Economic stimulus

Michael Conlon, center, works with fellow traders on the floor of the New York Stock Exchange, Thursday, March 12, 2020. Stocks are sharply lower after resuming trading as traders fear that not enough is being done to contain the economic damage from the coronavirus pandemic. (AP Photo/Richard Drew)
March 12, 2020 - 3:49 pm
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 3:45 p.m. The severity of Wall Street’s rout this week may echo the swoons for stocks at the height of the 2008 financial crisis, but that’s where the parallels end. Back then, investors were rattled as Lehman...
Read More
A trader uses a hand sanitizer dispenser on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew)
March 12, 2020 - 2:28 pm
WASHINGTON (AP) — During the financial crisis a decade ago, President Barack Obama could look around the room and turn to an economist who served as Harvard's president, a former president of the New York Federal Reserve and a renowned academic considered one of the world's authorities on the Great...
Read More
President of European Central Bank Christine Lagarde looks up prior to a press conference following a meeting of the ECB governing council in Frankfurt, Germany, Thursday, March 12, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 1:40 pm
FRANKFURT, Germany (AP) — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response from governments. ECB President...
Read More
The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 10:24 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for...
Read More
The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 10:08 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak, but avoided cutting interest rates in a situation where economists say monetary policy can do little more than limit the damage. The central bank for...
Read More
A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 12, 2020. Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. (AP Photo/Ahn Young-joon)
March 12, 2020 - 9:07 am
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 9:10 a.m. The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds,...
Read More
The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:54 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds, money that is newly created and injected into the financial system. Some...
Read More
The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 6:03 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to announce new measures to cushion the economy against the disruption from the virus outbreak when its top officials meet Thursday. The central bank for the 19 countries that use the euro could lower a key interest rate farther below...
Read More
FILE - In this Feb. 23, 2020, file photo, Australian Prime Minister Scott Morrison speaks in Sydney, at a state memorial service for the victims of recent wildfires. The Australian government on Wednesday, March 11, 2020, announced a $2.4 billion (US $1.6 billion) package to help tackle the virus outbreak that has infected nearly 120,000 people worldwide, rocked financial markets and disrupted travel.(Peter Parks/Pool Photo via AP, File)
March 12, 2020 - 2:56 am
PERTH, Australia (AP) — Australia on Thursday put forward a $17.6 billion (US $11.4 billion) stimulus package meant to stave off a recession due to the impact of the virus outbreak on its economy. The package includes cash payments for small businesses and welfare recipients to counter the impact...
Read More
President Donald Trump speaks during a meeting with banking industry executives about the coronavirus, at the White House, Wednesday, March 11, 2020, in Washington. (AP Photo/Evan Vucci)
March 11, 2020 - 4:24 pm
WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration and new travel advisories as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the...
Read More

Pages