business news

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial…

Judge denies Trump aide Mark Meadows request to pause ruling that sent Georgia election case back to state court

A federal judge denied former White House chief of staff Mark Meadows’ request for an emergency stay of a ruling…

Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump

Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.…

August core inflation, excluding food and energy, rose 0.3%, hotter than expected

Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety…

Stocks making the biggest moves premarket: Moderna, American, Spirit Airlines, Ford and more

Check out the companies making headlines before the bell. Moderna — Moderna shares rose more than 3% in early trading after…

Goldman Sachs is in the spotlight as tech firms Arm and Instacart test IPO market

The return of large tech IPOs this week after a prolonged drought isn’t just a test of investors’ appetite for…

Early Revolut backer Lakestar leads $40 million investment in French fintech startup Swan

European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French…

Kim and Putin talks end after two hours, leaders hail alliance stretching back to Cold War era

This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates.  North Korean…

Co-founder of $4 billion crypto fraud scheme gets 20 years in prison, ‘Cryptoqueen’ partner remains at large

The co-founder of the fraudulent OneCoin cryptocurrency, a massive pyramid scheme that amassed more than $4 billion from millions of…