business news

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.…

Klarna to debut $7.99 monthly plan as buy now, pay later firm seeks new revenue sources ahead of IPO

Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead…

Israel-Hamas war negotiations reportedly working toward a weekslong cease-fire

Negotiations over the Israel-Hamas war are zeroing in on a cease-fire deal of one to two months in exchange for…

German regulator urges banks to set aside bumper profits for bad news on the horizon

Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher…