business news

Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more

Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped…

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well…

Drones hit Moscow buildings; Kyiv attacked by third Russian bombardment in 24 hours

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

Goldman Sachs is cutting jobs again amid Wall Street deals slump

Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump…

Fed Governor Waller casts doubt on need to conduct climate change tests for banks

Federal Reserve Governor Christopher Waller on Thursday cast doubt on the need for special focus on how banks are preparing…

Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate

WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…

UK economy grows by 0.1% in the first quarter but inflation continues to weigh

LONDON — The U.K. economy grew by 0.1% in the first quarter, following an unexpected contraction in March, official figures…

Sen. Tim Scott pushes bill that would require disclosure of apps’ country of origin

WASHINGTON — Sen. Tim Scott, R-S.C., is pushing for more transparency from social media applications amid privacy concerns about China-based…

Very few U.S.-China flights are back despite the end of Covid

BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according…