Wall Street closes in red as coronavirus spreads

Wall Street closes in red as coronavirus spreads

Equities on the United States markets traded with losses at the closing bell on Thursday with all eyes on coronavirus outbreak. After quarantining Shenzhen and Wuhan, China decided to impose a lockdown on the city of Guangzhou in an attempt to curb the spreading of the infection that killed 638 people so far. As the …

Oil drops as Russia needs time to mull more OPEC+ supply cuts

Oil drops as Russia needs time to mull more OPEC+ supply cuts

NEW YORK — Oil prices dropped on Friday as Russia said it would need more time before committing to output cuts sought by other large producers as the coronavirus outbreak fans worries about global crude demand. Oil is on track for its fifth consecutive weekly decline, as speculators have backed away due to weaker consumption …

Fed Report: Possible Spillovers From Coronavirus Pose New Risk to Economic Outlook

Fed Report: Possible Spillovers From Coronavirus Pose New Risk to Economic Outlook

WASHINGTON—The Federal Reserve said Friday that risks of weaker-than-expected U.S. growth had declined late last year but that the possible spillovers from the effects of the new coronavirus in China present a new risk to the outlook. In its semiannual report to Congress, the central bank said the U.S. economy remains on a solid footing …

Death of Chinese coronavirus doctor sparks online anger at government

Death of Chinese coronavirus doctor sparks online anger at government

BEIJING/SHANGHAI (Reuters) – A Chinese doctor reprimanded for warning against a “SARS-like” coronavirus before it was officially recognised died of the illness on Friday, triggering online expressions of anger at the government and fuelling suspicions of censorship. The death of Li Wenliang, 34, came as Chinese President Xi Jinping told the United States that China …

‘We’re basically at a pandemic now’: Mayo Clinic physician on coronavirus

‘We’re basically at a pandemic now’: Mayo Clinic physician on coronavirus

Dr. Gregory Poland, professor of medicine and infectious diseases and the director of the Vaccine Research Group at Mayo Clinic, and Dr. Scott Gottlieb, Pfizer board member and former FDA Commissioner, join “Squawk Box” to discuss the spread of misinformation on the coronavirus. WHO Director-General Tedros Adhanom Ghebreyesus warned on Monday that the world may …

China to Round up Infected in “Mass Quarantine Camps”

China to Round up Infected in “Mass Quarantine Camps”

“During these wartime conditions, there must be no deserters, or they will be nailed to the pillar of historical shame forever.” A senior official in the Chinese government has instructed authorities in Wuhan, the city where the ongoing coronavirus outbreak originated, to round up the sick and quarantine them in isolated hospitals and shelters.The vice …

Wuhan Rounds Up the Infected as Death Toll in China Jumps Health officials are focusing on faster diagnoses of the coronavirus. A Chinese doctor who warned of the outbreak has died.

Wuhan Rounds Up the Infected as Death Toll in China Jumps  Health officials are focusing on faster diagnoses of the coronavirus. A Chinese doctor who warned of the outbreak has died.

Health officials are focusing on faster diagnoses of the coronavirus. A Chinese doctor who warned of the outbreak has died. Death toll in China surpasses 600. Health officials focus on faster diagnoses. Wuhan is told to round up infected residents for mass quarantine camps. Chinese doctor who warned of outbreak has died. Refunds for U.S.-China …

Trump says Xi assured him China will curb coronavirus

Trump says Xi assured him China will curb coronavirus

United States President Donald Trump wrote on Twitter on Friday that “strong and sharp” President of China Xi Jinping assured him China’s efforts to fight the outbreak of coronavirus will be successful and expressed hope the disease will be “gone” in spring. “Just had a long and very good conversation by phone with President Xi …