business news

Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years

Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may…

Mercenary boss says fighting in Bakhmut is battering both sides; Russia tests intercontinental ballistic missiles

This was CNBC’s live blog tracking developments on the war in Ukraine on March 30, 2023. See here for the…

U.S.-China tech rivalry will continue to put Chinese firms under intense scrutiny

Chinese companies will continue to face intense scrutiny as U.S.-China tensions and competition won’t be easing anytime soon, one analyst…

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey…

SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed’s Barr testifies

The run on Silicon Valley Bank’s deposits this month went far deeper than was initially known. Since the day regulators…

Stocks making the biggest moves midday: Micron, Paramount, McCormick and more

Check out the companies making headlines in midday trading Tuesday. PagSeguro — Shares popped 4.1% on Tuesday after Citi upgraded…

Pence ordered to testify in probe of Trump’s efforts to overturn 2020 election

A federal judge ordered former Vice President Mike Pence to comply with a grand jury subpoena issued as part of…

BlackRock warns that investors are making a mistake by betting on the Fed to cut rates

Investors are too confident the Federal Reserve will cut interest rates this year and could pay the price later, according…

As McCarthy laments ‘no progress,’ here’s where U.S. debt ceiling talks stand

House Speaker Kevin McCarthy said Tuesday that there has been “no progress” in debt ceiling negotiations between House Republicans and…