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 to COVID-19.
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 that has tanked markets and led to unprecedented layoffs of millions.
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 data from the University of Michigan.
The Fed's balance sheet just passed $5 trillion for the first time ever due to coronavirus stimulus
Though its efforts to keep markets running and boost the economy are just getting into gear, the Federal Reserve's asset portfolio has reached levels never seen before.
US consumer spending rises moderately in February
U.S. consumer spending rose moderately in February and momentum is set to fade rapidly in the coming months, with the coronavirus pandemic upending life for Americans.
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.
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 last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus.
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.
Jerome Powell's message to Americans: 'The Federal Reserve is working hard to support you'
Federal Reserve Chairman Jerome Powell is trying to reassure Americans about this unprecedented financial crisis ignited by the coronavirus pandemic.