Data from the Federal Reserve Bank of St. Louis reveals volatility spiking abnormally in mid-February, as global panic surrounding the outbreak starts to set in. Such volatility has led company borrowers, who have been looking to reap the benefits of favorable credit situations to refinance loans, to withdraw their loans from the market and await stabilization. According to the Harvard Business Review, volatility “has signaled the greatest strain” on the valuation of risk assets, organising volatility ranges on par with the most main economic disruptions of the final three decades—barring the 2008 monetary crisis. Second, when companies are forced to shut, employees probably will receive much less cash than they…

Two new reviews take a glance at the adjustments wrought by COVID-19 within the United States and assess their long-term results. In Our Asian Voices, a new feature, 72 Asian colleagues at McKinsey increase their voices and share their stories—on what Asian identity means, what allies can do to assist them, and how they are processing this second. Our Author Talks series features the writers of one of the best new enterprise books; on this week’s version, Saadia Madsbjergspeaks on earning money moral. For its part, China responded more quickly to the coronavirus outbreak than it did with SARS, using unprecedented confinement measures in areas corresponding to Wuhan. These measures,…