business news

Biden to seek ‘unprecedented’ Israel aid package; pledges $100 million for humanitarian relief in Gaza and West Bank

UNITED NATIONS — President Joe Biden reaffirmed America’s commitment to Israel on Wednesday in Tel Aviv, where he blamed a…

Fed’s Waller says officials can ‘wait, watch and see’ before acting on interest rates

Federal Reserve Governor Christopher Waller on Wednesday indicated the central bank can afford to hold off on interest rate increases…

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…