Coronavirus could disrupt tourism, iPhone supply

McClatchy files Chapter 11 bankruptcy after pension woes

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The coronavirus casts a widening shadow across the U.S. economy.

The outbreak in China is dampening visits by Chinese tourists, raising the prospect of shortages and price increases for iPhones and other products, and disrupting parts deliveries for carmakers.

“It’s consequential,” Diane Swonk, chief economist of Grant Thornton, says of shipment delays and product shortages. “It’s going to happen.”

The effects on the economy and commerce have been modest, but the toll is likely to grow if factory shutdowns in China persist and the outbreak continues to spread rapidly. Chinese authorities say the number of new cases has dropped, but global health officials are cautious, noting thousands of infections could go undetected.

The number of coronavirus cases worldwide has surged to nearly 75,300, mostly in China, and the death toll has topped 2,000. There have been 29 cases in the USA.

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.