In a blog post after the poorly-received European Central Bank decision, ECB Chief Economist Philip Lane said it retains the option of future cuts in the policy rate, if warranted by a tightening in financial conditions or a threat to our medium-term inflation aim.
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SANTA MARIA, Calif.-. Local stores are seeing empty shelves and shortages of products as residents flock to stock supplies as a reaction to the Coronavirus. Some shelves are completely empty. Spencers Fresh Market is out of toilet paper. Clerks are …
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American Airlines is taking additional steps to counteract the devastating effect the coronavirus is having on commercial air travel. American Airlines Group, Inc. (Nasdaq: AAL) will defer annual pay increases for leadership until August, accelerate the …
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Filings for U.S. unemployment benefits fell last week, indicating companies were holding on to workers even as the coronavirus outbreak starts to weigh on economic activity. The Labor Department said Thursday that applications for unemployment benefits, …
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… 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index.
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