US Federal Reserve

The US Federal Reserve made a significant move on Wednesday by cutting its key lending rate by half a percentage point, the first reduction in over four years. This decision, occurring just before the upcoming presidential election, lowers…

The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move “slightly” too late, Managing Director Kristalina Georgieva said Thursday. The US Federal Reserve, the European…

Coronavirus-hit car rental company Hertz was granted permission Friday to sell $1 billion in shares, an extraordinary move after it declared bankruptcy in the United States and Canada. The unusual green light was given by a…

The US Federal Reserve has slashed interest rates to mitigate the damage the new coronavirus is wreaking on the world economy, as global health chiefs warned supplies of essential protective gear were shrinking rapidly. But the Fed's…