CNBC World News

Kenneth Rogoff said on "Closing Bell' that there is not a good historical precedent for the economic shock caused by the coronavirus.

The officer, Capt. Brett Crozier of the USS Theodore Roosevelt, had written a letter to military leadership regarding the situation on his carrier, and it leaked to the media.

General Motors and Honda Motor have agreed to jointly develop two new all-electric vehicles for the Japanese automaker.

"You couldn't have picked a more perfect time to hack somebody," "Shark Tank" investor Robert Herjavec told CNBC.

Russian President Vladimir Putin and his administration are using the coronavirus crisis to spread conspiracy theories in a bid to "subvert the West," a new report has alleged.

President Trump says Saudi Arabia and Russia could agree to a big oil production cut, but analysts say the U.S. may have to play a role.

The coronavirus has led shoppers to buy in bulk and put pressure on supply chains. In the U.S., major grocers have expedited their hiring processes to help deal with the demand.

General Electric is planning to furlough half of its aviation unit's engine manufacturing staff as the coronavirus roils the industry, the company told CNBC.

Stocks rose in volatile trading as oil prices jumped on expectations Saudi Arabia and Russia will ease the pressure off the oil market.

President Trump told CNBC he expects Vladimir Putin and Crown Prince Mohammed Bin Salman to announce a deal on an oil production cut.

Worsening economic data due to the coronavirus shutdown has led the Congressional Budget Office to downgrade its expectations for U.S. economic growth.

Kashkari was an architect of the 2008 Troubled Asset Relief Program that aided banks through the Great Recession.

"We'll enter hopefully phase 2 trials, we expect that to happen in the spring, perhaps early summer," Moderna Chairman Noubar Afeyan told CNBC.

Oil prices skyrocketed after President Donald Trump told CNBC Saudis and Russia will ease pressure on oil, ending a price war that has contributed to crude's massive plunge.

The big question is what prices will look like when the market starts to recover — either in summer or fall.

U.S. health officials have been fast-tracking work with biotech company Moderna to develop a vaccine to prevent COVID-19.

"You have to avoid these Chinese companies like the plague," Chanos said. "How many times do investors have to be burned?"

British Airways has reached an agreement with the U.K. trade union Unite to furlough staff without anyone being made redundant.

The Bank of England said on Thursday it will double the size of its corporate bond purchase program to at least 20 billion pounds ($24.7 billion).

Luckin Coffee disclosed that an internal investigation has found that its chief operating officer fabricated 2019 sales by about 2.2 billion yuan.