business news

Stocks making the biggest premarket moves: Tesla, Darden Restaurants, Anheuser-Busch, Alcoa and more

Check out the companies making the biggest moves in premarket trading. Tesla — Shares dropped more than 3% before the…

Bank of England surprises with 50 basis point rate hike to tackle persistent inflation

LONDON — The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its…

George Santos says he’s ‘concerned’ after court reveals his bail backers are his father and aunt

The secret identities of Republican Rep. George Santos’ bail backers in his federal criminal case were revealed to be members…

UN report says Russia has killed 136 children, used kids as human shields

This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Ukraine’s President Volodymyr…

China’s new EV subsidies might not be enough to bolster slowing growth

BEIJING — Subsidies for electric cars aren’t enough to boost growth in China’s slowing economy. One of the few detailed…

Crypto firm Ripple gets in-principle payments license in Singapore

Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good…

Hunter Biden set to enter guilty plea at late July court hearing

President Joe Biden’s son Hunter is scheduled to appear next month in federal court, where he is expected to plead…

Robert F. Kennedy Jr.’s presidential run gets support from Wall Street veteran Omeed Malik

Robert F. Kennedy Jr., the anti-vaccine activist who’s now running for president, has another wealthy backer in his corner: veteran…

PGA Tour plans to testify at Senate hearing on LIV merger, but questions remain

Key lawmakers on Wednesday invited the officials behind the proposed deal between the PGA Tour and Saudi-backed rival LIV Golf…