business news

‘We have scouts all over the world’: Former NBA All-Star Danny Ainge takes a money shot for global talent

The Utah Jazz is casting its net wide for international players.  “We have scouts all over the world — almost…

Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next

Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products. Cboe…

Bipartisan tax bill clears key congressional hurdle, teeing up potential House vote

WASHINGTON — A $78 billion tax package with major benefits for companies took a significant step towards becoming law on…

American Express CEO says spending is strong, delinquencies are down from 2019

American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and…

Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows

Consumers have grown more confident about the direction of the economy and inflation at the onset of 2024, despite persistent…

Houthis embrace ‘direct confrontation’ with U.S. as Biden admits airstrikes aren’t working

DUBAI, United Arab Emirates — Yemen’s Houthi rebels are enthusiastically “confronting America directly,” the organization’s leader said in a televised…

Grim retail sales suggest possible recession for Britain

U.K. retail sales dropped significantly more than expected in December, in a sign that the economy may have entered a…

Drone strikes hit St. Petersburg; Russian oil depot on fire

This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine targeted the Russian city of St. Petersburg…