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Thursday, August 13, 2020

CHRISTOPHER RUGABER AP Economics Writer

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Federal Reserve to boost small business lending efforts

WASHINGTON (AP) — The Federal Reserve said Monday it will support the government's $349 billion small business lending program, which had a rocky start...

U.S. businesses cut 27,000 jobs in March, before virus hit

WASHINGTON (AP) — U.S. companies shed 27,000 jobs in March, according to a private survey, a figure that mostly reflected the economy as it...

3.3 million seek US jobless aid, nearly 5 times earlier high

WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 —...

Fed chair Powell says will provide nearly unlimited lending

WASHINGTON (AP) — Jerome Powell says the Federal Reserve would provide essentially unlimited lending to support the economy as long as it is damaged...

Fed to buy unlimited government debt and lend to businesses

WASHINGTON (AP) — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much...

US home sales jumped to 13-year high before viral outbreak

WASHINGTON (AP) — U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed...

Layoffs spike in US, Europe as virus shuts businesses

WASHINGTON (AP) — Just a couple of weeks ago, Erika Vega hoped her temp job at a cafeteria would soon become permanent. But instead,...

Federal Reserve launches 3rd emergency lending program

Washington (AP) — The Federal Reserve announced late Wednesday that it will establish an emergency lending facility to help unclog a short-term credit market...

Fed to try to ease flow of credit with new lending facility

WASHINGTON (AP) — In its latest emergency action, the Federal Reserve is establishing a lending facility to try to ease the flow of short-term...

Fed takes emergency steps to slash rates and ease bank rules

WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark...

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