business news

Retail sales rose 0.7% in September, much stronger than estimate

Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a…

Bank of America tops profit estimates on better-than-expected interest income

Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Profit…

Israel denies targeting Gaza hospital, Palestinian leader Abbas cancels meeting with Biden

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

Zelenskyy says Ukraine has used U.S.-supplied ATACMS missiles; Putin visits ‘dear friend’ Xi in Beijing

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

Top economists unanimous on ‘higher for longer’ rates as inflation threats linger

Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer,…

Goldman Sachs tops estimates on stronger-than-expected bond trading

Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than-expected trading revenue. Shares of the bank…

Biden will travel to Israel on Wednesday as war with Hamas drags into its second week

WASHINGTON — President Joe Biden will travel to Israel on Wednesday in an effort to mitigate the expansion of the war between…

Google, Amazon, Apple could see antitrust bills put on hold if Jim Jordan is House speaker

If Republican Rep. Jim Jordan of Ohio is elected the speaker of the House Tuesday, tech giants like Google, Apple,…