The two say the Fed should look for more authority that would give it the power to purchase corporate bonds on top of the Treasurys and mortgage-backed securities it already plans to buy.
WallachBeth's Andrew McOrmond lays out a price discrepancy happening in the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and what it says about market pricing.
China said Tuesday that it will expel American journalists working in the country for The New York Times, The Wall Street Journal and The Washington Post whose press credentials are due to expire in 2020.
Joe Biden was headed for a blowout over Sen. Bernie Sanders in the 2020 Florida Democratic primary as he tries to seal the nomination. He was also projected to win Illinois and Arizona.
One employee said that many Tesla colleagues had decided to take voluntary, unpaid leave and those who were left to work at the factory were now doing the jobs of two or three people at once.
The Fremont plant is the only car-making factory Tesla operates in the U.S., and is responsible for the bulk of Model 3 sedans delivered to U.S. customers. It is also the only place where Tesla manufactures its new Model Y crossover SUVs.
In the central bank's latest effort to keep credit markets flowing, the Fed announced a Primary Dealer Credit Facility, which will provide up to 90 days.
The White House is seeking a stimulus package worth anywhere from $850 billion to over $1 trillion in a bid to battle the economic impact from the coronavirus pandemic.
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