News

The U.S. central bank will likely reduce its benchmark interest rate by 0.75 percentage points to 1 point this year and achieve a "soft landing," experts said.

JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned.

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.

Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28.

Valuations of Chinese stocks are "way too low," according to Shaun Rein, founder and managing director of the China Market Research Group.

In 2023, Amtrak revived long-held hopes for a Texas bullet train, in an attempt to capitalize on $66 billion in federal funds for passenger rail upgrades.

The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds.

For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions."

China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.

The newspaper said investigators have contacted passengers, pilots and flight attendants on the flight where a section of the plane ripped off midair.

On Friday, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week.