business news

New York AG demands evidence review after top Trump exec is accused of lying in fraud trial

New York Attorney General Letitia James’ office suggested Thursday that the Trump Organization failed to produce evidence in the $250…

Big banks are quietly cutting thousands of employees, and more layoffs are coming

The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are…

Pro-Trump lawyer Sidney Powell pleads guilty in Georgia criminal election case

Right-wing attorney Sidney Powell pleaded guilty Thursday to criminal charges stemming from the Georgia election interference case against former President…

As U.S.-China tensions rumble on, fintech unicorn Airwallex pushes into Latin America with Mexico deal

Global fintech giant Airwallex on Thursday said it has agreed to acquire MexPago, a rival payments company based out of…

Biden’s pick for Israel envoy faces tough questions from senators on Iran

WASHINGTON — Jacob Lew, President Joe Biden’s nominee for ambassador to Israel, defended his handling of Iran policy in the…

A top Israeli economist says a recession is almost certain as leaders warn of a long war

Israeli ground troops are massed near the border with Gaza, following Hamas’ brutal terrorist attacks that killed 1,400 people. But…

Net worth surged 37% in pandemic era for the typical family, Fed finds — the most on record

Net worth surged for the typical family during the pandemic era, largely on the back on higher home and stock…

Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive

Cryptocurrency exchange Coinbase has chosen Ireland as its main operational and regulatory hub in the European Union, the company told…

Biden to ask Congress for ‘urgent budget request’ to support Israel and Ukraine

This was CNBC’s live blog tracking developments in the Israel-Hamas war. Click here for the latest Israel news and updates…