CNBC World News

Measures taken by authorities globally to slow the spread of the new coronavirus have compounded the outbreak's hit on the economy, with many experts now warning of a recession.

Passengers arriving in Hong Kong must wear a bracelet and download a smartphone app, as the city tries to reduce the spread of the coronavirus.

The White House is weighing a fiscal stimulus package worth anywhere from $850 billion to more than $1 trillion, part of which could include direct payments to Americans, a source told CNBC.

Revolut, one of Europe's biggest fintech (financial technology) firms, has launched a "money management" product for children.

Those bonds, issued by the World Bank's International Bank for Reconstruction and Development in 2017, were designed to pay out funds to countries which need help to contain a pandemic.

The White House is seeking a stimulus package worth anywhere from $850 billion to over $1 trillion in a bid to battle the economic impact from the coronavirus pandemic.

Lobbying groups representing the country's travel and tourism industry met the White House on Tuesday to meet with President Donald Trump and other officials to discuss the devastating economic impact of the pandemic.

"We are making significant progress and very, very fast," said J&J's chief scientific officer, Dr. Paul Stoffels.

As of Tuesday, more than 190,000 cases of coronavirus have been reported across the globe, resulting in at least 7,890 deaths.

DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that there's a 90% chance the United States will enter a recession this year.

The Federal Reserve will now conduct daily repo operations of $500 billion through Friday, with each one running from 1:30 p.m. to 1:45 p.m.

Secretary of Defense Mark Esper said Tuesday from the Pentagon press briefing room that 1 million respirator masks would be made available immediately.

Stocks surged as Wall Street cheered White House plans that could inject $1 trillion into the U.S. economy to cushion the coronavirus blow.

Analysts say the beauty industry tends to be resilient during economic downturns, but it's unclear how social distancing and working from home could change customers' shopping habits.

The International Olympic Committee reaffirmed its commitment to push ahead with the 2020 Summer Olympics in July without delay, but officials and potential participants are starting to get skeptical.

Investors are likely viewing Lyft and Uber more as travel stocks, however, placing them in one of the segments hardest hit by the coronavirus.

Some of the hottest stocks of the last couple years have been the hardest hit in recent weeks.

The benchmark 10-year Treasury yield popped to above 1% after CNBC reported the White House is weighing a fiscal stimulus package of more than $1 trillion to offset the negative economic impact from the coronavirus.

Video calling company Zoom is hot in the coronavirus-induced work-from-home craze. Cisco's Webex is getting major user growth too, but isn't bragging as much.

Dozens of companies and public labs around the world are working to develop a vaccine to prevent the spread of the flu-like virus.