Global coronavirus cases have surpassed 200,000 Wednesday morning and more than 8,200 have lost their lives since a novel virus appeared in the Hubei province of China late last year.
According to a tally kept by Johns Hopkins University, more than 82,000 people have recovered from the virus.
As of 9 a.m. Wednesday, China tops the list with 81,102 cases, Italy has the second-highest number of cases with 31,506 and Iran comes next with 17,361.
All 50 states in the U.S. are now linked to the virus, with nearly 6,500 confirmed cases around the nation. West Virginia was the last state to report a coronavirus case Tuesday afternoon.
At least 100 people have died in the U.S., linked to the virus’s outbreak. Thirty of those individuals are linked to the Life Care Center in Kirkland, Wash., one of the first hotspots of community spread in the nation.
As test production ramps up around the nation, those numbers are expected to rise.
The airlines announced the cuts Tuesday morning after markets suffered their biggest drop since the 2008 recession. The shock came as demand for flights sunk worldwide.
These are the headlines you Need 2 Know for Tuesday, March 10, 2020.
The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets. The sharp drops triggered the first automatic halts in trading in two decades.
Officials at the World Health Organization said Monday that of about 80,000 people who have been sickened by COVID-19 in China, more than 70 percent have recovered and been discharged from hospitals.
Stocks are falling sharply Monday on Wall Street on a combination of coronavirus fears and plunging oil prices, triggering a brief, automatic halt in trading to let investors catch their breath.
Lenore Hawkins, chief macro strategist for Tamatica Research, told Cheddar that the combination of the COVID-19 outbreak and the oil price war between Saudi Arabia and Russia is an unprecedented set of circumstances for investors.
The Dow Jones Industrial Average plummeted 1,500 points, or 6%, following similar drops in Europe after a fight among major crude-producing countries jolted investors already on edge about the widening fallout from the outbreak of the new coronavirus.
These are the headlines you Need 2 Know for Monday, March 9, 2020.
MindMed became the first publicly listed psychedelics company in the world after kicking off trading on the Canadian stock exchange NEO this week.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
