CNBC Economy

Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected.

Mortgage rates dropped to the lowest level in the Mortgage Bankers Association's survey, causing yet another rush to refinance.

Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as well as retail the hardest-hit so far, according to the Federal Reserve's latest Beige Book report.

CNBC's Steve Liesman reports the latest from the Federal Reserve's 'Beige Book' report. He discusses what impact the Fed is seeing on the economy from coronavirus.

"Many of the very populous countries need extra support right now," World Bank President David Malpass told CNBC on Wednesday.

Last month saw over 106,000 people working in clean energy roles lose their jobs.

This month's HMI survey was conducted from April 1 to April 13, after millions of Americans had been issued orders to stay home to stem the spread of the virus.

The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double the worst during the Great Recession.

New data shows the government's stimulus checks are providing much-needed relief to Americans struggling with day-to-day living costs.

U.S. retail sales for the month of March were expected to sink by 8.0%, after slipping 0.5% a month earlier.

Since early March, roughly 60% of employers have decreased job openings due to the coronavirus, with almost 25% of employers closing all of their postings, according to Glassdoor.

C3 is leasing shuttered restaurants and hiring 1,000 employees for its ghost kitchens in an effort to meet consumer demand for food delivery.

U.S. import prices dropped by the most in more than five years in March amid declines in the costs of petroleum products and a range of other goods, pointing to import deflation that could deepen amid the coronavirus pandemic.

As unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government's mortgage forbearance program under the recently-passed coronavirus relief plan.

The governors, led by Andrew Cuomo, announced the coronavirus group hours after President Donald Trump claimed in a tweet that he, not state leaders, has the power to decide when to "open up" country.

The Fed has acted while Congress has continued to squabble.

CNBC's Jim Cramer said Monday the slow rollout of promised small business loans is unfairly putting more burden on small business owners.

"We have mostly undisbursed loans at this time" said Tony Wilkinson, president of the National Association of Guaranteed Government Lenders.

JPMorgan Chase, the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.

The Trump administration's tariffs on imported medical equipment, particularly from China, have added to the struggle in the U.S.'s fight against the coronavirus outbreak.