The fight against the coronavirus outbreak has disrupted the lives of millions of Americans, with some of its biggest cities closing schools, theaters, bars and restaurants, with the exception of take-out service.

More than 3,700 people have tested positive for the new COVID-19 disease in the U.S. and at least 71 have died. Globally, the death toll was just over 6,500 on Monday, with the weekend seeing an alarming spike in fatalities in three European nations grappling with aggressive outbreaks. While more than 169,000 people have caught the virus around the world, almost half have already recovered, and the vast majority of cases remain mild.

In a bid to shore up confidence, the world’s biggest central banks, led by the U.S. Federal Reserve, slashed interest rates over the weekend and announced significant infusions of cash. But those steps failed to stop the sell-off: Shares …continued .
[Source: CBS News]