Business

Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey.STEFAN ROUSSEAU/POOL/AFP via Getty ImagesLONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister…

Pixelcatchers | E+ | Getty ImagesIt's not an easy time to be a small business in search of financing. For LGBTQ owners, the struggle has been even harder.LGBTQ-owned businesses reported more rejections than non-LGBTQ businesses that applied…

Inflation pressures eased slightly in May as consumer spending slowed considerably, according to a Commerce Department report released Friday.The personal consumption expenditures price index, a number closely watched by the Federal…

A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesNike reported mixed fiscal fourth-quarter earnings on Thursday, as lower margins weighed on…

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China.Ucg | Universal Images Group | Getty ImagesThe U.S. will enter a downturn in the fourth quarter, followed by a "year of…

David Leal installs a tailpipe on a vehicle at Muffler Pros on April 12, 2023 in Hollywood, Florida.Joe Raedle | Getty ImagesThe U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought, according…

Walgreens Boots Alliance on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter due to lower consumer spending and a drop in demand for Covid vaccines and testing.The…

Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), spoke to CNBC at the ECB Forum in Portugal.Bloomberg | Bloomberg | Getty ImagesMajor central banks will have to keep interest rates high for much longer…

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty…

Fresh PMI data came in below expectations and pointed to an economic slowdown.Bloomberg | Bloomberg | Getty ImagesBusiness activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Thursday reported quarterly earnings that topped Wall Street's expectations,…

A member of the public walks through heavy rain near the Bank of England in May 2023.Dan Kitwood | Getty Images News | Getty ImagesLONDON — The Bank of England is "caught between a rock and a hard place" as it prepares for a key monetary…

Jim Casselberry, KnownSource: KnownBlack people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive.Veteran portfolio manager Jim Casselberry is trying to do something about that, using…

Houses pictured on 8th June 2023 in Halifax, United Kingdom. U.K. borrowers are facing sharply higher mortgage costs.Mike Kemp | In Pictures | Getty ImagesLONDON — U.K. borrowers are facing a cliff edge that could damage the economy as…

Dollar, yuan, yen and euro notes.Ullstein Bild Dtl. | Ullstein Bild | Getty ImagesFrom hawkish pauses to rate hikes and dovish tones, the world's biggest central banks last week struck very different tones on monetary policy.The European…

The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.The consumer price index, which measures changes in a multitude of goods and services, increased just 0.1% for the month,…

The U.K. Treasury building.Matthew Lloyd | Bloomberg | Getty ImagesLONDON — U.K. borrowing costs, as measured by the yield on short-dated government bonds, rose above levels last seen following Britain's market-destabilizing "mini-budget"…

Gas prices on a sign at a Shell gas station in San Francisco, California, US, on Tuesday, May 23, 2023.Bloomberg | Bloomberg | Getty ImagesInflation data from May will show that the price increases that have been bedeviling consumers for…

Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle shares climbed as much as 5% in extended trading on Monday after…

Shell gas station prices are seen on May 30, 2023 in Austin, Texas.Brandon Bell | Getty ImagesConsumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey released Monday.The…

A satellite image captured by a SkySat shows the breached Kakhovka dam in Ukraine on June 6, 2023.PlanetShares of Planet fell after the satellite-imagery and data-analysis company cut its annual revenue guidance following when it reported…

The Docusign Inc. application for download in the Apple App Store on a smartphone arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesDocuSign, the e-signature provider,…

A woman wearing a face mask as a preventive measure walks past the New York State Department of Labor in Flushing, Borough of Queens, New York.John Nacion | LightRocket | Getty ImagesFirst-time jobless claims rose sharply last week in a…

The German economy entered a recession in the first quarter.Bloomberg | Bloomberg | Getty ImagesThe euro zone entered a recession in the first quarter of this year, and economists are not optimistic for the coming months.The 20-member bloc…

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.Source: NasdaqGitLab shares rose 31% on Tuesday after the provider of code-deployment software notched a loss that was narrower than analysts expected while reporting an…

Steve Debenport | E+ | Getty ImagesThe U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report.The overall unemployment rate last month was 3.7%, a gain of 0.3 percentage points…

Higher rates and overhangs from this year's banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday.The institution said advanced economies — the U.S., Japan and Euro area countries…

A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022.Olivier Douliery | AFP | Getty ImagesThe U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday.Payrolls in the public and private sector increased by 339,000 for the…

Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCShares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance.Earnings: 56…