business news

Regional bank rebound stalls on Monday as PacWest gives back much of its early trading gains

PacWest Bancorp gave back most of an early rally on Monday as the rebound for regional bank stocks appeared to…

Russia launches fresh wave of strikes on Ukrainian cities; Wagner boss ditches threat to leave Bakhmut

This was CNBC’s live blog tracking developments in the war in Ukraine on May 8, 2023. Russia launched a new…

‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination

The U.K. may be a great place to build a tech company — but when it comes to taking the…

Hollywood’s Reynolds and McElhenney found success at Welsh soccer club Wrexham. But there’s a warning for would-be copycats

LONDON — When Ryan Reynolds and Rob McElhenney bought Wrexham AFC, a small Welsh soccer club languishing in the fifth…

Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling

Treasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn”…

Summer travel: How to save during a busy, expensive season

The following is an excerpt from “This week, your wallet,” a weekly audio show on Twitter produced by CNBC’s Personal…

Warren Buffett says American banks could face more turbulence ahead, but deposits are safe

Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety…

Warren Buffett says Berkshire managers were surprised by economic slowdown, earnings to decline

OMAHA, Neb. — Warren Buffett struck a pessimistic tone about Berkshire Hathaway‘s myriad of businesses on Saturday, saying he expects…

Warren Buffett says Berkshire Hathaway won’t take full control of Occidental Petroleum

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn’t…