Biden, McCarthy reach final deal to prevent default, now must sell to Congress
With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final…
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but…
What’s in the debt ceiling deal struck by Biden and McCarthy?
President Joe Biden and Republican House Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend the debt ceiling and…
Chinese consumers won’t return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says
BEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks,…
Spain’s conservative PP elbows Socialists out in regional elections
Spain’s ruling Socialists suffered heavy losses to opposition conservatives in Sunday’s local election, with around 95% of the votes counted,…
Stocks making the biggest premarket moves: ChargePoint, Ford, Nvidia, Tesla and more
Check out the companies making some of the biggest moves in premarket trading. ChargePoint — Shares of the electric vehicle…
Russia ramps up Kyiv bombardment; Putin and Zelenskyy congratulate Erdogan on reelection
This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Ukrainian capital Kyiv…
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
Cryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to…
Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease
Wholesale prices rose less than expected in April, according to a Labor Department report Thursday that provides more hope that…
Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead
A handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States’ $31.4 trillion debt…
