CNBC World News

"I don't see how we get through this without wide-scale systemic solutions," said one top-tier investor. "We're going to have to rewrite the rules to get to the other side."

Oaktree Capital co-founder Howard Marks said the sell-off has not been a "panic" but it might be time to buy.

Fed actions over the weekend may yet prove insufficient to address the economic carnage, but that doesn't mean it won't try.

Monday's losses put the Dow down more than 31% from its all-time high and the S&P 500 and Nasdaq more than 29% below their records.

U.S. airlines are seeking government assistance of more than $50 billion, including a mix of direct aid and loan guarantees, as the industry reels from the coronavirus outbreak.

A broad EU ban on incoming travelers would further isolate regions as governments fight the spread of the coronavirus.

Fiat Chrysler and French automaker PSA Group are ending production at many European plants through March 27 due to the coronavirus.

Stocks tanked on Monday, triggering a key market-wide "circuit breaker" designed to prevent the market from falling through the floor.

Italy on Monday adopted an emergency decree worth 25 billion euros ($28 billion) to support an already weak economy battered by the worst outbreak of coronavirus in Europe.

Gold has been swept up in the broad market sell-off to fall below $1,500 on Monday, down $200 from its peak early last week.

"The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said.

Actor Daniel Radcliffe says that he was told by his dresser on the set of the Harry Potter films, that "money should give you room to maneuver in your life."

John Gieve, former deputy governor at the Bank of England, said COVID-19 would be "something we've got to get used to over a period of years."

The Treasury secretary told CNBC's Jim Cramer there will be a surge in demand for stocks once the coronavirus threat abates.

The jump in unemployment was just one of several data points released Monday that showed how severely the coronavirus has hit growth in the world's second-largest economy.

Becky Wass created a postcard stating "Hello! If you are self-isolating, I can help," with space for people to fill out their contact details and whether they would like help with shopping, posting mail or simply a phone call.

The International Monetary Fund said it "stands ready" to use its $1 trillion lending capacity to help countries around the world.

European markets plunged on Monday as much of the region went into shutdown mode to prevent the spread of the new coronavirus.

Though Berlin is not the first European capital to impose border restrictions, the move marked a U-turn in Chancellor Angela Merkel's policy.

Demand for oil will likely be negative in 2020, adding further downward pressure to plummeting prices, according to BP CFO Brian Gilvary.