business news

Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody’s cut the credit ratings of a host of small and midsized U.S. banks late Monday and placed several big…

Italian bank shares slide after government surprises with windfall tax

Italian banking shares took a beating on Tuesday morning after Italy’s cabinet approved a 40% windfall tax on lenders’ “excess”…

Russia strikes kill seven in Pokrovsk; Ukraine detains alleged spies

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

China releases plans to restrict facial recognition technology

BEIJING — China is planning to restrict businesses’ use of facial recognition technology in favor of non-biometric personal identification methods,…

Trump likely to face gag order after he targeted prosecutors, witnesses, and judges online, experts say

As Donald Trump cranks up his attacks on a growing list of targets linked to his numerous legal battles, experts…

Stocks making the biggest moves after hours: Chegg, Beyond Meat, Paramount Global, Celanese and more

Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech…

Trump goes on offense against Koch network as it spends against former president

As former President Donald Trump battles prosecutors in three states and a half dozen Republican primary candidates, he and his…

Trump ally Bernie Kerik met with special counsel about Giuliani’s effort to overturn election

Bernie Kerik, the disgraced New York City police commissioner, met Monday with investigators at special counsel Jack Smith’s office for…

Biden kicks off climate policy road trip in battleground Arizona amid record heat

WASHINGTON — Buoyed by an economy that is doing far better than the White House expected and a political opponent…