business news

Fintech giant Revolut appoints new UK boss amid struggles to get banking license

European fintech firm Revolut on Thursday said it appointed former Barclays executive Francesca Carlesi as its new U.K. CEO. Carlesi,…

Ukraine’s top military leader says war is at a stalemate and a ‘beautiful breakthrough’ is unlikely

This was CNBC’s live blog tracking developments on the war in Ukraine on November 2, 2023. Ukraine’s commander-in-chief has conceded…

Israel-Hamas war updates: White House calls for ‘humanitarian pauses’; Gaza Strip situation is ‘desperate,’ UN agency says

This was CNBC’s live blog tracking developments on the Israel-Hamas war. Click here for the latest updates.  The international community…

U.S. Air Force blows up Minuteman III in test flight after post-launch anomaly

The U.S. Air Force said on Wednesday it had blown up a Minuteman III missile over the Pacific Ocean after…

UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China

The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting…

DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024

DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a…

Republican Reps. Kay Granger, Ken Buck announce they won’t seek reelection

Republican Rep. Ken Buck of Colorado on Wednesday announced he will not seek reelection next year, saying he was “disappointed”…

Biden takes the fight to Dean Phillips’ backyard, but won’t say his name

President Joe Biden on Wednesday touted his accomplishments and rubbed elbows with wealthy donors in Minneapolis, the political backyard of…