business

Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase

A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…

UBS to pay $1.4 billion over fraud in residential mortgage-backed securities

Swiss bank UBS agreed to pay a combined $1.4 billion in civil penalties over fraud and misconduct in its offering…

Death toll from Hawaii wildfires will rise as search teams comb Lahaina wreckage, governor says

The death toll, now at 96, from catastrophic wildfires in Hawaii is expected to rise significantly in the coming days…

Stocks making the biggest moves midday: AMC, U.S. Steel, PayPal, Tesla and more

Check out the companies making headlines in midday trading. AMC — Shares of the movie theater stock sank almost 35%…

Stocks making the biggest moves before the bell: U.S. Steel, Tesla, Urban Outfitters and more

Check out the companies making headlines in premarket trading. U.S. Steel — Shares of the steel producer surged more than…

Stocks making the biggest moves midday: News Corp, Alibaba, Applied Materials and more

Check out the companies making headlines in midday trading. News Corp — The media company’s shares jumped nearly 7% after…

Hawaii wildfires leave dozens dead, thousands homeless in one of the worst disasters in state history

Catastrophic wildfires in Hawaii have left devastation in their wake, killing dozens, leaving thousands homeless and reducing a historic town…

Stocks making the biggest moves premarket: Six Flags, UBS, IonQ, Archer Aviation and more

Check out the companies making headlines in premarket trading. UBS — Stock in the Swiss bank ticked up 4.6% before…

First Australia embraced Barbie, then came new heroes in cleats

Brisbane, Australia CNN  —  Less than a month ago, Australian cinemas were packed with Barbie fans wearing pink in honor…

Supreme Court blocks Purdue Pharma’s massive opioid settlement, will hear challenge

Read more of CNBC’s politics coverage: The Supreme Court on Thursday blocked, for now, a multi-billion-dollar bankruptcy settlement by Purdue…