Bloomberg Last week was an expensive one for most investors, even for billionaires. The combined fortunes of the world’s 500 richest people fell by $444 billion as the coronavirus continued to spread — and spread fear — rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%, the biggest five-day slide since the depths of the 2008 …

Bloomberg The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound. Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many are rethinking that optimism as swathes of Chinese factories …

Bloomberg President Donald Trump said it was “about time” the Federal Reserve acted like a “leader” and lowered interest rates, whether such a move was related to the coronavirus-driven stock market plunge or not. “If you look at the Fed, it has a massive impact, lots of it is psychological and lots of it is fact,” Trump said at a …