Business

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Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%

Kering slightly beats fourth-quarter forecasts even as...

French luxury goods firm Kering reported better-than-expected fourth-quarter sales...

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A $4 million Bugatti and Michael Jordan's BMW brought car auction company a record year

A $4 million Bugatti and Michael Jordan's BMW brought car...

Bring a Trailer's strong results defied the broader slowdown in the classic car...

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IRS cutting 6,000 jobs: Impact of tax filing, audits and collection enforcement

IRS cutting 6,000 jobs: Impact of tax filing, audits and...

CNBC's Robert Frank joins 'Squawk Box' to report on the latest news.

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DOGE layoffs may 'overwhelm' unemployment system for federal workers, report finds

DOGE layoffs may 'overwhelm' unemployment system for federal...

The Trump administration's purge of federal staff may flood a benefits system ill-equipped...

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Sen. Blumenthal asks Visa for records of its payments deal with Elon Musk’s X

Sen. Blumenthal asks Visa for records of its payments deal...

The Senate request is one of the first signs of scrutiny on Visa after a late January...

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Passive investing movement gets its Hollywood moment

Passive investing movement gets its Hollywood moment

The film from Academy Award-winning documentarian Errol Morris had its New York...

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Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates

Powell says Fed is awaiting 'greater clarity' on Trump...

Powell reiterated statements he and his colleagues have made recently counseling...

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Euro zone inflation dips to 2.4% in February as ECB bets point to sixth rate cut

Euro zone inflation dips to 2.4% in February as ECB bets...

Economists surveyed by Reuters had been expecting inflation to ease to 2.3% in February.

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'Very concerned' about Europe's struggling economy, European Central Bank policymaker Centeno says

'Very concerned' about Europe's struggling economy, European...

On Thursday, the ECB had revised its gross domestic product expectations for the...

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Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

Treasury Secretary Bessent says economy could be 'starting...

President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk...

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U.S. payroll growth totals 151,000 in February, less than expected

U.S. payroll growth totals 151,000 in February, less than...

Nonfarm payrolls were expected to increase 170,000 in February, according to the...

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Here’s where the jobs are for February 2025 – in one chart

Here’s where the jobs are for February 2025 – in one chart

February marked another strong month for health care despite job growth overall...

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Unemployment rate in February drops for Black men, but rises for Hispanic women

Unemployment rate in February drops for Black men, but...

For Black men age 20 and older, the unemployment rate notably declined to 5.5% in...

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Justice Department is looking into egg prices in antitrust probe, report says

Justice Department is looking into egg prices in antitrust...

A report in The Wall Street Journal says DOJ investigators are looking into whether...

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Starting the day with a healthy breakfast is becoming a pricey luxury

Starting the day with a healthy breakfast is becoming a...

The rise in costs comes as consumers signal that they are increasingly tapped out...

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Next UPI is energy, envisions energy marketplace: Nilekani

Next UPI is energy, envisions energy marketplace: Nilekani

Infosys chairman Nandan Nilekani envisions a future where energy is traded in small...