Tag: coronavirus
The Dow Jones drops nearly 1200 points as coronavirus fears batter stock markets
The Dow Jones Industrial Average dropped nearly 1200 points today to close at 25,766.64, marking the single worst week for the index since 2011. The Nasdaq stock market fell over 400 points. Behind the collapse was a growing realization that COVID-19, the coronavirus strain sweeping across the globe, has indeed landed…
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Vice President Pence bulks up Coronavirus Task Force with medical and economic experts
The point person for the government (who will be reporting to Vice President Pence) is Deborah Birx, a longtime leader in the U.S. government’s efforts to contain the HIV/AIDS pandemic. From her position within the State Department as the U.S. Global AIDS Coordinator and Special Representative for Global Health Policy,…
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Facebook cancels F8 conference, citing coronavirus concerns
Facebook confirmed that it has canceled its annual F8 developers conference, over growing concerns over the COVID-19 coronavirus pandemic. The company writes on its official website, In light of the growing concerns around COVID-19, we’ve made the difficult decision to cancel the in-person component of F8 this year, in order…
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The coronavirus begins to impact US tech earnings
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re starting on a somber topic, so I’ll hold off on our usual jokes and attempts at puns. The impact of the coronavirus known as COVID-19 is starting to…
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Vice President Mike Pence will lead the US response to the COVID-19 outbreak
In an early-evening press conference, President Donald Trump tapped Vice President Mike Pence to lead the U.S. response to the COVID-19 outbreak that has spread through Europe, Asia and Latin America. The new coronavirus strain, which has infected about 81,000 people around the world and killed 3,000, has already wrought…
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Coronavirus fears hit markets, bringing US shares down as tech and SaaS slip
Fears over the potential impact of the coronavirus spreading in Europe, Asia and the Middle East have sent stocks plummeting in Monday’s open — with tech stocks among the hardest hit. The reason for the declines are clear: Over the weekend, cases outside of China swiftly rose in Europe and…
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