US manufactured goods sales plunge 17.2% in April

WASHINGTON (AFP) – New orders for US manufactured goods cratered in April by 17.2 per cent as the Covid-19 pandemic shut down factories nationwide, the Commerce Department reported on Thursday (May 28). That decline came after a 16.6 per cent…

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Fed goes all in with new, unlimited bond-buying plan

WASHINGTON • The US Federal Reserve said it would buy as much government-backed debt as needed to soothe fraught markets and it unrolled a series of programmes meant to shore up both large and small businesses, unveiling a whatever-it-takes effort…

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