Economic Indicators15 hours ago (Mar 16, 2020 07:11PM ET) (C) Reuters. Japan business mood plunges to decade lows on coronavirus woes: Reuters Tankan By Tetsushi Kajimoto TOKYO (Reuters) – Japanese business confidence plunged to decade lows in March as the spreading coronavirus outbreak stoked fears of a global recession and […]
Microsoft and GitHub Strengthen Their Hold on Open Source
Microsoft will soon control more of the open source software development ecosystem. GitHub, which Microsoft bought in 2018, said Monday that it will acquire NPM, which offers a crucial service for JavaScript developers. Terms of the deal were not disclosed. GitHub is the most popular place to host open source […]
FDA Approves the First Commercial Coronavirus Tests in the US
After a weeks-long shortage of COVID-19 tests and limits on screening that have hampered officials’ ability to respond to the crisis, the first commercial tests for the disease have received approval from the US Food and Drug Administration. The new tests could dramatically increase the number of people who can […]
Coronavirus causes historic market drop, global scramble to contain ‘invisible enemy’
By Doina Chiacu and Guy Faulconbridge (Reuters) – Coronavirus fears led to a historic drop in U.S. stocks, shut borders and disrupted daily life around the world, as governments took increasingly drastic measures to try to reduce the severity of the global outbreak. Financial markets had their worst day in […]
The ‘Surreal’ Frenzy Inside the US’ Biggest Mask Maker
Mike Bowen can’t remember exactly when the calls started. As the co-owner and executive vice president of Texas mask manufacturer Prestige Ameritech, he says the last few months have been a blur. His office phone and cell now ring practically nonstop, and Bowen says he often ends the day with […]
The ‘Surreal’ Frenzy Inside the US’ Biggest Mask Maker
Mike Bowen can’t remember exactly when the calls started. As the co-owner and executive vice president of Texas mask manufacturer Prestige Ameritech, he says the last few months have been a blur. His office phone and cell now ring practically nonstop, and Bowen says he often ends the day with […]
Social Distancing: How Many People is Too Many?
My cousin had to cancel his bar mitzvah, which was planned for Saturday in Washington, DC. Some 100 people were scheduled to be there, but like many houses of worship this week, the synagogue suspended its services to help prevent the spread of the coronavirus. For my cousin, it means […]
U.S. overnight repo rate jumps, Fed announces new liquidity operation
Economic Indicators8 hours ago (Mar 16, 2020 12:31PM ET) U.S. overnight repo rate jumps, Fed announces new liquidity operation (Reuters) – The cost of borrowing in the overnight repurchase agreement (repo) market jumped as high as 2% on Monday in volatile trading, before the New York Federal Reserve said it […]
French business decline in early March on par with 2008 slump: INSEE
Economy10 hours ago (Mar 16, 2020 11:01AM ET) (C) Reuters. French business decline in early March on par with 2008 slump: INSEE PARIS (Reuters) – Business conditions in France were deteriorating at a rate at least on par with the downturn seen at the height of the 2008 global financial […]
What If You Can’t Avoid the Hospital as Covid-19 Spreads?
Maintaining social distance and voluntarily quarantining yourself is part self-interest, part altruism. As the coronavirus pandemic continues to spread, the lives it is claiming are not always, generally speaking, young and healthy ones. People have been told repeatedly that their efforts to stay well or stay well away from others […]