by Jim Heath | Mar 13, 2020 | coronavirus, Economy, Headlines, Health
The biggest bank in America expects the coronavirus pandemic to sink the US and European economies into a deep recession as soon as this summer. JPMorgan’s views of the virus “have evolved dramatically in recent weeks” as the outbreak has spread...
by Jim Heath | Mar 12, 2020 | coronavirus, Economy, Headlines
Stocks cratered today as the escalating coronavirus pandemic and lingering questions about President Trump’s response drove the worst day of losses for Wall Street since the 1987 crash. The Dow Jones Industrial Average closed with a loss of 2,352 points, dropping 10...
by Jim Heath | Mar 11, 2020 | Economy, Headlines, Health
The Dow Jones Industrial Average has officially entered a bear market, dropping 20 percent from its recent peak as the World Health Organization declaring coronavirus a global pandemic. The Dow closed down 1,464 points, or 5.86 percent, at 23,553.32 on Wednesday, a...
by Jim Heath | Mar 9, 2020 | Economy, Headlines
Wall Street suffered its biggest one-day loss since the 2008 financial crisis on Monday and recession worries loomed large as tumbling oil prices and ongoing coronavirus fears prompted investor panic on the anniversary of the U.S. stock market’s longest-ever bull run....
by Jim Heath | Mar 6, 2020 | Economy, Headlines
For the first time in 34 years, the show at South by Southwest will not go on. Austin Mayor Steve Adler and Travis County Judge Sarah Eckhardt jointly announced the declaration of a “local state of disaster” in the city and county, and heir first move was to announce...
by Jim Heath | Mar 6, 2020 | Economy, Headlines
Apple advised all 12,000 employees at its Cupertino headquarters to work from home today amid heightened coronavirus concerns as the death toll in the US increased to 15 and the number of confirmed cases rose to more than 250. In a memo issued to all staff at the...
