CNBC Business

European markets gave up early gains Tuesday despite the fast-spreading coronavirus shutting down the continent and fueling fears of an impending recession.

Morgan Stanley warned investors on Tuesday that the coronavirus pandemic is fundamentally disrupting the world's economy.

The rapid spread of the virus across the country have prompted local and state officials to roll out stringent mitigation policies.

As coronavirus continues to cancel events, limit group gatherings and curtail travel, freelancers are feeling the financial impact. Here are five actions the self-employed should take right now to mitigate the blow from unforeseen crises like COVID-19.

World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak in Europe.

The Union of European Football Associations (UEFA) has postponed the Euro 2020 soccer tournament as a result of the coronavirus pandemic.

For this year's high school seniors, the coronavirus outbreak will have an indelible impact on their future college life, a new report shows.

Actor Tom Hanks and his wife, Rita Wilson, have been released from an Australian hospital after being treated for the coronavirus.

McDonald's said Tuesday it may offer some franchisees rent deferrals as restaurants close or see traffic plunge.

U.S. stock futures, in a volatile session, point to a bounce after Wall Street's worst day since the 1987 "Black Monday" market crash.

Nordstrom's more than 360 stores in the U.S., Canada and Puerto Rico will be closed for two weeks.

Oil could fall below $20 a barrel and "stock markets could easily shed another 30-40% of their values," one analyst said.

Iran has temporarily freed about 85,000 prisoners, including political prisoners, a spokesman for its judiciary said on Tuesday, Reuters reported.

Regeneron has moved forward its time frame for having doses of a potential coronavirus vaccine and treatment ready for human testing.

Volkswagen has announced it is preparing to temporarily shut down most of its European plants in the wake of the coronavirus pandemic.

Even if every American is given $1,000 to ride out the coronavirus crisis, it's still going to be difficult for the U.S. economy to stay afloat, said Andrew Levin, a former special advisor to the Federal Reserve Board.

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

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.

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.

The coronavirus can go airborne, staying suspended in the air depending on factors such as heat and humidity, WHO officials said.