business news

Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor

Consumer spending bounced back in February from a January dip, with a little help from leap day. But sales still…

Xiaomi is set to launch its electric car on March 28

BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. The…

Ukraine war live updates: Russia says it thwarted armed incursion by Ukrainian forces, ‘sabotage’ groups into its border regions

This was CNBC’s live blog tracking developments on the war in Ukraine. Russia’s defense ministry claimed it had “thwarted” an…

Former U.S. official’s work for Chinese client stirs concern over disclosure loopholes

When a Chinese drone company came under U.S. government scrutiny over its alleged ties to China’s military, the company turned to one of America’s…

China’s stock valuations are ‘way too low,’ strategist says — here’s why

Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy,…

Biden campaign takes aim at Trump stance on Social Security, Medicare in new advertisement

The reelection campaign of President Joe Biden on Monday released a new digital advertisement targeting Donald Trump over comments the…

Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more

Check out the companies making headlines after the bell. Oracle — The database software stock surged about 10% in extended…

A key inflation reading is due out Tuesday morning. Here’s what to expect

Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a…