business news

Supreme Court rejects appeal bid by Trump clemency recipient Philip Esformes

The Supreme Court has refused to hear an appeal from Florida nursing home owner Philip Esformes, whose 20-year prison sentence…

Citigroup employees, on edge over layoffs, told they can work remotely until the new year

Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.…

Expecting a package this holiday? If so, don’t fall victim to delivery scams

Are you expecting a package delivery this holiday season? If so, scammers may try to dupe you with bogus emails…

Fed’s John Williams says the central bank isn’t ‘really talking about rate cuts right now’

New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment…

Russia-Ukraine updates: Russia’s central bank hikes interest rates; Hungary blocks financial aid for Ukraine

This was CNBC’s live blog tracking developments on the war in Ukraine. European Union leaders agreed to open membership talks…

Impeachment vote boosts Biden campaign fundraising

Republicans’ impeachment efforts are paying off — for President Joe Biden. A fundraising email from Kamala Harris attacking House Republicans…

401(k), IRA balances fell for older millennials, young Gen Xers during the pandemic. Here’s why

Retirement balances for midcareer workers declined between 2019 and 2022, despite gains on financial assets such as stocks during that…

Congress passes $886 billion defense policy bill, Biden to sign into law

More than two-thirds of the U.S. House of Representatives voted in favor of a defense policy bill on Thursday that…