business news

Businesses are returning $140 million in surprise overdraft fees to consumers, according to a CFPB report

WASHINGTON — The nation’s federal consumer protection watchdog announced Wednesday that companies will refund $140 million to customers as a…

Steve Scalise nominated as House speaker candidate by GOP lawmakers

Republican lawmakers Wednesday selected Rep. Steve Scalise as their candidate for speaker of the House of Representatives, more than a…

Wholesale inflation rose 0.5% in September, more than expected

A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. The…

Stocks making the biggest moves premarket: Plug Power, Exxon Mobil, Pioneer, Novo Nordisk and more

Check out the companies making headlines in premarket trading. Plug Power — The battery stock added nearly 6% after the…

Oil prices could surge if Iran enters the war, Pioneer Natural Resources CEO says

Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in the war between…

Satellite images show the scale of destruction in Gaza as Israel responds to surprise Hamas attack

Satellite images depict the scale of the devastation in Gaza following a barrage of Israeli airstrikes in response to Hamas’…

White House announces new efforts to crack down on ‘tens of billions’ in junk fees

WASHINGTON — The White House on Wednesday announced new initiatives to rein in tens of billions worth of surcharges tied…

Israel-Hamas war updates: Israel says 2,600 ‘terrorist targets’ struck; Gaza’s health services enter ‘critical stage’

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

Russia warns Israel-Hamas war is entering ‘hot’ phase and could be ‘potentially very dangerous’

This was CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates.  It’s a…

China’s consumer spending isn’t roaring back to pre-pandemic levels yet

BEIJING — China’s consumer spending still isn’t growing as fast as it did before the pandemic, analysts said. Retail sales…