) – Canada’s biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as…
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MARKETS & ECONOMY
The $2 trillion stimulus will slam the mortgage industry — unless the Fed comes to the rescue
New York (CNN Business)The federal government is determined to prevent the coronavirus pandemic from setting off another mortgage meltdown. The…
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MARKETS & ECONOMY
Japan service sector activity slumps most in a decade as virus impact spreads
TOKYO (Reuters) – Japan’s services sector contracted at the fastest pace since the global financial crisis in March as a…
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MARKETS & ECONOMY
Millions of Europeans are losing their jobs. The EU wants to raise €100 billion to help
London (CNN Business)The European Union is preparing fresh action to support workers as layoffs within the bloc skyrocket.The European Commission…
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MARKETS & ECONOMY
Trump threatens tariffs on oil imports to ‘protect’ U.S. energy workers
WASHINGTON (Reuters) – U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has…
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MARKETS & ECONOMY
With over a million coronavirus cases, economic freefall looms
BEIJING/NEW YORK (Reuters) – Global cases of the new coronavirus have shot past 1 million with more than 53,000 fatalities,…
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MARKETS & ECONOMY
Fed steps in once again to try to smooth out lending markets
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world’s lending markets, this…
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MARKETS & ECONOMY
The Wild Hunt for 100-Ounce Gold Bars
(Bloomberg) — There are few corners of the global financial market that have been upended as spectacularly, or as oddly,…
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MARKETS & ECONOMY
Ford And GM Do Not Care Much About Electric Vehicle Production
The promise that electric vehicles (EVs) hold in the automobile market hinges on two major factors – that they will…
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