CNBC: SoftBank posts surprise loss in third quarter, revenue also misses estimates
CNBC reports: SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell ...
MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTSR: IN LINEGXO: TRADING UPDATE TIMEMAERSK: ROARING BACKFDX: TAILWINDS
MAERSK: STILL BEARISHKNX: YIELD BOOSTWTC: TURKISH CARGO WINGXO: HAMMEREDWMT: DEFENSIVEAAPL: AI DRIVEGXO: PRESSURE BUILDSAAPL: SUPPLY CHAIN FOCUSMAERSK: PE PORT PURCHASEDHL: GREEN PHARMA FLIGHTSR: IN LINEGXO: TRADING UPDATE TIMEMAERSK: ROARING BACKFDX: TAILWINDS
CNBC reports:
– In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
– The QE program will entail $700 billion worth of asset purchases entailing Treasurys and mortgage-backed securities.
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to near-zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
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