business news

Russian plane collides with U.S. drone; Poland may send fighter jets to Ukraine

This was CNBC’s live blog tracking developments on the war in Ukraine on March 14, 2023. See here for the…

UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says

LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are…

Sen. Warren urges Fed Chair Powell to recuse himself from review of Silicon Valley Bank collapse

WASHINGTON — Sen. Elizabeth Warren on Tuesday pushed Fed Chair Jerome Powell to remove himself from the central bank’s review…

OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger

OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…

Citing ‘death threats,’ Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet

Citing death threats and harassing phone calls, the federal judge who is presiding over a pivotal case that could decide…

Key Fed inflation measure rose 0.6% in January, more than expected

A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank…

Rep. George Santos files 2024 statement of candidacy — but it doesn’t mean he’s running for reelection

Embattled Republican Rep. George Santos of New York took a step Tuesday toward a possible bid for a second term…

Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says

The Federal Reserve is unlikely to be able to bring down inflation without having to raise interest rates considerably higher,…

Russian jet collides with, downs U.S. drone over Black Sea

WASHINGTON — A Russian fighter jet downed a U.S. drone operating over the Black Sea on Tuesday, U.S. European Command…

The racial retirement savings gap remains wide – How these state IRA programs are working toward equity

The income and wealth gaps between people of color and white households are wide, but state-run retirement programs are attempting…