CNBC Business

Fitch Ratings warned that U.S. banks have inched closer to sweeping rating downgrades on dozens of lenders, including JPMorgan Chase and Bank of America.

VinFast has so far imported about 2,100 of its EVs to the U.S. from Vietnam, and brought nearly 800 more to Canada.

The Poseidon Dynamic Cannabis ETF is closing up shop and cashing out to its shareholders nearly two years after it launched and following a sharp drop.

Longtime ESPN SportsCenter anchor Sage Steele is exiting the network after a lawsuit settlement.

A recent jump in mortgage rates has taken the steam out of recent gains in homebuilder sentiment.

Chick-fil-A customers can buy the chain's new Honey Pepper Pimento Chicken Sandwich in restaurants nationwide, starting Aug. 28.

Current Kraft Heinz CEO Miguel Patricio will stay on as chair of the board after stepping down.

Parade, the underwear startup that vowed to be the opposite of Victoria's Secret, has agreed to be bought by Fruit of the Loom licensee Ariela & Associates.

Blankfein, a former CEO of Goldman Sachs, pushed back on a report saying he had offered to return to the firm to help current CEO David Solomon.

Biden's statement comes as the UAW has withheld a reelection endorsement for the president.

Nikola is recalling all 209 of its battery-electric semitrucks after a June fire was traced to a truck's battery pack.

As Home Depot, Target and Walmart report earnings, retailers and investors have had to weigh contradictory factors as they predict consumer spending patterns.

The Swiss bank's settlement is the final case prosecutors brought over misconduct that led up to the global financial crisis.

CBS News said Wendy McMahon will take over as its new CEO and president.

Peter Stern, who most recently served as vice president of services at Apple, will be president of "Ford Integrated Services."

The departure comes in the months following Fox and its cable networks' $787.5 million settlement with Dominion Voting Systems to end the defamation lawsuit.

Illumina's acquisition of cancer test developer Grail has also faced heavy scrutiny from antitrust regulators in the U.S. and European Union.

Companies like Nordstrom, Macy's and Sephora have partnered with the Fifteen Percent Pledge to drive sales to Black-owned businesses.

Nine states have passed laws addressing organized retail crime and Congress is considering federal action. Experts say the new laws may not reduce crime.

The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit.