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 essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus. The new fed funds rate, used as […]
Tag: Breaking News: Major
Hong Kong leader declares citywide virus emergency over coronavirus
Lam introduced a package deal of measures aimed toward limiting the Asian monetary hub’s connections to mainland China. Flights and excessive velocity prepare journeys between Hong Kong and the Chinese metropolis of Wuhan shall be halted, and annual official Lunar New Year celebrations for town have been scrapped. Hong Kong well being authorities have confirmed […]
Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional […]