Here are 5 numbers explaining why this week may be a tipping point for the economy: by theothersarahh
President Trump said he will bulk up low-interest loans for businesses who have taken a hit thanks to the coronavirus through the Small Business Administration. An additional $50 billion in loans were said to be effective immediately, but no further details have emerged about the plan. The stock market continued to rise and fall rapidly as investor anxiety worsened in the absence of concrete information.
Another $50 billion in funds was announced Friday afternoon when Trump declared a national emergency. This money would be available for states addressing the growing health crisis.its overnight funding operations—buying “repos,” or repurchase agreements—by $1.5 trillion over two days this week. The move is designed to preserve liquidity in the market; in other words, the Fed wants to prevent “freezes” and make sure buyers and sellers still have the ability to do business.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unusual uplift at Yellowstone volcano was caused by magma rising up deep beneath the surface, study findsResearchers say the intrusion may explain the increased number of explosions at the Steamboat Geyser.
Read more »
Grace VanderWaal Knows the Importance of Teens Playing Teens Onscreen'A lot of kids look at these 20-year-olds who are supposed to be 16 and then wonder why they don't look like that. And it's because you're not 20.' –GraceVanderWaal
Read more »
What Is a Restaurant Critic’s Job in the Time of Social Distancing?'In these rapidly changing times, it’s difficult to know whether a rave review, aside from being ridiculously beside the point, will end up doing more harm than good.' plattypants writes
Read more »
The Enduring Power — and Importance — of Trunk ShowsBeyond the quantifiable, the value of trunk shows lies in 'the face-to-face interaction with clients.'
Read more »