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Dow futures dropped sharply overnight as China reported almost 15,000 increase in coronavirus cases. The leap came as a result of Hubei province making an effort to more accurately report confirmed cases of the virus. A 14th case has now been reported in the United States. Dow futures sold off sharply on Wednesday
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A massive rally lifted the Dow Jones to a fresh all-time high around 29,500. Despite stock market enthusiasm, the CDC came out with a shocking prediction that the coronavirus outbreak will gain a foothold in the U.S. Dow bulls also ignored the rise of left-wing presidential candidate Bernie Sanders, who they don’t
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The Wuhan coronavirus has infected more than 45,000 people. The rate of new infections is allegedly slowing in China. But outside of China, new infections continue to grow at an alarming rate. According to a mathematical model from the CDC, China may be underreporting the data. The Wuhan coronavirus, now known as COVID-19
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After posting solid gains in January, a key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.The slowdown in the growth of so-called mining difficulty signals that miners have had to pause upgrading equipment after the epidemic
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Ray Dalio sees little to worry about regarding the coronavirus outbreak. The hedge funder expects markets to rebound despite concerns over slowing growth. The virus will shave about one percentage point from China’s economic growth rate. Even as the death toll from the fast-spreading coronavirus illness exceeds 1,000 people in China and the
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China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the
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Upward momentum in the Dow Jones was halted on Tuesday after the CDC confirmed that coronavirus cases are higher than reported. As the stock market faded from its highs, Fed Chair Jerome Powell warned there would be an impact on the U.S. economy from the epidemic. Donald Trump was quick to blame
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The Wuhan coronavirus has grown to infect 43,119 people claiming over 1,000 lives. Mainland China is the epicenter of the crisis. With 43,119 confirmed cases and 1,018 deaths, the disease has a fatality rate of 2.3%. While the coronavirus death total is rising rapidly, there is a glimmer of
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Chinese President Xi Jinping warned officials that their response to the coronavirus outbreak had already harmed the nation’s economy. Local authorities told to reign-in the scale of their response. China’s central bank declares the country’s economic health must be the first priority. China’s President Xi Jinping reportedly told staffers
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The coronavirus death toll is spreading fears to investors who are trying to turn to gold, the U.S. dollar and also Bitcoin as a safe haven.Investors are seeking safety in gold, the dollars and also Bitcoin as the coronavirus outbreak death toll in mainland China alone hit 1000. The virus
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