One of the most entertaining things on Wall Street is the New York Stock Exchange. The dramatic looks when the market crashes and the ebullient camaraderie when the market soars. Well, all of that is about to hit the pause button amid the Wuhan coronavirus. The New York Stock Exchange announced that it is temporarily […]
Archives for March 2020
Federal Reserve sets up dollar swap lines with nine central banks for six months
The Federal Reserve is taking more action to fight the global financial crisis. The U.S. central bank announced on Thursday morning that it had erected a temporary U.S. dollar swap lines with nine other central banks to diminish the liquidity strains in global greenback funding markets. The Eccles Building already possesses swap lines with the […]
Out of toilet paper? Blame government’s anti-gouging laws
By: Sandra Klein My family spent our spring break enjoying the coast of Mexico and returned home to a world we barely recognized. Many stores were closed early because their shelves were bare. Shoppers feared the effects of a pandemic and being stuck at home without necessities, so they rushed out and bought up every […]
STUDY: Coronavirus can survive in the air for hours, days on surfaces
And this is why the global financial markets will not rest until there is a vaccine for the Wuhan coronavirus or the cases come down. According to a new study, Covid-19 can survive on surfaces for up to several days, which dispels initial reports that it cannot live on surfaces. Here is what CNBC is […]
Stocks crash again as U.S., Canada temporarily shut down the border
The Wuhan coronavirus strikes again in the middle of the trading week as the U.S. stock market is witnessing an ocean of red ink. To stop the spread of Covid-19, the U.S. and Canada announced that they are temporarily shutting down the border. Trade will not be affected, but it is a huge development in […]