Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound
Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC interview Wednesday that while the U.S. is facing an acute recession, it shouldn’t last.
Why this Nobel laureate predicts a quicker coronavirus recovery: ‘We’re going to be fine’
Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted.
WHO considers ‘airborne precautions’ for medical staff after study shows coronavirus can survive in air
The World Health Organization is considering “airborne precautions” for medical staff after a new study showed the coronavirus can survive in the air in some settings. The virus is transmitted through droplets, or little bits of liquid, mostly through sneezing or coughing, Dr. Maria Van Kerkhove, head of WHO’s emerging diseases and zoonosis unit, told reporters during […]
Bill Gates: Countries that shut down for coronavirus could bounce back in weeks
Microsoft co-founder Bill Gates on Wednesday urged people to remain calm in the face of the coronavirus pandemic. In an Ask Me Anything session on the discussion forum Reddit, Gates was asked about how long “this” will last. “If a country does a good job with testing and ‘shut down’ then within 6-10 weeks they […]
Hundreds of Scientists Scramble to Find a Coronavirus Treatment
Working at a breakneck pace, a team of hundreds of scientists has identified 50 drugs that may be effective treatments for people infected with the coronavirus. Many scientists are seeking drugs that attack the virus itself. But the Quantitative Biosciences Institute Coronavirus Research Group, based at the University of California, San Francisco, is testing an […]
Goldman says the bull market will end soon with stocks dropping another 15%
Goldman Sachs’ top U.S. stock strategist said Wednesday that the longest U.S. bull market in history will meet its demise soon, with equities seeing significant losses beyond what they’ve already suffered over the last three weeks.
Top Coronavirus Doctor in Wuhan Says High Blood Pressure Is Major Death Risk
Patients with hypertension appear to be at a higher risk of dying from the coronavirus, said a top Chinese intensive care doctor who’s been treating critically ill patients since mid-January.
Market sell-off is a ‘gross overreaction’ to a ‘severe but manageable flu,’ Morningstar says
The coronavirus is likely to exert a much smaller human and economic toll than current appearances suggest, according to a Morningstar analysis that runs contrary to some of the gloomier forecasts that have helped pound the stock market.
JPMorgan says the stock sell-off is overdone and recession risk is overblown
Financial markets should be able to recover from the recent sell-off with the help of the Federal Reserve and the U.S. government, according to JPMorgan Chase.
CDC tells people over 60 or who have chronic illnesses like diabetes to stock up on goods and buckle down for a lengthy stay at home
Many Americans will be exposed to COVID-19 over the next year or so with many people in the U.S. getting sick, a top CDC official said Monday, recommending that people over 60 and anyone with chronic medical conditions buckle down for a lengthy stay home.