Finance

Federal Reserve officials and their global counterparts are staring down an economic threat unlike any they have ever faced, as markets look to them to contain the fallout from a rapidly spreading virus with limited ammunition and tools ill-suited to deal with broken supply chains and quarantined consumers. No playbook exists for dealing with the […]

Federal Reserve Chairman Jerome Powell pledged that the Fed will “use our tools” to support the economy, a strong signal of a likely rate cut, perhaps at its next meeting March 17-18 By CHRISTOPHER RUGABER AP Economics Writer February 28, 2020, 8:41 PM 3 min read WASHINGTON — Federal Reserve Chairman Jerome Powell pledged Friday

American Airlines plans to spend $550 million over the next seven years to spruce up its maintenance base in Tulsa, Oklahoma February 28, 2020, 9:07 PM 2 min read TULSA, Okla. — American Airlines said Friday it will invest $550 million in a seven-year overhaul of its largest maintenance base, including a new hangar to

From the perspective of teens, TikTok is a major new outlet for self-expression, one proudly home to the silly, the loud and the weird. To others, the Chinese-owned online video service is an unnerving black box that could be sharing information with the Chinese government, facilitating espionage, or just promoting videos and songs some parents

Investors might be on edge after the stock market surrendered five months worth of gains in an alarmingly short amount of time By SARAH SKIDMORE SELL AP Personal Finance Writer February 29, 2020, 12:31 PM 4 min read To state the obvious, the stock market is a little scary these days. A viral outbreak has

“I believe we’re going to have massive shortage of goods,” she said. “Two weeks ago I told people this was coming. The big problem was economists don’t understand how global supply chains work, how intertwined and interconnected they are.” It is an issue she said would particularly affect pharmaceuticals and electronics. Macroeconomic policies can’t really

Stocks that moved heavily or traded substantially on Friday: Beyond Meat, Dell fall; 3M, Forty Seven rise February 28, 2020, 9:21 PM 1 min read NEW YORK — Stocks that moved heavily or traded substantially on Friday: VMware Inc., down $15.11 to $120.52. The cloud computing company’s fourth-quarter profit fell short of Wall Street forecasts.

LOS ANGELES — Joe Coulombe envisioned a new generation of young grocery shoppers emerging in the 1960s, one that wanted healthy, tasty, high-quality food they couldn’t find in most supermarkets and couldn’t afford to buy in the few high-end gourmet outlets. So he found a new way to bring everything from a then-exotic snack food

WASHINGTON — As global markets plunged amid growing fears about the coronavirus outbreak, President Donald Trump and his allies pulled from a familiar playbook Friday and blamed others for the slide. It’s a challenging sell for a president who has lashed his fate to Wall Street like no other. The president’s team responded to the

The Federal Reserve chair, Jerome H. Powell, in an attempt to soothe jittery investors, issued a short statement Friday afternoon reaffirming that the central bank would use its tools and “act as appropriate to support the economy.” While Mr. Powell said that the “fundamentals of the U.S. economy remain strong,” he also noted that “the