Muting Coronavirus Anger, China Empowers Its Internet Police

03/16/2020

Mr. Xi has given new resources to domestic security forces. The internet police’s uncanny speed in finding people, who might believe they are hidden among the internet’s hordes of anonymous grumblers, is the result of billions of dollars in new spending on surveillance technology. China’s […]

Wall Street dives, S&P 500 sheds $2 trillion in value

03/16/2020

(Reuters) – S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked about the mounting damage from the coronavirus pandemic on the global economy. Trading on the three main U.S. stock indexes was […]

Crude oil falls below $30 as coronavirus spreads

03/16/2020

LONDON (Reuters) – Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of […]

Airlines seek emergency aid as coronavirus brings industry to near-halt

03/16/2020

LONDON/PARIS (Reuters) – Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes. Already battered shares in British Airways parent IAG (ICAG.L), easyJet (EZJ.L) and Air France-KLM […]

When Facebook Is More Trustworthy Than the President

03/16/2020

Directives from the World Health Organization have provided the companies with the kind of clarity engineers appreciate. The services are promoting the good and deleting the bad, sending users straight to the Centers for Disease Control and Prevention and the W.H.O. Even frequent critics of […]

The plumbing behind world's financial markets is creaking. Loudly

03/15/2020

LONDON (Reuters) – The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the […]

Coronavirus: A time bomb for the poor and uninsured

03/15/2020

Like many Americans, bartender Danjale Williams is worried about the growing threat of the coronavirus. What makes the 22-year-old in Washington even more frightened – the thought of medical bills she just can’t afford, as one of almost 27.5 million people in the United States […]

A Bank in Midtown Is Cleaned Out of $100 Bills

03/15/2020

Even so, it appears the deep level of fear that has set in on Wall Street — as weeks of market gyrations have wiped trillions of dollars of wealth — has also permeated people’s personal lives. This week, the coronavirus pandemic ended one of the […]