business news

What to expect from bank earnings as high interest rates pressure smaller players

The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday. Ever since…

Big donation to Rudy Giuliani defense fund is target of lawsuit alleging fraud by donor

One of the largest donations to Rudy Giuliani’s legal defense fund is at the center of a new lawsuit that…

Japanese PM Kishida tells Congress the U.S. must play leading role in the world

Japanese Prime Minister Fumio Kishida urged the U.S. Thursday to continue playing a leading role in the world as it…

Wholesale prices rose 0.2% in March, less than expected

A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will…

Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer

Carey Halio, Goldman Sachs’ head of strategy and investor relations, is getting promoted to global treasurer at the bank, according…

European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty

The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal…

‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants

Switzerland’s tough new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street…

Russia claims it foiled British-led ‘sabotage’ plot; 200,000 left without power after ‘massive’ attack

This was CNBC’s live blog tracking developments on the war in Ukraine. Early-morning Russian missile and drone attacks on several…