[PHOTO: Chief nurse Ma Jing holds a patient’s hand to comfort her in the ICU (intensive care unit) of Zhongnan Hospital of Wuhan University in Wuhan, central China’s Hubei Province, Jan. 24, 2020. By Thursday midnight, Hubei Province in central China reported 549 cumulative confirmed cases of the new coronavirus pneumonia, with 495 in Wuhan, the provincial capital. Xinhua/Xiong Qi/PRC]
Recession fears are spreading, along with COVID-19. The coronavirus outbreak and unknowns about preparedness caused massive financial losses this week.
The Dow closed down 350+ points.
The S&P 500 dropped for the seventh day in a row, and posted its biggest drop in a single week since the 2008 financial crisis.
More from Reuters:
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could lead to a recession, although stocks cut losses at the end of the day’s session.
The Dow Jones Industrial Average .DJI fell 356.88 points, or 1.39%, to 25,409.76, the S&P 500 .SPX lost 24.7 points, or 0.83%, to 2,954.06 and the Nasdaq Composite .IXIC added 0.89 points, or 0.01%, to 8,567.37.
photo by Julian Mark Restaurants and boutiques in San Francisco’s Mission District — a vibrant neighborhood at the heart of the City’s struggle with gentrification and inequality — are boarding up their windows apparently in fear of riots or robberies. The businesses are closed until at least April 7 due to the “shelter in place” […]
Tesla has agreed to cut down on the number of active workers inside Elon Musk’s electric vehicle factory in Fremont, CA, but authorities say they have yet to comply with other coronavirus lockdown measures, like not making more cars right now. “Tesla needs to comply with the health order,” said a county spokesman Wednesday.
If you’ve recently faced a major shift in where you work — as in, from an actual office to your home — you’re probably in need of a little assistance to help you navigate that transition more smoothly. Or, maybe you’ve always worked from home, and now the rest of the world is catching up […]
You won’t find many Python programming fans who aren’t vocal Python programming fans. And after years of steadily rising up the list of the web’s most popular programming disciplines, the user-friendly language notched a major milestone earlier this year, tying with Java as the second-most-used language among coders. So why the steady rise toward the […]
Of course, you know an electric toothbrush does a far better job cleaning your teeth than one of those plain ole non-electric manual tooth brusher thingys. But you might not realize that a sonic toothbrush is actually another quantum leap forward from a boring old electric model. It all comes down to some basic numbers. […]