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WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018
When it comes to making magic, it wouldn't be complete without a unicorn.And for kindergartner Wyatt Haas of Terry, Montana, his encounter with a unicorn might help give him the extra push he needs as he embarks on one of his biggest battles to date.The 5-year-old was recently diagnosed with brain cancer and was accepted into St. Jude Children's Hospital in Memphis, Tenn.Wyatt and his mom Corissa left Sunday so he could begin treatment.But his send off was something straight out of a fairy tale.Bonanza the unicorn proudly carried Wyatt, complete with crown, around the park as his classmates and teacher looked on.Wyatt's dad, Zach, and his two siblings are staying behind in Montana so Zach can continue working at BNSF.But the family's wish is that everyone can be reunited down in Memphis for Christmas.A 826
Wednesday's 0 million Powerball drawing produced no winners, and the estimated jackpot for Saturday's drawing has increased to an estimated 5 million.That number will likely increase before Saturday's drawing takes place.According to Powerball's website, there was one person in South Carolina who matched five numbers plus the "power play" on Wednesday, winning million. Four people in Florida, Kentucky, New Jersey and South Carolina matched five numbers, winning million.A 5 million jackpot would be the seventh largest lottery drawing in US history. The largest Powerball jackpot of .59 billion took place in 2016. A winning ticket for the second-highest lottery drawing at .4 billion was sold in October. 741
Two days after police officers in Lexington, Kentucky, mourned the loss of a Krispy Kreme doughnut truck, Krispy Kreme delivered fresh doughnuts to officers from the Lexington Police Department. On Monday, Lexington Police shared photos of its officers shedding a tear in front of the burned-out Krispy Kreme truck. The post, which had the caption “No Words,” quickly went viral. According to 405
WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as .7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic. Senate records show that Burr and his wife sold between roughly 0,000 and .7 million in more than 30 separate transactions in late January and mid-February.That was just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus.An audio recording 538