Month: April 2020

The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
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Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
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Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
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A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending.  Even before the state shutdowns took
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TOPLINE Despite the coronavirus pandemic causing unprecedented financial disruptions and a major shift in the lives of American consumers, a slowdown in new cases has made Wall Street more optimistic about eventually reopening the economy— and here are 19 stocks poised to thrive in the post-coronavirus world once widespread quarantine orders are lifted, according to
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Cook County, Illinois, is bracing for a $200 million tax blow due to the economic shutdown brought about by COVID-19, the county’s finance team said Friday. That doesn’t account for an additional $60 million to $75 million whack to health system revenues, though some of that is expected to be reimbursed with hospital-related federal relief.
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