business news

‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments

JPMorgan Chase CEO Jamie Dimon’s assertion that recent turmoil in the banking sector was effectively ended by the resolution of…

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is…

Putin warned of arrest if he attends summit; Kremlin rejects U.S. claim of 100,000 Russian casualties

This was CNBC’s live blog tracking developments on the war in Ukraine on May 2, 2023. See here for the…

Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor

WASHINGTON — Bipartisan lawmakers are urging the nation’s top markets regulator to require Chinese fast-fashion giant Shein to disclose potential…

Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more

Check out the companies making headlines in after-hours trading. Arista Networks — The cloud networking company slid 7% despite beating…

Senate Judiciary Democrats underwhelmed by Supreme Court chief Roberts’ ethics response

Supreme Court Chief Justice John Roberts in a letter Monday answered additional questions about ethics on the high court —…

The U.S. could hit the debt ceiling by June 1, much sooner than expected, Yellen warns

WASHINGTON — Treasury Secretary Janet Yellen on Monday warned that the United States may run out of measures to pay its…

Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and…

Bitcoin pulls back to start May as First Republic Bank saga comes to an end

Cryptocurrencies took a dip on Monday to start the week and new month as investors bet the takeover of First…