business news

Goldman Sachs is cutting jobs again amid Wall Street deals slump

Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump…

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…

Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate

WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…

UK economy grows by 0.1% in the first quarter but inflation continues to weigh

LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures…

Sen. Tim Scott pushes bill that would require disclosure of apps’ country of origin

WASHINGTON — Sen. Tim Scott, R-S.C., is pushing for more transparency from social media applications amid privacy concerns about China-based…

Very few U.S.-China flights are back despite the end of Covid

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according…

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

Drones attack Russian oil refineries; Germany closes Russian consulates in retaliatory move

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

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…