Business

Cheng Xin | Getty Images News | Getty Images Bitcoin and crypto stocks extended their rally to start the week after the flagship cryptocurrency broke out of its trading range as investor concern over inflation and the fiscal deficit grew. The price of bitcoin was higher by more than 1% on Monday, trading just under

A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters A Goldman Sachs partner leading one of the bank’s flagship artificial intelligence projects warned that AI’s spread across Wall Street risks hobbling the

Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued

United Airlines CEO Scott Kirby speaks during a media event showcasing the airline’s new premium “Elevated” aircraft interior at Los Angeles International Airport, March 24, 2026. Patrick T. Fallon | AFP | Getty Images NEWARK, New Jersey — Scott Kirby says he doesn’t believe in revenge. “Everyone thinks I do, but no, I don’t,” said

Charles Scharf, chief executive officer of Wells Fargo & Co., and Jane Fraser, chief executive officer of Citigroup Inc. Caroline Brehman | Qilai Shen | Bloomberg | Getty Images Walk the halls of any major banking conference or listen in on a quarterly earnings call, and one topic keeps coming up: With the window for

The Empire State Building, the Chrysler Building and One Vanderbilt are seen among other buildings in midtown Manhattan in New York, Jan. 11, 2024. Angela Weiss | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for

Chinese consumer electronics company Xiaomi showed off its humanoid robot in Beijing at the World Humanoid Conference in August 2026. Evelyn Cheng | CNBC BEIJING — The big challenge for humanoid robots is still getting the technology to work well, according to industry leaders speaking alongside the World Robot Conference in Beijing this week. Robots

Coca-Cola used its new Mixology dispenser to make refreshers at the National Restaurant Association show. Source: Coca-Cola ATLANTA — Coca-Cola is branching out into new customizable drinks and trend-driven equipment as consumers — and food service operators — increasingly want more options. Tucked away in an anonymous office park not far from its global headquarters

A view of a Bitcoin ATM at Northgate Mall on Feb. 5, 2026, in San Rafael, California. Justin Sullivan | Getty Images Bitcoin’s more than 20% rally this week has sent the cryptocurrency to heights it hasn’t seen since May, but traders on prediction market platform Kalshi see it ending 2026 near current levels. Speculators

China was once one of the most attractive and fastest-growing markets for many American brands. With its population of more than 1.4 billion people and massive opportunities for businesses, companies were racing to take advantage of the boon that China could offer. But in recent years, some consumer brands, including Nike, Starbucks and General Motors,

Matt Zames, then-chief operating officer of JPMorgan Chase, center, in New York, Feb. 27, 2017. Kholood Eid | Bloomberg | Getty Images Former JPMorgan Chase executive Matt Zames will join the Trump administration as an advisor to the Social Security agency, CNBC has learned. Zames is taking an unpaid position to help his former JPMorgan

Walmart on Thursday posted quarterly sales that beat Wall Street estimates and raised its outlook for the year, as it saw another strong quarter of e-commerce growth and benefited from tariff refunds. “Our business is strong,” CFO John David Rainey told CNBC. “We feel really good about the progress we’re making.” The retailer said revenue

Federal Reserve officials indicated at their last meeting that they would need to raise interest rates soon unless there was more progress on bringing down inflation, minutes released Wednesday showed. “Many participants assessed that policy tightening would likely be necessary if inflation did not decline,” stated the summary of the meeting, held July 28-29. “Some

California Attorney General Rob Bonta told CNBC’s David Faber on Thursday that the group of states suing to block Paramount Skydance’s proposed acquisition of Warner Bros. Discovery would require “robust structural remedies” to reach a settlement in the antitrust case. “[Paramount] wanted to talk about everything except for what this case is about. They want

China’s yuan has strengthened against the U.S. dollar this year. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese government bonds can play an important role in portfolio diversification as they are likely to continue behaving differently from other countries’ debt, strategists say. China’s yields have edged down in recent months even as benchmarks in

Lowe’s on Wednesday reported mixed quarterly results as the home improvement retailer said it saw “pressure” in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance. It now expects total sales of $92 billion, compared with $92 billion to $94

Los Angeles Dodgers chairman Mark Walter during a press conference announcing a new partnership between the Los Angeles Dodgers and UNIQLO at Dodger Stadium in Los Angeles on Wednesday, March 25, 2026. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images Carvana shares are headed for a double-digit weekly loss as a federal

The rising sun illuminates the Target corporate logo on a sign at a store on May 19, 2026, in Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images Target is expected to report fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress under CEO Michael Fiddelke.