(Bloomberg) — China’s factory activity fell to the weakest level on record after weeks of closures caused by the coronavirus outbreak, while the number of cases in South Korea continued to soar.California had its second infection from an unknown origin. The U.S. raised its travel advisory for virus-hit Italy. Federal Reserve Chairman Jerome Powell said the U.S. central bank is prepared to cut interest rates.As U.S. equities suffered their worst week since the financial crisis, President Donald Trump said his administration is prepared for “the worst.” Acting White House Chief of Staff Mick Mulvaney said school closures in the U.S. …read more
Source:: Yahoo Finance
