business news

March’s banking chaos gave short sellers their biggest profits since the financial crisis

Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…

France’s Macron, EU chief call on China to mediate in Ukraine war

Two of Europe’s top political heavyweights on Thursday held talks with China’s President Xi Jinping, at a time when the…

Over 8 million Ukrainians are now refugees; Kyiv may negotiate on Crimea

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

IMF says U.S-China tensions could cost the world about 2% of its output

The International Monetary Fund said in a Wednesday report that global tensions could disrupt overseas investment and eventually lead to…

Ex-fugitive in $100 million NJ deli case granted bail, but kept jailed as feds fight release

A former fugitive in the securities fraud case of the notorious $100 million New Jersey deli has been granted bail…

Trump faces more legal threats beyond a hush money case. Here’s the status of those probes

Hours after his historic arrest in Manhattan, former President Donald Trump lashed out in a speech Tuesday night at each…

Western Alliance shares cut losses after the bank says deposit outflows are stabilizing

Shares of Western Alliance Bancorp cut steep losses Wednesday after the regional bank gave a new update showing deposit outflows…

Stocks making the biggest moves midday: Nvidia, Palantir, Western Alliance, Johnson & Johnson and more

Check out the companies making headlines in midday trading. Nvidia – Shares of the chipmaker slid about 3% a day…

McCarthy meets with Taiwan leader as China threatens ‘actions’ in response

House Speaker Kevin McCarthy and a bipartisan congressional delegation met Wednesday with Taiwanese President Tsai Ing-wen in Simi Valley, California, in…