Finance

Pullback continues, airlines & cruise shares drop, fear gauge pops

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10:30 am: Cramer says Hertz stock is likely ‘worth zero’

10:28 am: Fed’s Main Street lending program accepting bank registrations

Banks wanting to get in on the Federal Reserve’s Main Street lending program can start signing up now. The Boston Fed, which will administer the facility, said Monday that it is now open for lender registration. After a lengthy delay that saw significant changes to the initially announced terms, the Main Street program, which targets small- and medium-sized businesses with loans of $250,000 to $300 million, is expected to be launched shortly. The Fed will purchase 95% of the loans from participating banks, a number that also has increased from the first…



Source cnbc.com

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