The U.S. stock market was an accident waiting to happen as valuations were historically excessive before the coronavirus struck. Moreover, markets are very distorted due to all the government intervention and the Federal Reserve’s extraordinary monetary policy since the Great Financial Crisis (GFC). The traditional economic signals extracted from the financial markets are no longer …
After locking down large parts of the country to prevent the spread of the coronavirus, total mobile phone sales fell 54.7% to 6.34 million down from 14 million in February 2019. It was also the lowest level for February since at least 2012 when China Academy of Information and Communications Technology showed (CAICT) started publishing …
Auto sales in China, the world’s largest passenger car market, fell 80% in February because of the coronavirus epidemic, one of the country’s industry associations said on Wednesday. The China Passenger Car Association (CPCA) said in a statement that China’s overall passenger car sales dropped 80%, without giving a full sales figure for the month. …