business news

Shifting to life post-Covid: How remote work transformed this city in the Midwest

Lansing, Michigan may never be the same. The city of just over 110,000 residents, known for its towering state capitol…

Drones attack Russian oil refineries; Germany closes Russian consulates in retaliatory move

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

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington and Beijing, as…

Consumer debt passes $17 trillion for the first time despite slide in mortgage demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…

FTC’s Lina Khan presses ahead with sprawling antitrust plans in the face of GOP opposition

Republican lawmakers have for years launched barrages of criticism at Biden administration regulatory agencies and their diverse leaders — and…

British digital bank Monzo hits monthly profitability for the first time after spike in lending

Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…

Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation

Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department…

Former New Jersey Gov. Chris Christie to launch presidential campaign next week

Former New Jersey Gov. Chris Christie, one of former President Donald Trump’s most vocal Republican critics, is poised to announce…

ECB’s de Guindos warns financial markets are vulnerable to a sharp sell-off

Financial markets could face a sharp downturn in the event of any further shocks to the global economy, European Central…

Bank of England governor says the UK is facing a wage-price spiral

LONDON — After more than a year of warnings, Bank of England Governor Andrew Bailey says the U.K. is now…