Shutdown measures must be coupled with massive federal government support to sustain the population through isolation and prime the economy to pick up where it left off, Bullard says.
The number of people who have tested positive for the coronavirus, or COVID-19, has crossed 300,000 as the disease continues to spread around the world.
With medical supplies strained by the coronavirus outbreak, health care professionals and technologists are coming together online to crowdsource repairs and supplies of critical hospital equipment.
With California residents now forced to stay home, tech execs are having to mix their personal and professional lives in new and sometimes awkward ways.
"The bailout requests are mind-boggling," said Dennis Kelleher, chief executive of advocacy group Better Markets. "And it's going to be a matter of whose going to win and who's going to lose."
The U.S. should rally the seven leading industrial democracies, the European Union, NATO and, perhaps most importantly, the G-20, in a collective fight against the coronavirus, Atlantic Council CEO Frederick Kempe writes.
The coronavirus pandemic has upended many people's lives, forcing policies like social distancing. Gyms and online platforms are offering free streaming workout courses.
Finding the market's bottom involves creating a framework to assess the implicit assumptions in the market, the business sustainability, cash flow and balance sheets of the companies in which we invest.
"We have a chance to stimulate our economy by taking care of Americans who need it the most. We need to match the scope of this crisis with bold solutions that invest in our country's future," write U.S. Sens. Elizabeth Warren and Ron Wyden
College students will miss graduations and have been denied opportunities to study abroad, but others have no home to go to and can't afford housing during the coronavirus pandemic.
In their efforts to grow volumes and grow the next generation of loyal buyers, premium automakers such as BMW and Mercedes-Benz, are selling cheaper vehicles.