Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year’s…
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net…
Who are the Houthis? U.S. and U.K. strikes thrust Iran-backed group into the global spotlight
U.S. and U.K. forces have carried out airstrikes against Houthi rebel targets in Yemen in response to repeated attacks by…
Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what…
BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash…
Middle East crisis: Houthis say U.S., U.K. will pay a ‘heavy price’ after Yemen strikes
This was CNBC’s live blog tracking developments in the Middle East and the Red Sea crisis. A Houthi official pledged…
White House says U.S. Ukraine assistance has ‘ground to a halt’; UK announces increased drone funding
This was CNBC’s live blog tracking developments on the war in Ukraine. U.S. military assistance to Ukraine has “ground to…
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of…
Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million)…
China’s annual exports drop for the first time in seven years
BEIJING — China’s annual exports fell for the first time in seven years in 2023, even as shipments in December…
