The nature of poverty in rich countries has changed. The sort of material deprivation common in developing nations is effectively a thing of the past. But millions of Americans lead precarious lives — always on the verge of getting evicted, not knowing where their next meal will come from, or unsure how they’ll be able to generate an income. This ...

Bloomberg US equity futures tumbled alongside stocks in Europe and Asia on Monday as concerns mounted about the ability of authorities to keep the coronavirus from spreading further beyond China. Havens including Treasuries and gold jumped. Contracts on the three main US stock benchmarks were all down more than 2%, with those on the S&P 500 Index pointing to the ...

Bloomberg European equities haven’t had such a bad day in more than three years as increasing concerns over the economic impact of the coronavirus hurt travel and luxury sectors. The Stoxx Europe 600 Index fell as much as 3.6%, the most since June 2016, led by the auto, mining and travel sectors. Luxury companies tumbled on fears that the epidemic ...