ECONOMY

Economy

Despite Fed's Rescue Attempt, Dow Plunges Nearly 800 Points

12:19pm March 04, 2020

NPR's Noel King talks to Diane Swonk, a Federal Reserve adviser and chief economist at Grant Thornton, about the Fed's decision to cut interest rates in response to the coronavirus outbreak.

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News Brief: Election Results, Stock Markets Drop, Gene-Editing Tool

10:28am March 04, 2020

After Super Tuesday, Joe Biden and Bernie Sanders are the front-runners. U.S. financial markets fell again on concerns over the coronavirus outbreak. And, details of a new development in medicine.

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U.S. stock indexes rose sharply on Monday in anticipation of the Federal Reserve's interest rate cut, but stocks fell again on Tuesday after the Fed acted.

Economy

Dow Plunges Nearly 800 Points, Despite Fed Rescue Attempt

5:54pm March 03, 2020

by Jim Zarroli

The Federal Reserve cut interest rates by the largest amount since the 2008 financial crisis, but the emergency move failed to mollify investors worried about the coronavirus epidemic.

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Economy

Federal Reserve Cuts Key Interest Rate To Counter Coronavirus Risk

5:01pm March 03, 2020

by Scott Horsley

The Federal Reserve cut interest rates by half a percentage point Tuesday in an effort to shield the U.S. economy from coronavirus effects. The Dow Jones Industrial Average still fell 786 points.

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Empty shelves for N95 masks are seen at a Home Depot store in Alhambra, California on February 4, 2020.

Are High Mask Prices The Problem Or The Solution?

6:30am March 03, 2020

by Greg Rosalsky

As fears of coronavirus spread, so does price gouging for masks, which are in limited supply.

Coronavirus fears sent stock markets plummeting last week, but they're also pushing mortgage rates down near historical lows. That's an opportunity for homebuyers and homeowners.

Economy

Mortgage Rates Are Near All-Time Lows As Coronavirus Worries Hit Markets

8:39pm March 02, 2020

by Chris Arnold

Coronavirus fears have sent stock markets reeling, but they're also pushing mortgage rates down near historical lows. That's an opportunity for homebuyers and homeowners.

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Brues Alehouse Brewing Company in Pueblo. The city is seeing a growing artists' community and small businesses are setting up shop.

'Steel City' No More, Pueblo Reinvents Itself And Its Politics

11:05am March 02, 2020

Unlike postcard mountain resort towns, or Denver's booming, high-tech corridor, Pueblo is Colorado's faded industrial relic. But it's finding ways to grow into its next chapter.

Oil Prices Plummet As Coronavirus Outbreak, Quarantines Soften China's Demand

11:47am March 01, 2020

by Jackie Northam

China is the world's largest importer of oil, and COVID-19 has led to a sharp drop in its demand for crude. That means bad news for Saudi Arabia, which needs high oil prices.

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President Trump takes questions at a press conference with, from left, National Institute for Allergy and Infectious Diseases Director Anthony Fauci, Vice President Mike Pence and Centers for Disease Control and Prevention Director Robert Redfield.

Trump Says 'Markets Will Take Care Of Themselves' After Stock Sell-Off

11:38am March 01, 2020

by Tamara Keith

President Trump used to boast about stock market gains at every turn. But after coronavirus fears caused the worst plunge since 2008, he has gone silent on this pillar of his reelection pitch.

Economy

Stock Market Continues Plummet As Coronavirus Fears Continue Rise

4:10pm February 28, 2020

by Jim Zarroli

Financial markets have suffered their worst week since the 2008 financial crisis. The drubbing continued as coronavirus spread and fears grew that its impact will damage the global economy.

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