business news

Biden takes his reelection pitch to Wisconsin, a state Republicans are wooing in 2024

President Joe Biden spoke in Milwaukee on Tuesday, a week before Republicans meet there for their first presidential debate. The…

Regional banks slide after Fed’s Kashkari advocates ‘significantly further’ capital regulation

Minneapolis Federal Reserve President Neel Kashkari favors getting tougher on regional banks, following a crisis earlier this year that he…

Stocks making the biggest moves midday: Discover, D.R. Horton, Nvidia, Cleveland-Cliffs, and more

Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after…

Feds say Hunter Biden gun charge diversion deal no longer valid, deny they reneged on plea agreement

Federal prosecutors on Tuesday said a pretrial diversion deal that they had offered to Hunter Biden on a felony gun…

Trump co-defendant Carlos De Oliveira pleads not guilty in classified docs case

Carlos De Oliveira, the newest co-defendant in the federal criminal case over former President Donald Trump’s handling of classified documents,…

New A.I. working group aims to shape policy for key Democratic bloc

WASHINGTON — Democrats on Capitol Hill are forming a new working group on artificial intelligence and prioritizing how to prevent…

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…

Stocks making the biggest moves premarket: Nvidia, Discover Financial, D.R. Horton and more

Check out the companies making headlines in premarket trading. Discover Financial Services — Shares slipped 6.5% after CEO Roger Hochschild…

Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase

A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…

Suspected spies for Russia arrested in UK; Russia’s central bank hikes rates to 12%

This was CNBC’s blog tracking developments on the war in Ukraine on August 15, 2023. See here for the latest…