Today is Thursday, April 9 and the big news is that the Fed has announced a new lending plan to help support the economy. We also see that the stock market could have its biggest weekly gain since 1938, President Trump plans to launch a second coronavirus task force focused on the economy, jobless claims continue to rise and how to protect your credit score during these uncertain times.
The Federal Reserve on Thursday set up new loan programs and bolstered existing ones in an effort to provide $2.3 trillion in support for the economy essentially shut down due to the coronavirus.
Stocks jumped on Thursday after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.
Jobless rolls continued to swell due to the coronavirus shutdown, with 6.6 million Americans filing first-time unemployment claims last week, the Labor Department reported Thursday.
President Donald Trump is planning to launch a second coronavirus task force that focuses on the economic devastation caused by the pandemic, NBC News reported Thursday, citing a senior administration official.
Consumer Reporter Susan Hogan has tips on how to protect your credit score and finances during these difficult times.