Powell urges Congress to provide more fiscal relief now
Federal Reserve Chair Jerome Powell tells Congress during a Peterson Institute interview that the COVID-19 shock requires aggressive policy action. He notes Fed lending and a $6.6 trillion balance sheet while warning loans alone cannot prevent recession and urges timely fiscal support despite debt concerns.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Jerome Powell
Congress
Peterson Institute For International Economics
Powell
Fed
House
Senate
John Thune
S.D
Uber to require masks for drivers and riders May 18
Uber will require all drivers and riders worldwide to wear masks for the foreseeable future. Drivers must photos with masks, confirm no COVID symptoms, sanitize cars, and drive with windows down. Riders must wash hands and ride in back with open windows. Uber allocates 50 million for masks and sanitizers.
MENTIONED IN THIS ARTICLE
Uber
Dara Khosrowshahi
Khosrowshahi
Stocks slide as recovery bets fade and fears rise
Wall Street extended losses as the S&P 500 fell 1.7 percent and major indices dropped with the Dow down about 516 points. Powell warned of a prolonged recession and more aid while Fauci cautioned against reopening too soon, dampening investor optimism.
MENTIONED IN THIS ARTICLE
Wall Street
S&p 500
Treasury
Federal Reserve
Jerome Powell
Powell
U.S
Anthony Fauci
Liz Ann Sanders
Charles Schwab
Hazard pay for grocery workers ends as pandemic eases
Los Angeles reporting notes grocery stores and coffee chains began hazard pay during surges, including Target Walmart CVS Whole Foods Costco Sprouts Kroger and Starbucks. Now raises like $3 an hour at Starbucks and $2 hourly boosts at Target Kroger Ralphs QFC and Fred Meyer are ending, sparking concern as infections persist and stores remain crowded.
MENTIONED IN THIS ARTICLE
Los Angeles
Target
Walmart
CVS
Whole Foods
Costco
Sprouts
Kroger
Starbucks
Ralphs
Hollywood
Los Angeles County Department of Public Health
Richardson
Mid-Wilshire
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Jim Saksa
Doug Sword
Luis Hidalgo
Joel Rios
Bronx
New York
Stan Choe
Damian J. Troise
Alex Veiga
Associated Press
the Market IN Review
S&p
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Wilshire
Naspaaq
GenElec
Infinera
TiCoDiaga WellsFargo
AviatNet
GloryStar
AMD
Servotr
Potbelly
Transcen
Progynyn
Penre Pfb
DeltaAir
PGT Inc
SupLeagu
AmAirlines
virTherap
Lydall
At&t Inc
Macys
AbbVie
Marathno
Alibaba
Micront
Amber
Microsoft
Amé Airlines
Microvisa
Annaly
Moderna
Apple Inc
Newell Br
BcoBrad
NiSource
BkofAm
BedBath
NokiaCp
Northropg
NorvCruise
Biocept
Novaux
Boeing
OasisPet
CallonPet
OcciPet
Carnival
Cedarf
OwensCorn
Cisco
Citigroup
Penney
PepsiCo
CoDiaga
Petrobras
CocaCola
Comcast
Pfizer
Coty
Remrkhi H
CreatReal
RittrPh
RylCarb
AmblOn B
EggTrasfr ExxonMbl
Seanrm H
FirstEngy
SwstAirs
HomeDp HuntBnesh
SpiritAir
Tauunh
Vale SA
Jd.com
Vectorq H
VerizonCm
Jpmorgch
Keycorp
Kohls
WellsFargo
incNat
Wendys Co
MFA Fuel
YumBrads
MGM
Zomedica
Sweet Crude
NYMX
New York Mercantile Exchange
ICE
Chicago Board of Trade
CME
Chicago Mercantile Sugar (World) Exchange
ICE Intercontinental Exchange
Mutua
American
AmrenBalAm
CptWidGrincAm
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Dodge & Cox Inc
Dodge & Cox IntlStk
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Fidelity
Schwab Sp500idx
Rowe Price Bcgr
Vanguard 500IdxAdmil
Vanguard Intiteadmrl
Vanguard Insidxins
Vanguard
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Vanguard Insttismiinpis
Vanguard PrmCpAdmrl
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SEC
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