Airlines and retailers are pleading for aid as Congress and the White House continue to negotiate a rescue package.
General Motors, Ford, Rolls-Royce and other companies are talking to governments about converting idled factories to make vital goods to fight the coronavirus such as ventilators and surgical masks.
When President Donald Trump speaks, financial markets gyrate and quiver in real time.
With the duration of the viral outbreak unknown, major corporations are piling up cash to ride it out.
Stocks sank to their worst week since the financial crisis of 2008 as traders went into full retreat out of fear that the coronavirus will plunge the U.S. and other major economies into deep recessions.
The coronavirus pandemic has turned everything on its head in the global economy, not least in Britain where the center-right Conservative government effectively socialized large chunks of the private sector and shut down the pubs.
Grocery store chains and other retailers are easing the fears of senior citizens over the coronavirus by reserving shopping times exclusively for them.
The Hong Kong low-cost airline HK Express, part of the Cathay Pacific Group, is suspending all flights through the end of April due to falling demand from the coronavirus outbreak.
The rapidly deteriorating health of the financial markets is being driven by a contagion of fear and uncertainty about a global pandemic that’s infecting the economy in ways that seemed unfathomable just a month ago.
Seven Middle Eastern countries have suspended all commercial flights due to the fast-spreading new coronavirus.