CNBC World News

Carrie Lam said about 90% of new confirmed cases in Hong Kong in recent weeks have been imported.

Stocks in Asia Pacific were mixed on Tuesday as they seesawed after shares on Wall Street plunged to their biggest day drop in more than three decades overnight, and the Philippines shut its markets temporarily.

CNBC's Julianna Tatelbaum argues why it's time that stock markets were shut for two weeks to allow the business community to adjust to the new reality brought on by the coronavirus.

While the situation might have been worse without the Fed's moves, the measures "clearly didn't stabilize the stock markets," said Joseph Stiglitz, a Nobel laureate economist.

Central banks have announced measures in recent months to tackle heightened global volatility and the economic fallout from the COVID-19 pandemic.

Solar is not the only renewable energy sector to be affected by the coronavirus.

As the coronavirus pandemic continues to grip economies across the globe, few industries have been left untouched by the fallout, and that's having huge implications not only for the workforce but also the recruitment process.

Amazon said it was having trouble delivering items on time due to a rise in online shopping amid the coronavirus outbreak.

"I think that tells us that we can see the same thing wash through the economy here," Dow Inc. CEO Jim Fitterling told CNBC's Jim Cramer.

"What's happening right now (is) we're starting to price in the reduction in earnings for 2020 and the possibility now of a recession," said Anthony Scaramucci, founder and co-managing partner of Skybridge Capital.

At first, retailers were most concerned about manufacturing facilities being disrupted by COVID-19 in China, where the virus originated. Now, in the midst of a global pandemic, this is a much bigger issue than China.

As of Monday, more than 181,000 cases of coronavirus have been reported, resulting in at least 7,100 deaths.

San Francisco reported 40 confirmed COVID-19 cases as of Monday morning, according to the city's department of health.

Airlines are slashing capacity around the world to confront the collapse in bookings as coronavirus spreads.

A measure of fear in stocks just topped the levels during the financial crisis more than a decade ago.

President Donald Trump announced a strict set of guidelines for Americans to follow for the next 15 days to try to "slow the spread" of the growing coronavirus pandemic.

The patient is in good condition and is isolated to prevent the spread of the infection to others, the CDC says.

The trial is taking place at the Kaiser Permanente Washington Health Research Institute in Seattle, Washington, where cases have surged in recent weeks.

President Emmanuel Macron of France said people may leave their homes only for essential duties, beginning midday Tuesday. "We are in a health war," Macron said.

Canada is closing its borders to noncitizens because of the coronavirus pandemic, Prime Minister Justin Trudeau announced Monday.