The Federal Open Market Committee released minutes Wednesday of its March 15 meeting, during which it lowered its benchmark interest rate to near zero. The meeting summary indicated that not only did members believe it was important to use all their rate power now, but also that they intend to keep rates anchored at the bottom for the foreseeable future.
Peopleimages.com | Getty ImagesThe coronavirus pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of 2020, according to a forecast by the International Labor Organization.
The Great White Way will stay dark for two more months. On Wednesday, the Broadway League announced Broadway shows will extend their current suspension of all performances through at least June 7 amid the coronavirus crisis.
Now, here we are in 2020, and Sun, Yong and a phalanx of health reporters in newsrooms across the globe are covering the still-unfolding coronavirus pandemic. Even entertainment and sports reporters, whose coverage areas have all but disappeared, are on the story.
The 2020 presidential general election has begun. Joe Biden, who was Barack Obama’s vice president, will face off against President Donald Trump in November’s contest. The race between the two men in their 70s has long been expected but is now virtually guaranteed after Sen. Bernie Sanders exited from the Democratic primary contest, announcing Wednesday that he had suspended his campaign.
New York Governor Andrew Cuomo (D) speaks at a press Conference at the State Capitol.Michael Brochstein | Barcroft Media | Getty Imagesa
In August 2016, Instagram rolled out the silver bullet in its growing war against Snapchat. The Facebook-owned app rolled out Stories, a clone of a feature by the same name first introduced by Snap in 2013 that allowed users to share photos and videos that disappear after 24 hours.
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020.
The legendary country folk songwriter died after being hospitalized for the coronavirus nearly two weeks.
The Warren Buffett meme with versions of the legendary investor’s advice to be fearful when others are greedy, and to be greedy when others are fearful, has been making the rounds on social media as the markets have rocked and rolled over the last few weeks.