Breaking News: Business

Charlie Munger, investing genius and Warren Buffett’s right-hand man, dies at age 99

Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire…

Fox News founder Rupert Murdoch deposed in Smartmatic election lawsuit

Rupert Murdoch is being deposed Tuesday as part of the $2.7 billion defamation lawsuit filed against Fox Corp. by the…

‘Stop the price gouging’: Biden hits corporations over high consumer costs

President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…

Warren Buffett makes big donation before Thanksgiving, assures shareholders Berkshire is built to last

Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter…

Toyota financing arm fined $60 million by consumer watchdog for car loan scam

WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers…

Sean Combs, Cassie settle her bombshell rape, sex trafficking lawsuit day after filing

The R&B singer Cassie and hip hop mogul Sean Combs on Friday agreed to resolve claims in a bombshell lawsuit…

Music mogul Sean ‘Diddy’ Combs sued for alleged rape, sex trafficking by singer Cassie

Hip-hop music and fashion mogul Sean “Diddy” Combs was hit Thursday with a civil lawsuit accusing him of raping and…

Burberry shares sink 9% as luxury spending slowdown bites

LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will…

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…

Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions

The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling…