What the Fed’s coronavirus policy means for mushrooming ‘zombie’ corporate debt

What the Fed’s coronavirus policy means for mushrooming ‘zombie’ corporate debt

By resolving to keep its foot on the pedal of easy monetary policy, the Federal Reserve is likely to continue fueling a binge in corporate borrowing, which carries the risk of postponing the day of reckoning for financially distressed companies.  The boom in investment grade and high yield issuance has sent non-financial corporate debt levels […]
Hotels eye Fed’s Main Street loans as occupancy rates remain low

Hotels eye Fed’s Main Street loans as occupancy rates remain low

American hotels are worried about foreclosing as the novel coronavirus leaves most of the country on lockdown, and franchisees of the most recognized names in accommodation are turning to the nation’s central bank for help. With few people checking into hotels, the...