business news
How activist investors plan to take on Big Oil at the 2026 AGM season
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images Dutch group Follow This on Wednesday launched a newly revised strategy to take on Big Oil at the upcoming proxy season, seeking to increase shareholder pressure on the financial sustainability of fossil […]
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Bank of America hikes price target on this defense stock following major Pentagon investment
Bank of America sees shares of L3Harris Technologies moving higher following a massive investment from the U.S. Defense Department. The bank reiterated its buy rating on the aerospace and defense company and hiked its price objective to $400 from $350. That’s about 17% above where shares closed on Tuesday. The change comes a day after […]
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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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