The Fed says it is going to start buying individual corporate bonds

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A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April 29, 2020.

Xinhua News Agency | Getty Images

The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday.

As part of a continuing effort to support market functioning and ease credit conditions, the Fed added functions to its Secondary Market Corporate Credit Facility.

The program has the ability to buy up to $750 billion worth of corporate credit. Its

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Stocks rise to start June

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Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City.

JOHANNES EISELE | AFP via Getty Images

Dow Jones Industrial Average rises 91 points

Wall Street starts June on positive note, but risks remain

The market picked up right where it left off, building on the strong gains from April and May. “Equity markets continue to display remarkable resilience in the face of a constant barrage of troubling developments, with investors continuing to focus on the positive signs of reopening,” says one analyst. However, investors still

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HBO Max has bumpy start, ‘isn’t a game changer for AT&T,’ analyst says

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AT&T’s newest streaming service HBO Max may be filled with DC superheroes, wizards, hobbits and Looney Tunes, but that may not be enough for investors.

The new platform also faces tough comparisons with Disney+, Disney’s foray into subscription streaming, which not only had a massive number of subscribers at the time of its launch in November, but has been praised for its streamlined service and original content.

“HBO Max’s launch has thus far been notably less smooth than the launch of Disney+, due to a variety of factors, including confusing branding, uncertainty about how to get the product, and limitations

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Administrators deny South African Airways set to start flying

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FILE PHOTO: A South African Airways (SAA) plane taxis after landing at O.R. Tambo International Airport in Johannesburg, South Africa, January 18, 2020. REUTERS/Rogan Ward

JOHANNESBURG (Reuters) – Administrators for state-owned South African Airways (SAA) said on Wednesday the airline is not aiming to resume domestic flights from mid-June, rejecting a statement from the airline a day earlier.

SAA is under a form of bankruptcy protection and suspended all commercial passenger flights in late March, when the government imposed one of Africa’s strictest lockdowns.

“The position around the cessation of flights remains as is until SAA has a better sense

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