News

Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts

Eventual 2, 3% inflation in the U.S. is "very acceptable" outcome, given the conditions that the Federal Reserve had to grapple with.

Chinese President Xi Jinping told U.S. business executives Thursday the two countries have to choose between being adversaries or partners.

U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries.

U.S. President Joe Biden and President Xi Jinping of China are expected to discuss fentanyl flows, use of artificial intelligence and access to high-end tech.

Under pressure to improve Citigroup's performance, the bank will announce layoffs starting Wednesday, CNBC has learned.

UBS Group CEO Sergio Ermotti says the "incredible" market demand for the bank's recent issuance of AT1 bonds is a "signal to the Swiss banking system."

The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.

China on Wednesday reported better-than-expected retail sales and industrial data for October, while the real estate drag worsened. 

The PGA Tour is in talks with Saudi Arabia's Public Investment Fund to complete a framework aagreement they reached earlier this year.

The consumer price index continued a steady decline in October on the back of lower gasoline prices.

Former St. Louis Fed President Jim Bullard says the Federal Reserve still has "a ways to go" in fighting inflation and that there is still a risk that prices pick up once again.