business news

Stocks making the biggest moves midday: Overstock, Tesla, Accenture and more

Check out the companies making headlines in midday trading. Overstock.com — Shares jumped 17.3% on news the e-commerce company won the…

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…

Watch Fed Chair Jerome Powell speak live to Senate banking panel

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

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…