GLOBAL MARKETS-Stocks slip as U.S. jobs angst outweighs record stimulus

“No-one is sure how long things are going to be locked down for, how wide the virus will spread in the U.S., what the death toll and hit on the economy will look like,” said Salman Baig, portfolio manager at Unigestion in Geneva.

Coronavirus should not have caught leaders and markets off-guard

If those analysts had only consulted a broader data set, their statistical estimates would have allowed for the probability that housing prices would eventually fall and that mortgage-backed securities would therefore crash. Financial analysts who limit their data to their own country and time period are like 19-century British philosophers who concluded by induction from […]

Sensex crashes 1,375 points: What drove D-Street lower on Monday?

It was manic Monday as the stock market bears ran riot with coronavirus cases rising in India and abroad, taking lives and forcing businesses to shut down. Along with that a ceaseless dumping of stocks by the foreign investors is also weighing on investor sentiments. BSE flagship Sensex dived 1,375 points to 28,440.32. NSE barometer […]

Coronavirus live updates: ‘Greatest test that we have faced since the formation of the United Nations’

10:30 p.m. UN calls for coordinated global response to COVID-19 pandemic: The UN issued a “call to action” to nations Tuesday to coordinate in combating the health and socioeconomic impacts of the coronavirus. A UN report termed the pandemic “the greatest test that we have faced since the formation of the United Nations.” UN Secretary-General […]

Coronavirus live updates: ‘You’re scared’ — Nurse with COVID-19 is one of dozens afflicted in state

4:47 p.m. Officials respond to whether U.S. could have acted earlier to slow coronavirus: At a White House news conference, medical officials and President Trump were asked whether the U.S. outbreak could have reduced had the country introduced mitigation measures like social distancing earlier. Dr. Deborah Birx, coordinator of the U.S. coronavirus task force, said […]

Coronavirus live updates: UN report says COVID-19 is ‘attacking societies at their core’

11:04 a.m. IRS issues some details on $1,200 payments: The Internal Revenue Service has clarified that to get an “economic impact” payment this year, income-eligible taxpayers must file a tax return, even if they don’t owe tax. For people who have already filed 2019 tax returns, the IRS will use this information to calculate the […]

Coronavirus live updates: Cuomo says New Yorkers ‘still on our way up the mountain’ as cases rise

4:47 p.m. Officials respond to whether U.S. could have acted earlier to slow coronavirus: At a White House news conference, medical officials and President Trump were asked whether the U.S. outbreak could have reduced had the country introduced mitigation measures like social distancing earlier. Dr. Deborah Birx, coordinator of the U.S. coronavirus task force, said […]

Coronavirus live updates: UC system to ease 2020 admissions requirements; no more SAT, letter-grades

8:14 p.m. Fairfield assemblyman calls for suspension of Bay Area bridge tolls: When the coronavirus pandemic picked up, officials at the Metropolitan Transportation Commission removed toll booth operators from all seven state-owned bridges in the Bay Area. For now, the bridges still collect tolls electronically, a practice that Assemblyman Jim Frazier, D-Fairfield, wants to end […]

Coronavirus live updates: CA sees 17% jump in ICU patients; China lying about cases, report says

3:07 p.m. Fauci: Mitigation is having an effect: Dr. Anthony Fauci, the U.S. government’s top infectious disease expert, said at a White House news conference that mitigation efforts like social distancing appear to be having an effect on slowing the spread of the coronavirus. “In the next several days to a week or so, we’re […]

Australian fishermen brokering deal to fly lobsters to China, get coronavirus medical supplies in return

Getting fishermen ‘back to work’ a priorityMr Thompson said oversupply was an issue in China and as the world’s seafood exporters clamour for a share of the recovering market the industry would need a measured approach.