CNBC World News

Wage compression can occur when long-term employees and their wages fail to keep pace with the market — while newer employees are paid the market rate.

U.S. banks have experienced historically low loan defaults over the last few years due to low interest rates and the flood of Covid stimulus money.

Kashkari told CNBC on Monday he's open to holding off on another rate hike, but cautioned against reading too much into a pause.

The EU, a group of 27 nations, was openly thrilled with the election of Joe Biden in late 2020 after four challenging years under the presidency of Trump.

Pfizer and Moderna are ushering in a new era for their Covid shots that aims to simplify what people need to do to coexist with the virus.

Shares of British fintech Wise sank Monday after announcing its CFO Matt Briers is leaving the company.

An analyst has warned it is "impossible" and "dangerous" to isolate Beijing, after the G-7 issued its strongest ever message to China over the weekend.

Shares of its South Korean and Chinese rivals surged on Monday, some as much as up to 8% higher.

Biden and McCarthy to meet at the White House on Monday to try to avoid looming debt default.

Ford is hosting a "Delivering Ford+" capital markets day in which it has promised to provide details of how it expects to achieve previously stated targets.

Meta has been fined a record 1.2 billion euros ($1.3 billion) by European privacy regulators over the transfer of EU user data to the U.S.

GM said the new SUV will be called the "Escalade IQ," which continues Cadillac's EV naming strategy that so far includes the Lyriq and upcoming Celestiq.

Kurt Cobain's smashed Fender Stratocaster guitar sold at auction for $595,900 on Saturday, more than 10 times its original estimate.

Analysts are bullish on China's tech industry even if recovery is not uniform across different tech companies.

Ryanair CEO Michael O'Leary said the airline's "industry leading" fuel hedging contributed significantly to its full-year profit.

The good news: Biden will meet McCarthy in person later today to discuss the debt ceiling. The bad: There’s no telling how the talks will proceed.

The Norwegian government says it is seeking to maintain Europe's energy security by exploring the Barents Sea for further resources.

Music mogul-turned-multimillionaire Simon Cowell said his career success was inspired by an early piece of advice from his father.

The impact of a widening rift between the U.S. and China may lead to further damage, economists warn.

The Singapore Prime Minister said Monday in a Facebook post he has tested positive for Covid-19 for the first time, after returning from recent state visits.