Coronavirus Effect Could Be 'far Deeper Than The Subprime Crisis,' Says Mortgage Company CEO
For most mortgage borrowers, the first of the month is payment day. This month, however, is a very different story. Mill... Read more
Mnuchin Says He Will Ask Congress For More Small Business Loan Funding If $350 Billion Pool Runs Out
The $350 billion loan program aims to help small businesses cover payroll and benefits during the coronavirus pandemic. Read more
Treasury Secretary Mnuchin Says He's Having Ongoing Discussions About Infrastructure
The Treasury secretary told CNBC he is holding discussions with Congress about a potential infrastructure bill. Read more
March's ISM Manufacturing Index Is 49.1, Signaling Contraction As Coronavirus Hits Economy
U.S. manufacturing activity contracted in March as the coronavirus outbreak continues to pressure the economy, data rele... Read more
US Companies Cut 27,000 Jobs Before The Worst Of The Coronavirus Shutdown, Millions More Coming, Moody's Says
The March ADP count covers the period before the social distancing measures that have shut down large parts of the econo... Read more
Home Price Gains Were Strong In January, Says S&P Case-Shiller, Before Coronavirus Hit US Economy
The gains came before the coronavirus shut down much of the economy and the housing market. Now there are forecasts that... Read more
February Pending Home Sales Jump Over 9% Annually, Ahead Of Major Coronavirus Impact
Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, wh... Read more
Pence Says Economic Fundamentals Remain Strong Despite Massive Coronavirus Impact
Vice President Mike Pence said that the fundamentals of the U.S. economy remain strong despite the coronavirus pandemic ... Read more
Coronavirus Stimulus Just Pushed Fed's Balance Sheet Past $5 Trillion For The First Time Ever
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset... Read more
IMF Chief Georgieva Says The World Is In A Recession, Containment Will Dictate Strength Of Recovery
International Monetary Fund chief Kristalina Georgieva said Friday that the global economy is now in a recession thanks ... Read more
US Consumer Sentiment Falls To Lowest Level In More Than 3 Years
U.S. consumer sentiment fell to a three-year low as the coronavirus outbreak takes a toll on the economy, according to d... Read more
US Consumer Spending Rose, Inflation Was Moderate In February
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the co... Read more
Tudor Jones Says DC Coronavirus Aid Is Biggest Fiscal-monetary 'bazooka' Ever, More Like 'nuclear Bomb'
"We did in two weeks what it took the Fed eight months to do in 2009," hedge fund manager Paul Tudor Jones told CNBC. Read more
Jobless Claims Soar Past 3 Million To Record High
The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read more
US Economy Grew At 2.1% Rate In Fourth Quarter
The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the las... Read more