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9:00 p.m. Sept. 21, 2020 - By Associated Press
Asian equity markets track Wall Street’s retreat as investors fret over coronavirus pandemic’s continuing economic tollShares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain.
5:36 a.m. July 28, 2020 - By Greg Robb
Fed extends several emergency lending programs to end of year from Sept. 30The Federal Reserve on Tuesday said its board of governors had decided to extend several emergency loan programs until the end of the year. The programs had been set to expire on Sept. 30. "The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic," the Fed said in a statement. Set up to keep credit flowing in the aftermath of the market disruption in March, many of the Fed programs haven't seen a lot of interest in recent weeks. Fed officials argued that this was a healthy sign that credit was available from other sources and that it was important that the lending programs were in place in case that financial conditions deteriorated again.
4:47 a.m. July 25, 2020 - By Clare Trapasso
‘It’s a tax on being Black in this country’ — 5 ways racism is embedded in the housing industry Black Americans still trail behind other races when it comes to owning a home. When they do purchase homes, they are more likely to be offered more expensive mortgages.Black Americans still trail behind other races when it comes to owning a home. When they do purchase homes, they are more likely to be offered more expensive mortgages.
9:50 a.m. July 11, 2020 - By Cody Willard
Get ready for the stock market bubble to burst The asset bubble, backed by the Federal Reserve, sets up a scenario similar to the market top in 2007 The asset bubble, backed by the Federal Reserve, sets up a scenario similar to the market top in 2007.
12:28 p.m. July 10, 2020 - By Greg Robb
Stalled nomination of Judy Shelton for Fed gets new life as Senate Banking committee sets voteThe stalled nomination of Judy Shelton, President Donald Trump's controversial pick for the Federal Reserve, got a potential boost Friday when the Senate Banking Committee announced a July 21 vote on her nomination. Shelton's bid has languished since her confirmation hearing in February amid talk she didn't have enough committee support. Shelton, who was an informal Trump adviser during his presidential campaign, has been a long-time advocate for some form of tying the dollar's value to gold. She faces unanimous opposition from Democrats and some Republicans were on the fence. The committee will also vote on a second Trump Fed nominee, Christopher Waller, the director of research at the St. Louis Fed. Waller is expected to be confirmed easily.
12:28 p.m. July 10, 2020 - By Greg Robb
Stalled nomination of Judy Shelton for Fed gets new life as Senate Banking committee sets voteThe stalled nomination of Judy Shelton, President Donald Trump's controversial pick for the Federal Reserve, got a potential boost Friday when the Senate Banking Committee announced a July 21 vote on her nomination. Shelton's bid has languished since her confirmation hearing in February amid talk she didn't have enough committee support. Shelton, who was an informal Trump adviser during his presidential campaign, has been a long-time advocate for some form of tying the dollar's value to gold. She faces unanimous opposition from Democrats and some Republicans were on the fence. The committee will also vote on a second Trump Fed nominee, Christopher Waller, the director of research at the St. Louis Fed. Waller is expected to be confirmed easily.
1:19 p.m. June 16, 2020 - By Clare Trapasso
Racist house deeds were ‘the most powerful tools to segregate American cities and determine who could own properties’ The way these deeds were written, blacks and Asians were barred from ever purchasing, renting, or otherwise living in houses in many parts of the U.S.The way these deeds were written, blacks and Asians were barred from ever purchasing, renting, or otherwise living in houses in many parts of the U.S.
5:58 a.m. May 15, 2020 - By Greg Robb
U.S. industrial output collapses in April Output falls record 11.2% led by record decline in manufacturingIndustrial output fell a record 11.2% in April, as the COVID-19 pandemic led many factories to suspend operations, the Federal Reserve said Friday.
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