business news

U.S. imposes fresh sanctions on financial network linked to Russian oligarch Alisher Usmanov

WASHINGTON — The Biden administration imposed fresh sanctions on Wednesday aimed at the financial network linked to Russian billionaire and business…

Warren Buffett says he doesn’t understand A.I. but he asked ChatGPT to write a song in Spanish

Legendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he…

Abortion pill ruling puts ‘judge shopping’ concerns back in spotlight

A pivotal fight over the Food and Drug Administration’s approval of the abortion pill mifepristone has spurred new accusations of…

Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…

Republican Sen. Tim Scott launches 2024 presidential exploratory committee

Sen. Tim Scott of South Carolina launched an exploratory committee for a 2024 presidential campaign on Wednesday, taking a major…

Warren Buffett says we’re not through with bank failures

Investing legend Warren Buffett believes there could be more bank failures down the road, but depositors should not ever be…

Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and more

Check out the companies making headlines before the bell Wednesday. Shopify — Shares of the e-commerce company gained 2.4% after…

Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity

Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I…

Zelenskyy slams ‘beasts’ in gruesome beheading video; Kremlin calls footage ‘terrible’

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

Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warns

The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now…