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The number of daily new COVID-19 cases outside China exceeded those inside the country two days in a row this week, the WHO announced Thursday.
The coronavirus seems to be near the tipping point of becoming a global pandemic. The next few weeks may see infection rates peak for the virus that causes a lung illness dubbed Covid-19 and start to decline, aided by containment efforts and warmer weather in the Northern hemisphere
Fed's Bullard Says Rate Cuts Possible If Coronavirus Turns Into PandemicFeb 28, 2020 - 06:24:18 PST
Markets are anticipating the Fed will cut rates four times this year amid a scare that the virus would cause a sharp slowdown in global growth.
A great many systems that are assumed to be robust are actually fragile. Exhibit #1 is the global financial system, of course, but Exhibit #2 may well be the healthcare system globally and in the U.S.
A wave of CEO departures was announced Tuesday, as the chief executives of Mastercard, Salesforce, Thomson Reuters and Disney all had notice of their impending departures made official.
The coronavirus (COVID-19) outbreak in China will harm the world’s gross domestic product growth since China accounts for 15.4% of global products and services produced. Approximately 500 manufacturing facilities are located in Wuhan...
‘Think about it: one-third of the world’s manufacturing capacity was idling for weeks and is still idling. That’s a big deal’
Equity markets have tumbled, as investors dumped riskier assets and piled into safe-haven currencies, sending the Japanese yen, which has regained its safe-haven status after last week's brief wobble, to a 3-1/2-week high of 108.51 versus the dollar JPY=EBS, trading last up 0.8%.
And 2-year rate tumbles below 1%. The 10-year U.S. Treasury yield plunged to a fresh record low on Friday as investors dumped riskier assets and searched for safer options amid the coronavirus outbreak.
Under the hood, the picture was mixed with private workers wage growth slowing compared to rising government worker wage growth...
This week, we've given you the greatest gold quotes of all time and the greatest gold art of all time. How about wrapping up the week with the biggest gold hearts of all time?Continuing our series of contests with Roy Sebag, we gave away another one-ounce gold coin. For this contest, Roy asked folks to share their favorite charities.
Is Coronavirus the Pin that Pricked the Bubble? SchiffGold Friday Gold Wrap Feb. 28, 2020February 28, 2020
It's been a wild ride on Wall Street this week — all downhill. Stocks entered correction territory Thursday and are on track for the worst week since the 2008 financial crisis. As Peter has put it, this stock market is a bubble looking for a pin. Is the coronavirus the pin? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about this chaotic week in the stock market, the bond market and the gold market.
Gold prices retreated on Friday as investors booked profits from a 1% jump in the last session, but the metal had some support as mounting concerns over the rapid spread of coronavirus lifted expectations of rate cuts by major central banks.
Allianz's Mohamed El-Erian told CNBC that investors should focus on company's with strong balance sheets because the Federal Reserve will not be able to stabilize markets.
As the Federal Reserve weighs a response to the spread of the coronavirus, it faces a novel challenge — there is not much evidence on whether monetary policy is the right response to a potential pandemic. “If the Fed cuts by 25bp, I don’t think it would make much of a difference,”
Warsh spoke the day after he called for the Fed to cut interest rates in response to the outbreak.
Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world...
World Health Organization Director General Tedros Adhanom Ghebreyesus said on Thursday that the virus has "pandemic potential."
"Our previous assumption that the virus will be contained in China proved optimistic," said Moody's Analytics, which previously predicted a 20% chance of a pandemic.
U.S. Stock Futures Sink as Coronavirus Fears Set to Drive a Deeper SelloffFeb 28, 2020 - 03:06:10 PST
U.S. stock futures slid sharply on Friday, a day after major benchmarks pushed into correction territory, as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy.