CNBC Business

China has seen a drastic decline in the number of cases — from hundreds of cases per day in February, to less than 50 each day this week.

Elevated U.S. tariffs on China are an added pressure on retailers at a time the new coronavirus is spreading globally, said Steve Lamar of the American Apparel and Footwear Association.

American Airlines is suspending pilot hiring as the rapid spread of coronavirus hurts, according to a note from the company, the latest measure by a major carrier to stem the pain of the coronavirus travel slump.

President Donald Trump on Wednesday is expected address the nation from the oval office on the U.S. response to the deadly coronavirus outbreak, hours after the World Health Organization declared it a pandemic.

"We're deeply concerned both by the alarming levels of spread and severity and by the alarming levels of inaction," WHO's Dr. Tedros said.

As of Wednesday, more than 121,564 cases of coronavirus have been reported, resulting in at least 4,373 deaths.

The U.S. travel and tourism industry could lose at least $24 billion in foreign spending this year because of the rapidly spreading coronavirus, according to data produced by Tourism Economics and first seen by CNBC.

Boeing is suspending hiring, limiting overtime as the coronavirus hands the manufacturer a fresh crisis.

CNBC's Jim Cramer explained what he thinks it will take to quell the spread of the coronavirus in the U.S. The "Mad Money" host broke down how the banks will take a hit from the pandemic.

The spread of a new coronavirus disease — the COVID-19 — is one of the biggest threats to the global economy and financial markets.

"There's nothing more important than trying to stay home, wash your hands and get your supplies," CNBC's Jim Cramer said.

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

"If cruise lines and restaurants and retailers and airlines and oils are in trouble, well, so are their bankers," the "Mad Money" host said.

Leading U.S. bank executives in a meeting with President Donald Trump at the White House said banks are strongly capitalized and prepared to help small businesses and American consumers weather the coronavirus outbreak.

NCAA president Mark Emmert announced the Division I men's and women's basketball tournament will be played without fans due to the coronavirus outbreak.

Monahan made the comments to Senate staff during a closed-door meeting Tuesday afternoon, according to NBC News.

Sporting goods retailer Modell's Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment.

Boeing shares tumbled as the company prepares for more turbulence from the spread of the coronavirus and fallout from the Max crisis.

Washington state is the hardest hit in the U.S. with more than 267 confirmed cases.

Senate Democrats on Wednesday unveiled more than a dozen "critical measures" intended to provide relief to local communities amid the deadly coronavirus outbreak.