business news

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…

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…