Economic Recovery Hinges on Coronavirus Antibody Tests: That’s a Big Problem

Coronavirus antibody tests offer a potential way to restart the economy without fully eradicating Covid-19. But questions about their accuracy and viability could throw a wrench in those plans. For now, the only plausible way to return to life as normal is a vaccine– and that’s still years away. The race to reopen the global economy is on. Policymakers around the world are looking for ways to restart business activity and avoid further damage without reigniting coronavirus outbreaks. With the prospect of a vaccine looking unlikely for at least 18…

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night. We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and…

2.7 Billion Workers Impacted By Coronavirus, But That’s Just the Tip of the Iceberg

A new study from the International Labor Organization reveals the staggering rate of global unemployment. Over 2.7 billion workers are currently unable to work due to the coronavirus crisis. Projected workforce losses are expected to far exceed the 2008-09 financial crisis. According to a new study from the UN’s International Labor Organization (ILO), 2.7 billion people are currently unable to work due to the global pandemic occurring. A total 3.3 billion people are in the workforce, so it’s staggering that 2.7 billion are currently out of employment. That is more…

Elon Musk Looks Foolish as Tesla Cuts Salaries After Dumb Coronavirus Tweet

A month ago, Elon Musk tweeted that the panic over the novel coronavirus is dumb. Now, Tesla is implementing cost-cutting measures. Tesla’s shares have also nosedived since Musk’s infamous tweet. In March, Tesla chief executive Elon Musk downplayed the coronavirus threat and tweeted that the panic over the virus is “dumb.” A month later, the electric vehicle company is scrambling to manage the impact of the pandemic. Your employees probably don’t share your view. | Source: Twitter Tesla is now forced to place many of its 50,000-strong labor force on…

OnChain Capital’s Coronavirus Relief Fund ‘Overwhelmed’ by Applicants

Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications. Cointelegraph spoke to Ran Neuner, host of CNBC Africa’s Crypto Trader and co-founder of both OnChain Capital and Runway Fund, to find out more about the project’s plans to assist struggling start-ups. The fund is open to applications from startups in all jurisdictions and has received 400 submissions from startups worldwide in only two weeks. Neuner states that the…

WHO Failed the World With the Coronavirus Pandemic

Donald Trump criticized the World Health Organization (WHO) for a variety of failures on coronavirus. Trump may have been deflecting, but the WHO repeatedly failed in its handling of the Covid-19 outbreak. Coupled with ‘egregious failures’ on the 2014 Ebola outbreak, the WHO’s role in international public health needs to be reassessed post-coronavirus. Donald Trump has slammed the World Health Organization’s failures on the coronavirus. In a tweet, the U.S. president scolded the Organization for being overly “China-centric” in its response to the Covid-19 outbreak. He even threatened to reduce…

Coronavirus Stimulus Fueled a Mortgage Debt Time Bomb That Could Explode in July

The number of people requesting a break from their mortgages has skyrocketed. Even in the improbable event that figure doesn’t rise any more, it’s a staggering amount of debt that’s on hold. Those who are using the mortgage forbearance program won’t have the capacity to pay off their missed payments. Coronavirus has created the sharpest drop-off in employment rates the U.S. has ever seen. Those job losses are now translating into a shocking rate of unpaid mortgages that are about to come crashing down. Under the federal government’s coronavirus relief…

What if Coronavirus Never Ended the Bull Market?

Most would agree that stock markets entered a bear market in mid-March, as indices plunged more than 20% from their peak. Ritholtz argues that the bull market that started after the financial crisis has never ended. Even if we are still in a bull market, it might end soon as the economy stares down depression. Some analysts believe the stock market has already bottomed. But what if the bull market never actually ended? After the sudden collapse of the stock markets in mid-March, the general assumption was that not only…

Slowing Coronavirus Death Toll Coincides With Surging S&P 500

The S&P 500 is flashing signs of strength after a drop in the daily death toll in coronavirus hot spot New York. The doubling time of death for many large states is significantly improving. A V-shaped recovery for the S&P 500 seems very unlikely, though. The S&P 500 surged over 7% on Monday as investors found their appetite for risk renewed. News broke out that New York, the country’s largest coronavirus hot spot, saw a significant drop in the daily death toll. After Monday’s furious rally, the bellwether index is…

How Cointelegraph Team Is Coping With the Coronavirus Crisis All Over the World

The coronavirus pandemic has been changing the global economy, our lifestyle, our ways of interacting with each other and our vision of the future. The Cointelegraph team keeps working from home offices, and all the events we planned to participate in have been canceled. But there is still a lot that is happening in the crypto and blockchain field that needs to be covered, so the work keeps us occupied, and that helps us keep our spirits up. The impact of the quarantines and economic restrictions is felt throughout all…