business news

European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts

FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might…

Japan PM to ax ministers as fundraising scandal swirls

Japanese Prime Minister Fumio Kishida on Wednesday announced he planned to make changes to his cabinet as he seeks to…

Ukrainian capital attacked; Russia slams Zelenskyy, saying ‘everyone is tired of the beggar from Kyiv’

This was CNBC’s live blog tracking developments on the war in Ukraine. Over 50 people have been injured after Russia…

$4.7 billion European fintech firm Pleo appoints new CFO, pointing to IPO hopes

Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive…

Bank of England set to hold interest rates as economists debate 2024 cuts

LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…

‘Too many things unaffordable:’ Biden fires up price wars as inflation cools

New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…

New York’s high court orders new congressional maps as Democrats move to retake control of U.S. House

New York’s highest court on Tuesday ordered the state to draw new congressional districts ahead of the 2024 elections, giving…

Crypto investor Mike Novogratz, major Biden 2020 donor, to back long shot Dean Phillips

Veteran investor and longtime Joe Biden supporter Mike Novogratz is switching sides to fundraise for Rep. Dean Phillips, D-Minn., the…

Trump sells snippets of mugshot suit, Mar-a-Lago dinner in latest NFT promotion

Former President Donald Trump has found a new way to monetize his infamous mugshot, while also selling the chance to…