Jefferies Group CFO has died from coronavirus complications, becoming the first high-profile financial leader to fall victim to the pandemic

Peregrine "Peg" Broadbent, the chief financial officer of Jefferies Group LLC, has died from coronavirus complications.  The financial-services company said in a statement that Broadbent had served as CFO since 2007 until his death.  The executive's death marks the first among high-profile financial figures as the outbreak has been linked to illnesses and deaths among famous names in entertainment, media, and hospitality.  Visit Business Insider's homepage for more stories.

Peregrine...

Caught Between Herd Immunity And National Lockdown, Holland Hit Hard By Covid-19 (Update)

The case fatality rate in the Netherlands of 6.3% stands in stark contrast to its neighbor Germany’s 0.6%. The Netherlands, with a younger overall population and one that is almost 5 times smaller than Germany’s, has 60% more deaths.

Crippled By Coronavirus, Waffle House Faces A Harsh Reality: ‘We’ve Never Seen Anything Like This’

Waffle House Chairman Joe Rogers, Jr.: “There's Wall Street and there's Main Street. The economy is Main Street. Where the people are. We don’t do Wall Street.”

Fauci Predicts Up To 200,000 Deaths And 'Millions' Infected In U.S.

I would say between 100,000 and 200,000 cases?...excuse me, deaths.”

MORGAN STANLEY: Buy these 11 stocks, which have been dominant throughout history following recession-driven bear markets

Mike Wilson, chief US equity strategist for Morgan Stanley, says it's a good time for investors to take a look at strong companies that will benefit from an economic recovery. That's because recessions historically come at the end of bear markets, not their beginning. That means the official onset of a recession, which is expected soon, could be good for stocks. Wilson and his team reviewed stocks with high ratings that outperformed after recent recessions, and they think they'll likely do...

Stocks are trading like they did early in the financial crisis — and it's proof to one Wall Street equity chief that the coronavirus crash will worsen

The stock market's decline during the 2008 financial crisis is similar to its current trajectory, according to Lori Calvasina, the chief US equity strategist at RBC Capital Markets. The parallels — combined with investor sentiment that is far from capitulating — signal that more losses are coming, she said.  Click here for more BI Prime stories. 

Last week brought the stock market's best three-day streak since the 1930s. 

It was a relief after several weeks of record-setting moves...

The recession alphabet: How analysts are using letters to project the economy's recovery from coronavirus

Economists say the US economy is either entering a recession or already in one, but the way it rebounds could take several forms. Experts have turned to the alphabet to describe how GDP, company profits, and stock prices could return to higher levels or stay mired in virus-induced lows. A V- or U-shaped recovery relies on effective containment of the outbreak and ample stimulus from the government and the Federal Reserve, Seema Shah, chief strategist at Principal Global Investors, said. A...

The recession alphabet: How analysts are using letters to project the economy's recovery from coronavirus

Economists say the US economy is either entering a recession or already in one, but the way it rebounds could take several forms. Experts have turned to the alphabet to describe how GDP, company profits, and stock prices could return to higher levels or stay mired in virus-induced lows. A V- or U-shaped recovery relies on effective containment of the outbreak and ample stimulus from the government and the Federal Reserve, Seema Shah, chief strategist at Principal Global Investors, said. A...

An unprecedented wave of layoffs, what you need to know about the stimulus bill, and what comes next

Hello!

This was the week that the economic toll of the coronavirus pandemic really became clear.

On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high. As Joseph Zeballos-Roig reported, the true unemployment number is likely much higher. 

The scale and speed of the surge in unemployment is striking. For many in corporate America, the dramatic turn of events has meant layoffs via virtual...

$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn't impacted by the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn't be affected by the coronavirus.  The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients. Executives impacted included the chief marketing officer. ZipRecruiter last raised $156 million...

How A Little Island In The Caribbean Sea Is Standing Up To The Goliath Of Coronavirus

Cayman Islands' Premier, the Honourable Alden McLaughlin, has a reason to be proud. With just 8 cases of COVID-19 and one death, there have been no confirmed instances of community transmission in the Cayman Islands— all positive cases have been connected to travellers.

Making An N95 Mask For COVID-19 Coronavirus? What You Need To Know

With our health care system facing massive shortages of personal protective equipment including N95 face masks, many have been trying to make DIY masks.

Update: 26 States Shut Down And Counting: State-By-State Travel Restrictions

More than half of states have issued stay-at-home orders in place. At the other end of the spectrum are governors who have yet to shut down restaurants and bars. Here's a guide to the patchwork of policies.

Here’s Why You Should Be Drinking Plenty Of Water During The Coronavirus Lockdown

Drinking water is healthy for many reasons, but a new study provides one that's especially appropriate for our current circumstances.

Warnings Issued For Millions Of Microsoft Windows 10 Users

Microsoft has issued not one, but TWO serious Windows 10 upgrade warnings...

Three Mistakes Leaders Are Making During The COVID Crisis

For senior leaders, it is easier than ever to make mistakes during #COVID-19 and lose sight of the leadership lessons they’ve learned over their careers. Here are the top three:

Donald Trump And The Fed Are Destroying The U.S. Dollar

The U.S. dollar has taken a beating this week, dropping almost 4% against a basket of currencies—its biggest weekly loss since the height of the global financial crisis over 10 years ago...

Review: Netflix’s ‘Tiger King’ Is An Unmissable, Ugly Portrait Of Humanity

Never trust a cat person.

How To Thrive In Your Job And Career Despite The Coronavirus Pandemic

With the increasing and constant flow of sad news on top of these statistics, you need a boost. Here are some practical ways to stay healthy, productive and also experience career growth during this difficult time.

Trump’s Narcissistic Punishment Of Withholding Michigan Aid

As a narcissist, Trump saw this as an attack on his ego, instead of what the governors’ concerns truly are — a call for Trump to take action.