The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday.
Australia to buy up to 220 Tomahawk missiles from the U.S.
The deal comes days after Australia announced it would buy nuclear-powered attack submarines from the U.S. to modernize its fleet.
Short sellers are doubling down on these European banks — and Credit Suisse isn’t their top target
As short sellers double down on European banks, they’re sitting on nearly $2 billion in profit from March alone.
Tesla vs. BYD: Market pros pick their favorite electric vehicle giant
Constellation Research’s Ray Wang believes Tesla versus BYD is “a story for the ages.”
Dow closes nearly 400 points lower on Friday as First Republic and regional banks resume slide: Live updates
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis.
Jim Cramer says the banking crisis is fighting inflation for Powell and the Fed
CNBC’s Jim Cramer on Thursday said the banking crisis is fighting inflation and the Fed no longer needs to take action.
This is why the Federal Reserve could stay the course and raise interest rates again
The market anticipates the Fed will hike rates by 25 basis points next week, but the central bank can reverse course if the financial system is in distress.
China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says
A GOP plan to pay off certain debts to avoid default instead of passing a debt ceiling bill is a “dangerous idea,” said Yellen.
Facing political pressure, Sanofi follows Eli Lilly and Novo Nordisk in slashing insulin prices
The French drugmaker is the last major insulin manufacturer to try to head off government efforts to cap monthly costs by announcing its own steep price cuts.
FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit
FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.