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The number of coronavirus cases in South Korea reached 156 on Friday. Soldiers at the Navy, Army and Air Force have been diagnosed with COVID-19. With 52 new confirmed cases, South Korea has the highest number of coronavirus infections outside China. According to Yonhap News Agency, a government-funded mainstream
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Analysts at Goldman Sachs believe the market may be underestimating the impact of coronavirus on corporate earnings and economic growth. The novel disease has infected nearly 76,000 people, killing 2,130 in the process. Some scientists believe the actual infection rate is much higher. U.S. stocks closed at record highs
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More than 30 people in city of Daegu were confirmed with coronavirus in the past 2 days. The mayor considers the virus to be a level 4 contagious disease, the highest level possible. Local officials are preparing for worse to come. Over 30 confirmed cases of coronavirus have emerged
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The Chinese government has expelled three Wall Street Journal reporters over an op-ed published by the outlet. The Wall Street Journal has been instrumental in exposing China’s underreporting of the coronavirus outbreak. China may be trying to suppress information about the outbreak by intimidating journalists. The Chinese Communist Party
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Half of all coronavirus cases outside of China are all on the Diamond Princess cruise ship. The number of infected people on board rose by 88 overnight to a total of 542. Scientists say it’s obvious the quarantine hasn’t worked. A cruise ship docked off the coast of Japan has become an ‘incubator’
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Netflix’s stock price rose by as much as 2% on Tuesday en route to fresh 52-week highs. The broader stock market was down roughly half a percent amid coronavirus fears. Netflix faces intense competition in the online video streaming market, but its Q4 results showed a healthy pace of new subscribers added. Shares
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The coronavirus (COVID-19) is much deadlier than the seasonal flu with a fatality rate of 2.3 percent. Comparisons between the virus and the flu are irrational. COVID-19 has caused a decline in the economic sentiment of major countries like Germany. When coronavirus was first publicized, many were quick to drive the narrative that
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Significantly less flights are going in and out of China two months into the coronavirus outbreak. It puts pressure on China and the government’s wish to recover the economy. People’s Bank of China already cut its rate to support local firms, which it was reluctant to do even during the trade war. A
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Apple surprised stock market investors on Monday as it lowered its revenue guidance amid the coronavirus crisis. Dow futures fell after the note was released, as investors brace for more downgrades from other U.S. companies with exposure to China. A new report from the Chinese CDC claims several worrying facts about the
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China is ramping up its efforts to censor international coverage of the coronavirus. President Xi has stated a need to “strengthen the guidance of public opinion.” The reasoning behind this is clear: Beijing needs to stifle a possible powder keg of unrest in Hubei province. In a predictable move, the Chinese government has
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