business news

Trump not immune from Capitol riot lawsuits, appeals court rules, opening door to monetary damages

Donald Trump does not have immunity from civil lawsuits related to the U.S. Capitol riot, a federal appeals court panel…

Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it…

Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policy

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a…

Sandra Day O’Connor, first woman on Supreme Court, dies at 93

Sandra Day O’Connor, the first woman to serve as a justice on the U.S. Supreme Court, has died. O’Connor was…

Rep. George Santos expelled from Congress for corruption, cutting GOP majority

The House voted Friday to expel Rep. George Santos from Congress for his alleged finance crimes and his campaign lies,…

Zelenskyy says ‘new phase of war’ has begun, Hungary to back EU ‘strategic partnership’

This was CNBC’s live blog tracking developments on the war in Ukraine. Ukrainian President Volodymyr Zelenskyy on Thursday called for…

Robinhood CEO defends payment for order flow, says practice is ‘here to stay’

Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that…

Charlie Munger said Berkshire would be worth double if he and Buffett used leverage

The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five…

Munger and Buffett were unable to pull off one last deal together using Berkshire’s $157 billion in cash

Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained…