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The virus situation worsened in the U.S., with new COVID-19 cases hitting a record more than 152,000 on Wednesday alone, according to data from Johns Hopkins University and Bloomberg.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid (Brendan McDermid / reuters)
The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion, UBS says. In commodities, bonds, and crypto: West Texas Intermediate crude inched lower to $68.46 a barrel.
Economic turmoil associated with the COVID-19 pandemic has had wide-ranging and severe impacts upon financial markets, including stock, bond, and commodity (including crude oil and gold) markets. Major events included a described Russia–Saudi Arabia oil price war , which after failing to reach an OPEC+ agreement resulted in a collapse of ...
A PNAS report in September 2020 confirmed that the virus is much more dangerous for the elderly than the young, noting that about 70% of all U.S. COVID-19 deaths had occurred to those over the age of 70. [94] As of early August 2020, among the 45 countries that had over 50,000 cases, the U.S. had the eighth highest number of deaths per-capita.
On 27 February, due to mounting worries about the COVID-19 pandemic, stock markets in Asia-Pacific and Europe saw 3–5% declines, [92] [93] with the NASDAQ-100, the S&P 500, and the Dow Jones Industrial Average posting their sharpest falls since 2008 (and the Dow falling 1,191 points, its largest one-day drop since the financial crisis of 2007 ...
Stocks are drifting on Wall Street Monday ahead of a week with updates on where inflation and corporate profits are heading. The big question hanging over Wall Street is whether the U.S. economy ...
The Korean economy exhibited relatively low real GDP growth prior to the spread of the virus caused by COVID-19 (1%). The already sluggish economy led Korea to experience a contraction of its real GDP during the first half of 2020, with a decline of 1.28% in the first quarter and a contraction of 2.74% in the second quarter, indicating a recession.