business news

Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year

The average FTSE 100 CEO will have earned more this year than the median full-time worker’s annual salary by 1…

Russia and Ukraine carry out largest prisoner exchange; Kyiv says there is no ‘plan B’ to win the war

This was CNBC’s live blog tracking developments on the war in Ukraine. The largest exchange of prisoners of war since…

Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?

BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just…

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark…

Trump loses last-ditch appeals court bid to delay E. Jean Carroll rape defamation civil trial

Update: Jury rules Trump must pay E. Jean Carroll $83.3 million in damages for defamation A New York federal appeals…

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…

Names in Jeffrey Epstein court documents unsealed

New York federal court documents containing previously hidden names of people associated in some way with the late notorious sex…

Job openings nudged down in November, down to lowest in more than two years

Demand for workers fell to its lowest level in more than 2½ years in November while hirings and layoffs both…