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Investors cast a wary eye on market as bad news piles up

Bloomberg The first US coronavirus death. Signs the disease is squeezing China’s economy. A possible outbreak in Washington State. Trading may have stopped, but the drumbeat of alarming headlines hasn’t. That’s making investors anxious about what happens when markets reopen. While considerable bad news has already been priced in to stocks, with the S&P 500 down 13% in seven sessions ...

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World’s richest lose $444b after hellish week for markets

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 ...

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World economy facing worst year since ‘09 amid outbreak

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 ...

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