#Fed #lending #MainStreet #aid #relief #money A bipartisan Congressional panel overseeing the implementation of some coronavirus aid/relief programs urged the Fed and US Treasury to take more risk with taxpayer dollars and increase outreach efforts to deliver more aid/relief to small and medium-sized businesses struggling because of the C-19 chaos. The panel’s recommendations Keyed around […]
The Fed is mulling new program for nonprofits. The Fed Thursday said it was making some adjustments to its planned $600-B “Main Street” lending program based on public comments and said it is mulling a separate approach to meet the” unique needs” of non-profit organizations. In a statement, the Fed said 1 adjustment would allow firms […]
Wednesday afternoon, Federal Chairman Powell said the coronavirus has brought the economy to an “abrupt halt” and it was uncertain how long the slowdown would last, as officials held interest rates near Zero, and pledged to keep them there until the nation was back on track. “Economic activity will likely drop at an unprecedented rate […]
$DIA $SPY $QQQ $RUTX $VXX The US stock market will be closed Friday for Good Friday. Thursday, Wall Street closed out its best week in 45 yrs on after the Trump Fed launched its ‘Big Bang’ effort to support the economy through the coronavirus crisis. The S&P 500 index posted it best weekly gainer since […]
The Fed and the Treasury to buy debt issued by banks that lend through a $349-B government program designed to help small businesses impacted by the coronavirus. The Small Business Administration (SBA) Friday processed more than 28,000 loans through 1,200 local lenders worth $5.4-B. Now, those lenders that originated the loans will see the government […]
“We were strong before we went into the health crisis, we will be strong when we come out of it,” said Dallas Fed President Robert Kaplan 2 Fed regional bank Presidents expressed confidence the US economy can rebound strongly after coronavirus restrictions on consumers and businesses are lifted. “This is a public health crisis” and […]
China’s exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world’s 2nd-largest economy and underlining a pressing need for more stimulus as US-China trade tension escalates. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper […]
$GS, $CME Goldman Sachs (NYSE:GS) economists said they are skeptical of “insurance” US interest rate decreases from the Fed to forestall possible slowing in US economic growth due to global trade tensions. A surprise escalation in trade tensions between Washington and Beijing since May, together with low inflation, have spurred bets among traders the Fed […]
China met its target for reducing debt levels but will keep cracking down on riskier types of financing to contain risks to its financial system, the banking and insurance regulator said Monday, urging banks to step up lending to smaller companies. Concern about China’s debt is rising again as Beijing ramps up support for a […]
Vast Majority of Small Business Loan’s are Rejected by Banks No one likes to be rejected. Whether it’s a “No” from a job you interviewed for, the person you’re in love with or the bank, it hurts. And if you’re a startup or small business owner, you may be very familiar with the sting of “no” from […]
