U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress
Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”
International stock trade could be in the first inning as investors seek alternatives to U.S. tech
FANG and other big cap tech have faded as favorite trades, but investing in foreign stocks as a way to generate better returns is just beginning.
Trump Organization hit with $1.6 million fine for criminal tax fraud scheme
Two subsidiaries of the Trump Organization, former President Donald Trump’s business, were hit with fines of $1.6 million at sentencing.
Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit losses
Citigroup reported fourth-quarter earnings on Friday. Here’s how they did.
Just one G-7 leader will join the Davos elite this year as regular people battle cost-of-living crisis
While the WEF summit has had low G-7 attendance in the past, one political advisor said leaders would be especially wary amid the cost-of-living crisis.
Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF committed fraud
SkyBridge Capital can buy back the stake it sold to FTX, founder Anthony Scaramucci told CNBC.
Kyiv denies Russia’s claim of control over contested Soledar; Ukraine set to receive more Western tanks
Ukraine is denying Russia’s claim of control over Soledar. If true, it would be Moscow’s first significant victory in months.
Biden advisor says oil price cap is working as Russia takes economic hit
Amos Hochstein, special presidential coordinator to Joe Biden, told CNBC the G7’s oil price cap had so far “achieved our interest.”
UK economy ekes out growth in November surprise — but recession still seen as inevitable
A Reuters poll of economists had forecast a 0.2% contraction amid a bleak overall picture for the British economy.
Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse
Crypto.com said it will reduce about 20% of its workforce, as cryptocurrency exchanges face industry-wide challenges following the collapse of FTX.
