business news

U.S. judge restricts Biden officials from contact with social media firms

A U.S. federal judge on Tuesday restricted some agencies and officials of the administration of President Joe Biden from meeting…

Fireworks cause $59 million of property damage a year. Your insurance policy may cover it

Fireworks-related damage may be covered by your renters or homeowners insurance policy — but not always. “The very short answer…

China’s Xi says countries share responsibility to promote growth, opposes decoupling

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes “decoupling and breaking links,” according to a CNBC translation…

Inflation blame game: UK economic woes set government and central bank on a collision course

LONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister Rishi Sunak vowed…

Ukraine war live updates: Wagner’s Prigozhin reportedly resurfaces; NATO extends Stoltenberg’s term

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

HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’

The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and…

Before Apple’s Vision Pro hits the shelves, lower-priced rival Xreal claims it’s near 200k shipments

BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments…

BYD launches its most direct Tesla competitor yet

BEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor yet to Tesla’s…

OCBC is looking to Greater China and Southeast Asia for a $2.2 billion boost in revenue

Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects…

Stocks making the biggest moves midday: Tesla, Rivian, XPeng and more

Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged…