business news

European Central Bank holds interest rates steady after 10 consecutive hikes

The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from…

U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of…

Stocks making the biggest moves before the bell: Hasbro, Southwest, Hershey, Royal Caribbean and more

Check out the companies making headlines in premarket trading. Hasbro — The toymaker tumbled 9.2% following a weaker-than-expected financial report…

U.S. and China commercial property markets face headwinds but UOB is optimistic on Southeast Asia

Commercial real estate markets in the U.S. and China are economic pain points to monitor in a higher-for-longer rate environment,…

Israel-Hamas war updates: U.S. conducts military strikes in Syria; nine Arab countries condemn Gaza bombing

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

Tesla rival Xpeng presses ahead with driver-assist rollout in China, Europe

BEIJING — Chinese electric car company Xpeng said this week it plans to roll out driver-assist technology in Europe by…

With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023

From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily…

Sam Bankman-Fried’s lawyers reveal his planned testimony in FTX fraud trial

Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his…

Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1

Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a…