business news

Wells Fargo’s first-quarter profit and revenue top the Street

Wells Fargo reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves.…

Stocks making the biggest moves before the bell: JPMorgan Chase, Wells Fargo, PNC, Lucid, Express & more

Check out the companies making headlines in premarket trading. JPMorgan Chase – The banking behemoth popped more than 5% after…

Banking crisis forces ECB policymakers to rethink rate hikes, but focus still firmly on inflation

European Central Bank policymakers are reconsidering the path of interest rate hikes in light of last month’s banking turmoil, but…

Fears mount that Europe’s commercial real estate sector could be the next to fall

Concerns are mounting around the health of Europe’s commercial real estate market, with some investors questioning whether it could be…

Pentagon leak suspect, 21, appears in court; Ukraine making some withdrawals in Bakhmut, UK says

This was CNBC’s live blog tracking developments on the war in Ukraine on April 14, 2023. See here for the…

JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%

JPMorgan Chase posted record first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from…

No shield for Trump in rape accuser’s case as court declines to rule

A Washington, D.C., appeals court on Thursday declined to shield Donald Trump from the first of two civil defamation lawsuits by E. Jean Carroll, a writer…

Judge lets Trump lawyers question rape accuser E. Jean Carroll on LinkedIn founder funding

A federal judge on Thursday said he will allow lawyers for Donald Trump to question his rape accuser, the writer…

George Santos has a possible challenger, as ex-Democratic Rep. Tom Suozzi considers a run for his old seat

Former Democratic Rep. Tom Suozzi of New York is telling political leaders and wealthy donors that he is considering running…

EU will issue fresh wave of sanctions to stop Russia reinventing their war machine, official says

The European Union will launch an 11th wave of sanctions on Russia and seek to crack down on efforts to…