The bank’s analysts identified companies with strong fundamentals that are attractive because of ‘indiscriminate selling.’ See full story.
Fed, saying aggressive action is needed, starts unlimited QE
The Federal Reserve on Monday announced it would buy bonds ‘as needed’ to support market functioning and set out $300 billion in new lending programs to help all corners of the financial market. See full story.
Unemployment could reach 30% in the U.S., says St. Louis Fed’s Bullard
If Bullard’s gloomy jobs projection proves to be true, unemployment would be worse than it was during the Great Depression and three times worse than the 2007-2009 recession. See full story.
Trump activates National Guard in California, New York, Washington after coronavirus response slammed
President Donald Trump said Sunday he’s activated the National Guard to help respond to the coronavirus outbreak in California, New York and Washington. See full story.
U.S. mortgage bond market in turmoil, waiting on Fed relief to sink in
Investors say it’s felt a lot like 2008 in the biggest part of America’s $11 trillion home finance market, only without the insolvencies. See full story.
Creative personal hygiene solutions are apparently one side-effect of the social distancing and work-from-home contingencies deemed necessary to slow the deadly COVID-19 pandemic. But there’s a cost to this behavior: potentially expensive stress on home plumbing and public sewer systems. See full story.