business news

China is ramping up stimulus to boost market confidence — but is it enough?

BEIJING — Expectations for more support from China to boost its economy and stock markets are rising— especially after the…

Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security

A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in…

Thursday’s GDP report expected to show the U.S. economy at a crossroads

Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the…

Biden guest at State of the Union will be Texas abortion case mom

The mother at the center of a high-profile Texas Supreme Court abortion case will attend President Joe Biden’s State of…

Billionaire Reid Hoffman pauses Nikki Haley funding after her New Hampshire loss to Trump, source says

Billionaire Reid Hoffman does not plan to give any more money to Nikki Haley’s presidential campaign after her loss in…

British billionaire Joe Lewis pleads guilty to insider trading, securities fraud

British billionaire Joseph Lewis pleaded guilty Wednesday in New York federal court to securities fraud related to insider trading. Lewis’…

Saudi Arabia opens its first-ever alcohol store — but it’s only accessible to a select group

Saudi Arabia has opened its first alcohol store in the diplomatic quarter of its capital Riyadh, two sources told CNBC.…

A nationwide strike in Argentina poses major test to Milei’s economic ‘shock therapy’

Argentina’s largest labor union grouping on Wednesday held a nationwide general strike to protest President Javier Milei’s shock economic agenda.…