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What the new coronavirus means for America's busiest port complex

Mar 5, 2020
"We've had 41 vessel cancellations from the middle of February through April 1," said Gene Seroka, executive director of the Port of Los Angeles.
The Port of Los Angeles, the nation's busiest container port, in November 2019.
Mario Tama/Getty Images

In COVID-19 outbreak, IMF urges coordinated action

Mar 5, 2020
The IMF had a call with 189 member countries Tuesday to discuss a coordinated response to COVID-19.
IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass bump elbows instead of shaking hands at a press briefing on COVID-19 in Washington, D.C., on March 4, 2020.
Nicholas Kamm/AFP via Getty Images

Los Angeles businesses feel sting of COVID-19 travel restrictions

Mar 5, 2020
The city welcomed more than 1 million visitors from China in 2019.
A woman wears a face mask at Los Angeles International Airport (LAX) on March 2, 2020.
Frederic J. Brown/AFP via Getty Images

OPEC, Russia discuss large oil supply cuts in "demand emergency"

Mar 4, 2020
There was talk that OPEC and Russia might together cut the world's supply of oil by one million barrels a day.
Joe Klamar/AFP/Getty Images

Airlines are bracing for more coronavirus disruption

Mar 4, 2020
IATA, which speaks for airlines, wants them to be released from minimum airport usage requirements.
Passengers wear face masks to protect against the spread of the COVID-19 as they arrive at LAX airport on Feb. 29.
Mark Ralston/AFP via Getty Images

COVID-19 makes life for migrant Chinese workers even more difficult

Mar 4, 2020
The nearly 170 million Chinese who travel a long way to work are having a tough time returning to their jobs because of quarantine areas.
Migrant workers wearing masks walk to their buses in Jiangxian County, in China's Guizhou province, before departing to return to their jobs in Guangxi region.
STR/AFP via Getty Images

For America's uninsured, COVID-19 will present extra challenges

Mar 4, 2020
Americans without insurance are less likely to seek medical care.
A researcher works in a lab that is developing testing for the COVID-19 coronavirus on Feb. 28, 2020 in Nutley, N.J.
Kena Betancur/Getty Images

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Investors seek safe havens as markets, bond yields fall

Mar 4, 2020
The yield on the benchmark 10-year Treasury dipped below 1% Tuesday.
With yields this low, you’d think investors would be running away from bonds. But not everyone is.
Spencer Platt/Getty Images

What if the economy needs more than the Fed can give it?

Mar 3, 2020
The U.S. government may need to spend its way out of a coronavirus-induced slowdown.
Federal Reserve Chair Jerome Powell announced an interest rate cut of half a percentage point Tuesday.
Scott Olson/Getty Images

What central banks were really saying about their response to COVID-19

Mar 3, 2020
When it comes to the global economic outlook, words matter.
Stocks fell on Wall Street as global concerns over the financial impact from the coronavirus drove investments down.
(Photo by Spencer Platt/Getty Images)