business news

Shock summer election in Britain predicted to deliver ‘historic’ result

U.K. Prime Minister Rishi Sunak ended months of speculation this week by announcing a national election on July 4, as…

Russia threatens direct strikes on British military targets; Kharkiv hit with ‘extremely brutal’ attack

This was CNBC’s live blog tracking developments on the war in Ukraine. Russia said its border region of Belgorod came…

Former Malaysia Prime Minister Mahathir says he’s ‘not involved in corrupt practices’

Malaysia’s former prime minister Mahathir Mohamad said he and his family members were not involved  in any “corrupt practices.” Last…

JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’

JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…

This ETF aims to capture China’s own ‘Magnificent Seven’

Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza…

These are the 3 big risks to the stock market, economist says

The U.S. stock market has been swooning. But there are risks that threaten to put a lid on the euphoria.…

Federal Reserve minutes indicate worries over lack of progress on inflation

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the…

Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy

A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access…

Former BP exec’s ex-husband gets prison for insider trading after eavesdropping on her calls

The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider…