business news

Jim Jordan loses second House speaker vote, as GOP weighs dwindling options

Rep. Jim Jordan’s bid to become speaker of the U.S. House of Representatives failed Wednesday for the second time in…

Bipartisan support grows for Rep. Patrick McHenry to be temporary House speaker

With Rep. Jim Jordan’s candidacy for House speaker in doubt Wednesday, a growing number of Republicans and Democrats were coalescing…

Remittances to Mexico near a record but ‘super peso’ crimps spending power

People sending money back to Mexico this year have faced a new challenge: the “super peso.” The Mexican currency reached…

Morgan Stanley shares fall over 6% as wealth management results disappoint

Morgan Stanley posted third-quarter results Wednesday that topped profit estimates on better-than-expected trading revenue. Here’s what the company reported: Profit…

Adidas shares climb after boost from Yeezy sales, guidance raise

Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory. The…

U.S. and Egypt reach agreement to allow aid into Gaza; UK’s Sunak to visit Israel

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

U.S. providing missiles to Ukraine ‘a mistake,’ Putin says; China and Russia ‘exchange views’ on Israel-Hamas conflict

This has been CNBC’s live blog tracking developments on the war in Ukraine on Oct.18, 2023. Russian President Vladimir Putin…

Biden calls off Jordan leg of Mideast trip after leader summit canceled

WASHINGTON — President Joe Biden will no longer visit Jordan as part of his Middle East trip this week, after…