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The annual accounting and finance event in Las Vegas has been delayed until an unspecified time "later this year" due to the ongoing coronavirus outbreak.
Senior leaders at the No. 1 IBD meet daily about the pandemic as large enterprises set their own continuity plans into motion with an eye toward ensuring operations.
Some market professionals were quick to say that the step would not be sufficient to soften the blows hammering the wider muni market.
The SEC answered questions regarding COVID-19 disclosure in a webinar Thursday and said there would not be relief for issuers' late annual financial filings.
The central bank said its program to support money market mutual funds will also serve as a backstop for state and local governments.
The majority of the economic disruption will occur in fiscal 2020, but the revenue impacts will extend into the first half of fiscal 2021, says Moody's Analytics Dan White.
The Ohio Democrat argued that the public wouldn't be able to meaningfully provide feedback on rules given the stressful circumstances related to the outbreak.
The authority, which tapped its $1 billion credit line and received a warning shot from Moody's, says COVID-19 is a disaster that requires a national response.
The company's bank tellers, call-center workers and support staff are part of the roughly 70% of American workers who don’t have the ability to work from home.
Sales of previously owned homes surged in February to the fastest pace in 13 years, highlighting a flurry of activity in the housing market before the economic repercussions of the coronavirus.















