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Sunday, March 29, 2020

U.S. stimulus package is biggest ever, but may not be big enough

The Federal Reserve has offered more than $3 trillion in loans and asset purchases in recent weeks to stop the U.S. financial system from seizing up, but it has not yet directly helped large swaths of the real economy: companies, municipalities and other borrowers with less than perfect credit.


from Reuters: Business News https://ift.tt/2UPvqLS

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'It's going to get worse': American car buyers brace for sweeping auto tariffs

"The prices in the wholesale market have skyrocketed already and it's going to get worse," one car seller told the BBC. from...