business news

Morgan Stanley tops expectations on wealth management, trading and investment banking results

Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment…

Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income…

U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says

The U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not take action soon…

Ukraine war updates: China’s Xi lays out 4 priorities to resolve Ukraine ‘crisis’; Russia intensifies efforts to seize key town

This was CNBC’s live blog tracking developments on the war in Ukraine. Russian forces continue to pummel eastern Ukraine in…

Biden and his wife report $620,000 income in 2023 tax returns

President Joe Biden and his wife Jill on Monday released tax returns showing that their income rose 7% to $619,976 in 2023 and that the…

Speaker Johnson to advance separate Israel, Ukraine, Taiwan bills after Iran attack

House Speaker Mike Johnson, R-La., on Monday said he plans to move forward with four individual bills to fund Israel,…

Raimondo: Commerce Dept. will allocate all of the CHIPS Act grant money this year

TAYLOR, Texas — The Commerce Department is on track to dole out all of the $39 billion in grant money…

New York tax preparer charged with causing more than $100 million in losses from fraudulent returns

A New York tax preparer was arrested Monday on charges related to causing “substantially” more than $100 million in tax…

Israel’s military chief says that Israel will respond to Iran’s weekend missile attack

Israel’s military chief said Monday that his country will respond to Iran’s weekend attack, but he did not elaborate on when and…

Lockheed wins U.S. missile defense contract worth $17 billion, sources tell Reuters

Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the…