business news
Bank of America is set to report fourth-quarter earnings – here’s what to expect
Brian Moynihan, Chairman and CEO of Bank of America, speaks with Economic Club of Washington Chair David Rubenstein at an event at the Ritz-Carlton on February 25, 2025 in Washington, DC. Anna Moneymaker | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: […]
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Russia watches as ally Iran edges closer to collapse. Here’s why it matters for Moscow
Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026. Mahsa | Afp | Getty Images As Iran’s future hangs in the balance as civil unrest gathers steam, its powerful ally Russia can do little but watch and wait as the U.S. ponders its next move against the Islamic […]
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Trump’s playbook on Greenland, Venezuela, and Iran is about taking on China, analysts say
In this photo illustration portraits of US President Donald Trump and Chinese President Xi Jinping are displayed on computer screen as US flag is seen. Dilara Irem Sancar | Anadolu | Getty Images In 10 days, Donald Trump captured the Venezuelan president, spooked European leaders with talk of annexing Greenland, and imposed 25% tariffs on […]
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CNBC’s The China Connection newsletter: Battle for the recovering luxury market heats up
Louis Vuitton officially opened a new flagship in downtown Beijing on Jan. 13, 2026. CNBC | Evelyn Cheng This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story For the last few weeks, a new […]
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Tariffs and AI’s downside pose top global risks for business, World Economic Forum says
A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic […]
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Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection
Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., Jan. 6, 2026. Angelina Katsanis | Reuters Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for bankruptcy protection after running out of cash and failing […]
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European stocks hit record high as focus shifts to Greenland talks; BP warns of $5 billion impairment charge
The flags of Denmark, left, and Greenland fly side-by-side outside Hotel Soma in Ilulissat, Greenland, on Monday, Jan. 12, 2026. Juliette Pavy | Bloomberg | Getty Images LONDON — European stocks opened in broadly positive territory on Wednesday as investors in the region focus on an upcoming meeting between U.S., Greenlandic and Danish officials to […]
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CNBC Daily Open: Worries over Iran and Fed independence weigh on markets
U.S. President Donald Trump visits a Ford production center in Dearborn, Michigan, U.S., January 13, 2026. Evelyn Hockstein | Reuters U.S. President Donald Trump said in a Truth Social post on Tuesday that he had “cancelled all meetings with Iranian Officials,” and reiterated his support for protestors fueling one of the largest anti-government demonstrations in […]
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What’s at stake as Greenland and Denmark prepare for a White House showdown
U.S. President Donald Trump, Secretary of State Marco Rubio and Vice President JD Vance meet Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner (not pictured) and Rwanda’s Foreign Minister Olivier Nduhungirehe (not pictured) in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters The Trump […]
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At least 2,571 killed in Iran’s protests, U.S.-based rights group HRANA says
Iranians gather while blocking a street during a protest in Tehran, Iran on January 9, 2026. Mahsa | Afp | Getty Images The death toll from protests in Iran has reached 2,571 people, the U.S.-based HRANA rights group said on Wednesday, as the Islamic Republic’s clerical rulers face the biggest wave of dissent in years. U.S. President Donald Trump urged Iranians on Tuesday to keep […]
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