H&M, which is headquartered in Sweden and is one of the biggest apparel retailers in the world, has for the time being shuttered all of its stores in its several of its largest markets, including Germany and the U.S.
Treasury yields plunged on Monday after the Federal Reserve pledged asset purchases with no limit to support the markets amid the coronavirus pandemic.
The conservative billionaire said, "They better redeem themselves by what they do on both parties, not just Democrats or the Republicans — both parties."
The economic fallout from the global coronavirus pandemic will be felt far beyond the immediate impact of the virus, the OECD's secretary general told CNBC Monday.
The battle against the coronavirus pandemic is "almost like the fog of war," top U.S. health official Dr. Anthony Fauci in an interview with Science magazine.
Apple CEO Tim Cook said the company will donate "millions of masks" for health professionals in the U.S. and Europe while Tesla CEO Elon Musk said his firm is making ventilators.
Canada and Australia said they would not be sending athletes to the Tokyo Olympics if the Games went ahead as scheduled this year as pressure on organizers to postpone because of the coronavirus pandemic reached fever pitch on Monday.
Questions linger over whether to delay, or even cancel, this year's Summer Olympics in Tokyo as the race to contain the fast-spreading coronavirus outbreak continues.
Lack of enough personal protective equipment such as respirators, eye protection, gloves, and gowns for medical staff is a source of "major frustration."