No one is certain about the possible ramifications of the current coronavirus, but virologists say there are clues from other similar outbreaks in the recent past.
In question is how much effect rate cuts will actually have amid a health emergency that threatens to reduce both supply and demand in the economy.
Officials from the National Basketball Association, National Hockey League and Major League Baseball say they are all consulting with the Centers for Disease Control and Prevention and other organizations on a regular basis about COVID-19.
President Donald Trump’s choice of Vice President Mike Pence to oversee the nation’s response to the new coronavirus threat is bringing renewed scrutiny to Pence’s handling of an HIV outbreak in southern Indiana when he was governor.
The three major U.S. stock indexes now are in correction territory, a 10% reversal from recent highs.
The benchmark S&P 500 has lost 7.6% over the last four days, its worst such stretch since the end of 2018. Tuesday also marked the first back-to-back 3% losses for the index since summer 2015.
The selling wiped out all of the Dow Jones industrial average’s gains for the year. The major U.S. stock indexes all fell more than 3%.
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
The tech giant is warning investors that it won’t meet its second-quarter financial guidance because of the viral outbreak.
Dr. Christopher Stobart and his students are focusing on an enzyme in the virus that could inhibit its replication, and plan to submit the findings to a virology journal in coming months.
Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that have shut down much of the world’s second-largest economy.
