business news

Wells Fargo earnings top estimates even as lower interest income cuts into profits

Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest…

Russia battles floods as Ural river swells; Moscow hits ‘critical’ Ukrainian infrastructure

This was CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates. Overnight attacks…

UK economy posts 0.1% growth in February in further sign of recession rebound

LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said Friday, providing another sign…

JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income

JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came…

Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit

Long-simmering tensions between China and its neighbors took center stage on Thursday as leaders of the U.S., Japan and the Philippines gathered at the White House…

Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley

Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to…

Trump Media shares close down by more than 5%, latest grim day for Truth Social owner

The share price of Trump Media fell 5.4% at the close of trading on Thursday. DJT shares, the majority of…

Trump is about to face trial on criminal hush money charges. Here’s what to know

Donald Trump has used every legal tool at his disposal to try to dismiss, diminish or delay the four active…

FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy…