• Futures slide as coronavirus spreads beyond China

    3 monthes ago - By Reuters

    U.S. stock index futures lurched downwards on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
    Read more ...

     

  • Oil retreats in face of renewed coronavirus uncertainties

    3 monthes ago - By Reuters

    Oil prices fell on Friday as a rise in new cases of coronavirus and weak Asian data fuelled uncertainty about the economic outlook while leading crude producers appeared to be in no rush to curb output.
    Read more ...

     

  • As coronavirus cases overwhelm China's hospitals, those with other problems are told to leave

    As coronavirus cases overwhelm China's hospitals, those with other problems are told to leave

    3 monthes ago - By Fortune

    Liu Zi'ao was awaiting surgery in a Wuhan hospital to treat the tumor pressing on his spinal cord when, suddenly, he was told to leave. The novel coronavirus had plunged the central Chinese city's health-care system into crisis, and all resources were being diverted to contain it.
    In the month since, the 25-year-old former acupuncturist has been turned away from hospital after hospital as he seeks treatment. Because his right leg has atrophied, he'll need an ambulance to pick him up if one agrees to admit him. But there are few spare ambulances, hospital beds or doctors at the epicenter of...
    Read more ...

     

  • Coke says coronavirus will hit sales, profits

    Coke says coronavirus will hit sales, profits

    3 monthes ago - By Biz Journals

    The Coca-Cola Co. is worried about coronavirus.
    Coke will tell investment analysts in New York today that it expects an approximate 2- to 3-point impact to unit case volume, 1- to 2-point impact to organic revenue and 1- to 2-penny impact to earnings per share for the first quarter from the virus, which has killed more than 2,000 worldwide so far.
    More than 75,000 people have been diagnosed with coronavirus.
    Coke is presenting today at the Consumer Analyst Group of New York Conference...
    Read more ...

     

  • Coronavirus epidemic enters new phase as cases outside of China spike

    3 monthes ago - By Fortune

    South Korea has more than 150 cases. Those for Singapore and Japan have topped 85. And then there are the 600-plus from a quarantined cruise ship in Japan.
    As the cases of coronavirus infections mount , worries are growing that the outbreak is entering a concerning next phase. Where China had the vast majority of cases and deaths before, there are now signs that infections are spreading more rapidly within other Asian countries beyond its borders.
    For now, China still remains the center of the crisis , with 75,000 infections. But as the number of net new cases there declines, attention is...
    Read more ...