Business news
- Intel stock drops 14% as manufacturing troubles overshadow earnings beat - Over the last year, Intel shares have rallied more than doubled on hopes of a turnaround for the embattled American chipmaker.
- Trump's push for Greenland mineral rights could block China's access to rare earths - Greenland has the eighth largest rare earth reserves in the world at 1.5 million tons, according to 2024 data from the U.S. Geological Survey.
- Shares of CSG, one of the world’s fastest-growing defense firms, jump 30% on debut - Shares of Czech-based defense firm Czechoslovak Group (CSG) soared over 30% on its stock market debut on Friday.
- What obesity drugmakers see next in the market: More pills, easier access and drug combinations - CNBC spoke to executives from Eli Lilly, Novo Nordisk, Pfizer and other drugmakers at the annual JPMorgan Healthcare Conference in San Francisco.
- Wall Street braced for a private credit meltdown. The risk of one is rising - Private credit is expected to grow from $3.4 trillion in 2025 to an estimated $4.9 trillion by 2029. Wall Street is starting to raise alarms about the risks.
- Trump signed his Gaza 'Board of Peace' into being. Here's who's on it — and who isn't - European nations did not attend Trump's "Board of Peace," signing at the World Economic Forum in Davis, Switzerland.
- Airlines cancel hundreds of flights as massive winter storm sweeps across U.S. - U.S. airlines canceled flights and waived change fees for travelers as a cold snap and massive winter storm were forecast to sweep across the country.
- From French drug pricing to 'loser' windmills: A rundown of who Trump criticized at Davos - U.S. President Donald Trump sharply criticized a number of current and former political leaders at the World Economic Forum in Davos.
- Adani group stocks plunge as U.S. SEC looks to question founder over fraud charges - Adani group faces worries of U.S. SEC action against bribery and fraud charges.
- India's largest airlines sees shares drop after earnings plunge 78% on forex and other provisions - Weak currency, labour reforms and passenger compensation costs dragged Indigo's earnings.