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In next downturn, Fed may opt for quick, strong action
By Howard Schneider and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – In the next economic downturn, the Federal Reserve and other central banks may need to roll out their big guns sooner and use them more aggressively, or risk getting mired in growth-sapping deflation or worse. That was the argument laid out Friday by a […]
Canada reports 5 new coronavirus deaths as cases surpass 180,000
Canada reported 1,685 new cases of the novel coronavirus on Sunday, as well as five new deaths. The new data brings the country’s total number of COVID-19 infections to 181,678, and its death toll from the virus to 9,613, though Alberta, B.C. and all the territories except for the Yukon did not release updates on […]
Cash is king as U.S. quarterly reporting season gains steam
By Noel Randewich (Reuters) – As the U.S. quarterly earnings season picks up steam next week, investors will get an early glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets. Reports from major corporations including International Business Machines <IBM.N>, Coca-Cola <KO.N> and Union Pacific <UNP.N> will reflect the […]