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Up to 70% of the population is likely to be infected with the coronavirus that is currently spreading around the world, German Chancellor Angela Merkel said.

U.S. consumer prices increased slightly last month, driven higher by more expensive food.

Dow futures on Wednesday were pointing to an opening loss that would give back much of Tuesday's 1,100-point snap-back rally.

Bakers in Seattle, San Francisco and New York City are losing thousands of dollars of Pi Day sales as companies close offices due to the COVID-19 outbreak.

Economy class meals used to mean dried-out chicken lunches and mushy pasta dinners. In the early 2000's airlines faced falling profits following the 9/11 terrorist attacks and some carriers even stopped serving meals altogether to save money. But in 2019 U.S. airlines posted their tenth straight year of profitability and premium and economy cabins are seeing more food options than ever before. So how do airlines make meals for thousands of people and what are the costs?

Europe's major car and parts makers rushed on Wednesday to close factories, in the first signs that coronavirus is disrupting the region's struggling automotive industry.

The latest research shakeup will bring together multiple Microsoft labs under one person, Peter Lee.

For many millennials, the recent stock market troubles don't mean much.

"All of these decisions have major costs. If we close the schools, hundreds of thousands of kids will have nowhere to get lunch and breakfast," New York City Councilman Mark Levine told CNBC.

The European Union could face a financial crisis similar to the global crash of 2008 if governments don't coordinate to tackle the coronavirus, the ECB President Christine Lagarde has reportedly said.

The stocks making the biggest moves in premarket trading include PepsiCo, Apple, Express, Eli Lilly, and more.

Cruise stocks Royal Caribbean, Carnival and Norwegian have sustained serious losses amid the global spread of the coronavirus, but "all hope is not lost" for the group, says Todd Gordon, managing director at Ascent Wealth Partners.

PepsiCo to acquire Rockstar Energy in a $3.85 billion deal, doubling down on energy drinks and with an eye toward turning around its struggling Mountain Dew brand.

Another major drop in mortgage rates caused a massive jump in borrowers applying to refinance their home loans. The surge sent total mortgage application volume up 55.4% last week, according to the Mortgage Bankers Association.

There were just over 100 confirmed cases in the U.S. one week ago, on March 4, according to the World Health Organization.

A national lockdown remains in place and potentially tougher measures are being considered.

Italy's Prime Minister Giuseppe Conte announced the government will set even more money aside to tackle the outbreak, raising spending to $28.3 billion.

The central bank has also announced a new term-funding scheme to support small and medium-sized companies.

German sportswear makers Adidas and Puma warned on Wednesday of a major decline in sales in China due to the coronavirus.

The Italian government introduced restrictive measures Monday night across the country's entire population.