Large sections of public life came to a standstill over the month of March as the novel coronavirus - which causes the potentially lethal respiratory illness COVID-19 - spread across the United States. State and local governments shut down schools, ordered restaurants and other businesses to close and issued stay-at-home orders for millions. But the
Apple Inc.'s most important manufacturing partner has reassured investors it can still get the latest 5G-enabled iPhones ready for an autumn launch despite global Covid-19 upheaval.
Shares of Microsoft and Amazon closed the year’s first quarter in the black, while its tech peers followed the broader market sell-off due to impacts from COVID-19.
Wistron Corp., one of Apple’s manufacturing partners, said this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.
Goldman Sachs has revised its view on how the coronavirus will impact the U.S. economy, seeing a sharper downturn than originally thought followed by an even bigger upturn. Among its expectations are that the unemployment rate will peak at around 15% later this year, well above original expectations for 9%. Gross domestic product is forecast
State leaders and doctors are cautiously optimistic that the Bay Area's early moves to lock down residents two weeks ago have prevented surges of coronavirus patients from overwhelming the region's health care capacity thus far.
Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had. “In my 44 years in finance, I have never experienced anything like this,” Fink said in an annual letter to shareholders, citing
Strategists at JPMorgan Chase & Co. have concluded that most risk assets -- a universe that typically includes stocks and credit -- have seen their low points for the recession that’s gripped economies around the world. Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, a reversal
Newly released projections reveal the worst impacts of the coronavirus in California may still be nearly a month away. The rate of COVID-19 deaths is expected to peak on April 25 with 148 deaths per day, according to data released Thursday by the Institute for Health Metrics and Evaluation, a research center at the University of
These are days that test every leader — local, state and national. They are each being asked to make huge life and death decisions, while driving through a fog, with imperfect information, and everyone in the back seat shouting at them. My heart goes out to them all. I know they mean well. But as