business news

Economist El-Erian says the Fed has turned into a play-by-play commentator

The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief…

Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says

Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald…

Moscow reports concert terror attack link to Kyiv; Zelenskyy says Ukraine stabilized battle positions

This was CNBC’s live blog tracking developments on the war in Ukraine. Ukrainian President Volodymyr Zelenskyy said his forces have…

Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms

BEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion…

China’s Nio to expand battery swap services to gain an edge on EV infrastructure

BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an…

‘Biggest mistake’ bond investors may make ahead of Fed rate cuts

Investors may want to stick with fixed income investments — possibly even adding to them — despite the Federal Reserve’s…

British billionaire Joe Lewis fined $5 million by U.S. judge for insider trading

A U.S. judge ordered British billionaire Joe Lewis on Thursday to pay a $5 million fine and serve three years…

Trump to be deposed in dispute with media company co-founders

Republican presidential candidate Donald Trump is scheduled to be deposed later this month by lawyers for co-founders of his social media company…