A statement just released by the Federal Reserve says they “recognize the potential impact of the coronavirus on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions”. The statement follows a steep down day for the stock market, as well as…
President Trump Signs $8 Billion Emergency Coronavirus Funding Bill into Law
March 6, 2020
President Trump has just signed into law the emergency coronavirus funding bill that swept through Congress this week. “This bill provides $8.3 billion in emergency funding for federal agencies to respond to the coronavirus outbreak.” The bill funds efforts by the Food and Drug Administration, the Centers for Diseases Control…
10-Year Treasury Yields Fall to All Time Low
March 5, 2020
10-Year Treasury yields have fallen to an all-time low today of 0.90%. Fueled by growing global economic concerns due to the coronavirus, the benchmark indicator continued its recent decline. Globally, confirmed coronavirus cases are over 93,000 including over 3,300 deaths. The United States is now reporting double digit deaths, as…
U.S. Conducts Defensive Airstrike on Taliban Days After Signing Peace Deal
March 4, 2020
The United States has conducted an airstrike against Taliban fighters in Afghanistan, just days after signing a new peace deal. “This was a defensive strike”, U.S. Colonel Sonny Leggett commented, used to disrupt Taliban fighters “who were actively attacking an [Afghanistan Armed Forces] checkpoint.” According to the Colonel, “the Taliban…