business news

China says the U.S. has ‘weaponized’ chip export controls

BEIJING — China’s Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool.…

Turkish lira hits fresh record low against the U.S. dollar

The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback…

Swedish defense officials criticized after warning public to prepare for war; Kyiv rejects idea of cease-fire

This was CNBC’s live blog tracking developments on the war in Ukraine. Top Swedish defense officials have been accused of…

Haley, DeSantis clash over Disney and government’s role in business

WASHINGTON — Florida Gov. Ron DeSantis and Nikki Haley butted heads Wednesday night over the role of government in regulating…

Trump won’t pledge to divest from businesses if he wins second term

Former President Donald Trump on Wednesday signaled that he plans to retain his stake in his business empire if he…

China will make foreign investment easier, vice premier tells foreign executives

BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for…

Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed

Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s…

Israel to face Gaza genocide charges at World Court

Israel prepared to defend itself on Thursday at the top U.N. court against accusations of genocide in Gaza, as Prime Minister Benjamin Netanyahu publicly rebuffed for the…

Thursday’s inflation report could challenge the market outlook for big Fed rate cuts

Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that…

Trump refuses conditions for fraud trial closing argument, won’t be allowed to speak

Donald Trump has been barred from personally making a closing argument at his New York civil fraud trial on Thursday…