business news

China imposes further sanctions on Taiwan’s U.S. representative

China has imposed further sanctions on Hsiao Bi-khim, Taiwan’s de facto ambassador to the United States, prohibiting her and family…

Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more

Check out the companies making headlines in midday trading. Costco — The wholesale retailer’s shares dropped 2.2% after the company…

Clarence Thomas has accepted undisclosed luxury trips from GOP megadonor for decades, report says

Supreme Court Justice Clarence Thomas has accepted secret luxury trips from Republican megadonor Harlan Crow for more than two decades…

Australian regulator cancels Binance’s license at exchange’s own request

Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday,…

Here’s why travel to Europe is no longer a ‘screaming, bargain-basement’ deal

Travel to many European nations looked like a bargain heading into summer and fall last year thanks to a favorable…

Layoffs are up nearly fivefold so far this year with tech companies leading the way

Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from…

Stocks making the biggest moves premarket: Costco Wholesale, Richardson Electronics, FedEx and more

Check out the companies making headlines before the bell: Richardson Electronics – Shares rose about 0.7% after Richardson Electronics reported…

March’s banking chaos gave short sellers their biggest profits since the financial crisis

Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…

France’s Macron, EU chief call on China to mediate in Ukraine war

Two of Europe’s top political heavyweights on Thursday held talks with China’s President Xi Jinping, at a time when the…

Over 8 million Ukrainians are now refugees; Kyiv may negotiate on Crimea

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