business news

Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown.The Labor Department reported Friday that payrolls grew by 236,000 for the month, compared…
Read More...

Containers of Johnson's baby powder made by Johnson and Johnson are displayed on a shelf on July 13, 2018 in San Francisco, California.Justin Sullivan | Getty ImagesJohnson & Johnson on Tuesday said it will pay $8.9 billion over the…
Read More...

There's a corner of the market gaining traction among ETF investors, according to The ETF Store's Nate Geraci.The firm's president finds international ETFs are experiencing stronger inflows."There is a little bit of performance chasing…
Read More...

A man stands on the floor of the New York Stock Exchange (NYSE) on March 23, 2023 in New York City.Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter.…
Read More...

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington,…
Read More...

First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States.Tayfun Coskun | Anadolu Agency | Getty ImagesThe surge of deposits moving from smaller banks to big institutions including JPMorgan…
Read More...

U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC.Win Mcnamee | Getty ImagesWASHINGTON — Federal bank regulators are not considering any plans to…
Read More...

U.S. President Joe Biden delivers remarks during a reception celebrating Nowruz in the East Room at the White House in Washington, March 20, 2023.Kevin Lamarque | ReutersPresident Joe Biden on Monday signed legislation requiring the…
Read More...

WASHINGTON — Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank…
Read More...

CNBC's Jim Cramer on Thursday said the Federal Reserve no longer needs action to tame inflation — and it's because of the banking crisis.Cramer said 10 days ago that investors were expecting a possible 50-basis-point interest rate hike…
Read More...