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Bloomberg JetBlue Airways Corp expects to slash flights 70% next month and deeper cuts are likely in the carrier’s home base in New York, as the spread of coronavirus erases travel demand. Daily departures will fall to 300 from about 1,000, JetBlue said. Flights leaving New York-area airports are slated to tumble to 60 but may dip to as few ...

Bloomberg Coronavirus-driven stockpiling by Britons girding for a nationwide lockdown lifted UK grocery sales to a record in March, according to research firm Kantar. Supermarket sales grew by 7.6% in the past 12 weeks, the fastest pace in more than a decade. That rate of increase nearly tripled over the past four weeks, making March the biggest month of grocery ...

Among western nations, Italy has been the canary in the mine of the Covid-19 epidemic. For the past month, the daily life of Italians has been marked by a dreadful combination of a rising death toll and tightening restrictions. Soon, it turned out that the rest of the world was no different: From Spain to the UK, countries have had ...

In the pre-coronavirus world, retailers big and small were in an arms race over free and fast delivery. In New York City, where I live, that meant you could get a range of items from toothpaste to batteries within 48 hours or less without paying an extra fee. Now, the wait for such items via my Amazon Prime account is ...

During the past few weeks the spreads on corporate bonds relative to Treasuries with comparable maturities have risen sharply. This kind of increase is a natural part of recessions, as investors demand more compensation for the default risks of corporate debt issuers. But a key and unusual part of the government economic response to the pandemic (and the associated recession) ...

The coronavirus crisis has thrust the world’s financial markets into extreme uncertainty. The wild swings in asset prices, along with the sudden and pervasive demand for cash, reflect people’s struggles to understand how bad things can get and how damaging the losses will ultimately be. Back in 2009, amid a similarly frightening crisis, the US discovered a novel way to ...

The US is finally starting to take a sensible and proactive approach towards the Covid-19 pandemic. After a disastrous initial failure, coronavirus testing has now risen to levels similar to or higher than South Korea. Meanwhile, although he almost succumbed to the temptation to reopen the economy before shutdowns had time to quell the epidemic, President Donald Trump has wisely ...

To have any idea whether our current social distancing efforts in the United States are helping slow the spread of coronavirus, and to gauge how long we should go on this way, scientists need to know how many people have mild or asymptomatic cases of Covid-19. There could be many such people. Since their symptoms are vague and possibly non-existent, ...

It’s not just manufacturing that’s struggling with disrupted logistics. As more countries bring down the shutters to limit the spread of the coronavirus, risks are rising for the world’s complex food supply networks. Snarl-ups in processing and transport could result in painful price spikes for many fresh goods, even if farms in developed markets can keep working through the outbreak. ...

Bloomberg President Donald Trump said he’s concerned oil prices have fallen too far and called Vladimir Putin on Monday to discuss Russia’s oil-price war with Saudi Arabia. The leaders, who also talked about the spread of the coronavirus, agreed to discussions on oil between energy officials in the two countries, according to the Kremlin. Both leaders “agreed on the importance ...