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Tag Archives: tedros adhanom ghebreyesus

Bank of America Says Recession Is Here, Coronavirus Death Toll Tops 10K, 240K Infected

More than 245,000 people have now been confirmed with the coronavirus globally, of which at least 85,000 have recovered from COVID-19, while more than 10,000 have died. Bank of America has already stated that the recession is here.The number of people infected with the novel coronavirus surpassed 200,000 yesterday and it’s still rapidly growing. At 8:18 am CET so, around 12 hours after those numbers were announced, this number grew to already 245,997. Bank of America announced the beginning...

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Dow Jones Is Down More Than 1,700 Points as Worldwide Coronavirus Cases Top 200,000

The number of coronavirus cases has reached a new sad record of 200,000. The markets react negatively. Dow Jones is falling.COVID-19 cases surpassed 200,000 worldwide on Wednesday as the coronavirus continues to spread outside of China where the original thing started. Dow Jones continues to lose its points.At the time of writing, Dow is 1,764 points down.The total number of cases now stands at 206,664 as of 3:35 pm CET on Wednesday, according to data compiled by John Hopkins University. The...

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3M (MMM) Stock Rises 6.02% as HHS Clarifies U.S. Has about 1% of Face Masks Needed

To combat the pandemic-like situation with coronavirus spread, the Trump administration has ordered 35 million monthly N95 face masks from industrial giant 3M. The company has ramped up the production. 3M (NYSE: MMM) stock is up.The concerns of the coronavirus spread are rising every-single-day and the U.S. doesn’t seem to be prepared. On Wednesday, the Department of Health and Human Services clarified that the U.S. has only about 1% and not 10% of the N95 respirator masks. Such a situation...

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Dow Jones Falls More Than 12% in a Week: What to Expect?

Equities on major United States stock markets closed the trading session on Friday mostly lower, ending the worst week since the 2008 financial crisis. The Dow Jones and S&P 500 each dropped 12% and 11% in a week.Wall Street went through a historic drop this week all “thanks” to fast-spreading coronavirus that worried investors and traders. Novel coronavirus (COVID-19) developments grabbed the investors’ focus as the World Trade Organization (WHO) updated the coronavirus global risk to...

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Global Businesses Suffer as Coronavirus Infects More Than 4,500 People

As the coronavirus continues to spread, there is rising, palpable apprehension among many global businesses. The continued spread of the virus is reminiscent of the SARS epidemic that hit China many years ago. The possibility of a repeat occurrence, either as strong as the SARS situation or even stronger, is already triggering general business anxiety and unease. Coronavirus Continues to SpreadAt the moment, there isn’t a lot of progress with curbing the virus. Bloomberg reports that the...

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