In addition to the immeasurable suffering and loss of life, the deadly coronavirus is already impacting the world economy, hurting stocks, halting travel and meetings, impacting the daily ritual of going to the office, and quarantining millions. Businesses worldwide are feeling the effect of these changes in behavior, and economists are predicting the virus will […]
The coronavirus is battering the economy and creating uncertainty about future demand. The global economy is forecast to contract by 3 billions of employees, customers and consumers are unable to leave their homes, travel, shop or in some cases work. This has paralyzed entire industries, although created opportunities for others.
In early 2000, a five-year-old online bookseller called Amazon.com sold $672 million in convertible bonds to shore up its financial position. One month later, the dot-com bubble burst. More than half of all digital start-ups went out of business over the next few years—including lots of Amazon’s then-rivals in e-commerce. Had the bubble burst just a few weeks […]