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“Risky markets should remain volatile as long as infection rates create uncertainty about the depth and duration of the Covid recession, but enough has changed fundamentally and technically to justify adding risk selectively,” JPMorgan wrote.
Finance
JPMorgan says the coronavirus market rout has probably hit bottom already
By Joanna Ossinger and BloombergMarch 30, 2020
KIEV, UKRAINE - 2020/03/27: In this photo illustration the Coronavirus COVID-19 Global Cases map by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (JHU) is seen displayed in internet on a mobile phone and a pc screen. The U.S. leads the world in confirmed COVID-19 coronavirus cases, according to media as of 27 March 2020. The World Health Organization declared the coronavirus a global pandemic on 11 March 2020. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
Finance
How the coronavirus crash compares with economic slumps of the last century
By Tara Patel, Ellen Proper and BloombergMarch 27, 2020
U.S. President Donald Trump speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, March 26, 2020. Trump claimed that U.S. unemployment claims would have been even worse if he hadnt restricted travel from China in late January to try to stave off the coronavirus outbreak. Photographer: Yuri Gripas/Abaca Press/Bloomberg via Getty Images
Health
‘Critical moment:’ Trump and China’s Xi pledge cooperation on coronavirus as U.S. President drops ‘Chinese virus’
By Karen Leigh and BloombergMarch 27, 2020
A passenger aircraft, operated by Deutsche Lufthansa AG, sits grounded on the closed north west runway at Frankfurt Airport, operated by Fraport AG, in Frankfurt, Germany, on Thursday, March 26, 2020. Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. Photographer: Alex Kraus/Bloomberg via Getty Images
Travel & Leisure
Medicine, phones and strawberries: As passengers drop 90%, desperate airlines convert to cargo to stay afloat
By Kyunghee Park and BloombergMarch 26, 2020
Fed Chair Powell vows central bank is ‘not going to run out of ammunition’ in coronavirus fight
Finance
Fed Chair Powell vows central bank is ‘not going to run out of ammunition’ in coronavirus fight
By Christopher Condon, Steve Matthews, Matthew Boesler, Rich Miller and BloombergMarch 26, 2020
The U.S. Capitol building stands illuminated at night in Washington, D.C., U.S., on Wednesday, March 25, 2020. The U.S. Senate approved a historic $2 trillion rescue plan to respond to the economic and health crisis caused by the coronavirus pandemic, putting pressure on the Democratic-led House to pass the bill quickly and send it to President Donald Trump for his signature. Photographer: Al Drago/Bloomberg via Getty Images
Politics
Winners and losers in Congress’s $2 trillion coronavirus stimulus package
By BloombergMarch 26, 2020
20 March 2020, North Rhine-Westphalia, Viersen: A ventilator is placed next to an intensive care bed in the Viersen General Hospital. The hospital has created additional capacities of intensive care beds and ventilators due to the corona crisis. Photo: Roland Weihrauch/dpa (Photo by Roland Weihrauch/picture alliance via Getty Images)
Health
World ventilator demand is now 10 times what’s available, says China’s top medical device maker
By Jinshan Hong, Dong Lyu and BloombergMarch 25, 2020
BARCELONA, SPAIN - MARCH 22: A cyclist Uber delivery rides his bike at Passeig de Gracia boulevard empty of visitors, tourists and no traffic on March 22, 2020 in Barcelona, Spain. The coronavirus (COVID-19) pandemic has spread to at least 182 countries, claiming over 10,000 lives and infecting hundreds of thousands more. (Photo by Miquel Benitez/Getty Images)
Leadership
The ‘gig economy’ rarely offers benefits. Now Uber and Airbnb are lobbying Congress to bail out their suppliers
By Eric Newcomer and BloombergMarch 25, 2020
WASHINGTON, DC - MARCH 24: Treasury Secretary Steven Mnuchin (C) leaves the offices of Minority Leader Charles Schumer (D-NY) as negotiations continue into the night on a $2 trillion economic stimulus in response to the coronavirus pandemic at the U.S. Capitol March 24, 2020 in Washington, DC. After days of tense negotiations -- and Democrats twice blocking the nearly $2 trillion package -- the Senate and Treasury Department appear to have reached important compromises on legislation to shore up the economy during the COVID-19 pandemic. (Photo by Chip Somodevilla/Getty Images)
Politics
Trump and Senate agree on $2 trillion rescue deal that includes cash handouts and stock buyback ban
By Josh Wingrove, Laura Litvan, Steven T. Dennis and BloombergMarch 25, 2020
BLOOMINGTON, UNITED STATES - MARCH 23, 2020: First responders from IU Health Bloomington hospital pick up a woman at the corner of 1st St and S. Walnut St who was sitting slumped over, and was saying she was having trouble breathing, and other COVID-19/Coronavirus symptoms in Bloomington, Ind. Police officers stood by after making first contact with the woman before emergency workers arrived in personal protective equipment to help the woman, putting her on a stretcher, and loading her into an ambulance.- PHOTOGRAPH BY Jeremy Hogan / Echoes Wire/ Barcroft Studios / Future Publishing (Photo credit should read Jeremy Hogan / Echoes Wire/Barcroft Media via Getty Images)
Health
How doctors are using social media to develop coronavirus treatments in real time
By Michael Smith, Michelle Fay Cortez and BloombergMarch 24, 2020
London Kentucky gas prices
Energy
‘Can’t even give it away:’ Gasoline drops below $1 a gallon as U.S. economy locks down
By Jeffrey Bair, Jackie Davalos and BloombergMarch 24, 2020
U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks outside of her office on Capitol Hill in Washington, D.C., U.S., on Monday, March 23, 2020. Pelosi said House Democrats will introduce their version of the stimulus package to respond to the coronavirus, offering an alternative to the bill currently under discussion in the Senate. Photographer: Andrew Harnik/AP Photo/Bloomberg via Getty Images
Politics
House Speaker Pelosi unveils $2.5 trillion Democrat coronavirus stimulus plan as Senate bill stagnates
By Erik Wasson, Laura Davison and BloombergMarch 24, 2020
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Wednesday, Feb. 12, 2020. SoftBanklost money in its Vision Fund, the Japanese company posted a record. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images)
Finance
SoftBank announces $41 billion asset sale to face coronavirus rout—and silence critics
By Pavel Alpeyev, Takahiko Hyuga and BloombergMarch 23, 2020
NEW YORK, USA - MARCH 22: Famous Charging Bull Statue is seen lonely at the Financial District in New York, United States on March 22, 2020. The "New York State on PAUSE" that executive order is in effect at 8 p.m. Sunday night, March 22nd. All citizens are required to stay home except to buy their needs as medical or necessary supplies. New York has reached to 17,000 Covid19 cases as of today. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)
Finance
30% GDP drop: Morgan Stanley joins Goldman Sachs in upping estimates of coronavirus economic pain
By Simon Kennedy and BloombergMarch 23, 2020
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, left, speaks to members of the media in the U.S. Capitol in Washington, D.C., U.S., on Sunday, March 22, 2020. Senate Democrats blocked McConnell's attempt to advance a coronavirus economic rescue package Sunday after leaders in both chambers disagreed on how to spend nearly $2 trillion. Photographer: Sarah Silbiger/Bloomberg via Getty Images
Politics
‘We’re fiddling here:’ Coronavirus bailout bill paralyzed as Senate spars over big corporate aid
By Steven T. Dennis and BloombergMarch 23, 2020
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