CNBC’s Steve Liesman reports the latest from the Federal Reserve’s ‘Beige Book’ report. He discusses what impact the Fed is seeing on the economy from coronavirus.
Appliances for sale at a Home Depot store. Getty Images New orders for key U.S.-made capital goods unexpectedly rose in March, but the gains are not likely to be sustainable amid the novel coronavirus outbreak, which has abruptly shut down the economy and contributed to a collapse in crude oil prices. Orders for non-defense capital […]
A tourist wears a protective mask as she carries her suitcases past a closed Nike store at Las Ramblas on March 15, 2020 in Barcelona, Spain. David Ramos | Getty Images As some states start to relax social distancing measures and some tentative signs point to coronavirus cases being on the decline, there’s still scant […]
The coronavirus pandemic may set back economic growth efforts in developing nations, World Bank President David Malpass told CNBC on Wednesday. Futher progress can be made on access to electricity, clean water and sanitation, Malpass said in a “Squawk on the Street” interview, “but the big worry is that we’re moving backward because of the global recession.” […]
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