business news

Ukraine war live updates: Wagner forces will no longer fight in Ukraine; Prigozhin retreat deal terms could still be under discussion

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

Huawei says applying 5G technology to business was more difficult than expected

SHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than…

Biden snaps ‘No!’ when asked if he was involved in alleged Hunter Biden shakedown of Chinese executive

President Joe Biden on Wednesday angrily denied that he was involved in an alleged shakedown of a Chinese businessman by…

Overstock.com will change website name to Bed Bath & Beyond as deal closes

Overstock.com is going all in on failed retailer Bed Bath & Beyond. The e-commerce home goods retailer will no longer…

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

All 23 of the U.S. banks included in the Federal Reserve’s annual stress test weathered a severe recession scenario while…

Nonprofit funded by GOP donor Thiel apparently donated to left-leaning group, records show

A nonprofit group funded by Republican megadonor Peter Thiel appears to have donated $3 million to a group that has…

Trump countersues E. Jean Carroll for ‘rape’ defamation, as her lawyers scoff at claim

Donald Trump, who was found liable by a civil jury last month for sexually abusing and defaming writer E. Jean…

DeSantis wants court to schedule Disney trial after 2024 election

Attorneys for Florida Gov. Ron DeSantis suggested that a trial in Disney‘s civil lawsuit against him should be scheduled months…

Stocks making the biggest moves midday: Pinterest, Carnival, General Mills, Netflix and more

Check out the companies making the biggest moves midday. Pinterest — Shares climbed 6.59%. Wells Fargo upgraded Pinterest to overweight…

Trump is the only Republican who will lose to Biden in 2024, Paul Ryan says

Former House Speaker Paul Ryan said Wednesday he believes the 2024 Republican presidential nominee will “for sure” be able to…