AMERICA

Coronavirus Effect Could Be 'far Deeper Than The Subprime Crisis,' Says Mortgage Company CEO

For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Mill... Read more

Mnuchin Says He Will Ask Congress For More Small Business Loan Funding If $350 Billion Pool Runs Out

The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic. Read more

Treasury Secretary Mnuchin Says He's Having Ongoing Discussions About Infrastructure

The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill. Read more

March's ISM Manufacturing Index Is 49.1, Signaling Contraction As Coronavirus Hits Economy

U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data rele... Read more

US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says

The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more

Home Price Gains Were Strong In January, Says S&P Case-Shiller, Before Coronavirus Hit US Economy

The gains came before the coronavirus shut down much of the economy and the housing market. Now there are forecasts that... Read more

February Pending Home Sales Jump Over 9% Annually, Ahead Of Major Coronavirus Impact

Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, wh... Read more

Pence Says Economic Fundamentals Remain Strong Despite Massive Coronavirus Impact

Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic ... Read more

Coronavirus Stimulus Just Pushed Fed's Balance Sheet Past $5 Trillion For The First Time Ever

Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset... Read more

IMF Chief Georgieva Says The World Is In A Recession, Containment Will Dictate Strength Of Recovery

International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks ... Read more

US Consumer Sentiment Falls To Lowest Level In More Than 3 Years

U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to d... Read more

US Consumer Spending Rose, Inflation Was Moderate In February

U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the co... Read more

Tudor Jones Says DC Coronavirus Aid Is Biggest Fiscal-monetary 'bazooka' Ever, More Like 'nuclear Bomb'

"We did in two weeks what it took the Fed eight months to do in 2009," hedge fund manager Paul Tudor Jones told CNBC. Read more

Jobless Claims Soar Past 3 Million To Record High

The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read more

US Economy Grew At 2.1% Rate In Fourth Quarter

The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the las... Read more