CNBC News

The third winter storm in two weeks roared into coastal New England on Tuesday, with up to 20 inches (51 cm) of forecast snow causing school closures, flight cancellations and raising the risk of power outages. The nor’easter follows two storms that rumbled up the East Coast this month, killing […]

Consumer prices rose 0.2 percent in February, in line with expectations and likely alleviating concerns that inflation is about to accelerate, according to the Labor Department. On a year-over-year basis, the consumer price index rose 2.2 percent, a bit ahead of the 2.1 percent increase reported in January. Excluding volatile […]

If volatility in your retirement plan investments is giving you motion sickness, then maybe it’s time to share your grievances with your boss. Young investors in target-date funds white-knuckled their way through February because those funds are heavily invested in stocks for that age group and subject to short-term market […]

American shale drillers will take aim at the seven million barrels-per-day mark next month, as U.S. oil production continues to hit new record highs. Output from the nation’s shale oil regions is poised to grow by 131,000 barrels a day next month, according to the U.S. Department of Energy’s statistics […]

South by Southwest in Austin is now just as much about big media as it is about tiny start-ups. The annual gathering — this year drawing more than 400,000 people — is considered the ultimate destination for content companies to stick out from the clutter and connect with influencers. This […]

Russia has until the end of Tuesday to explain why a nerve agent, which the U.K. deemed to have been created in Russia, was used to poison a former Russian spy and his daughter in Salisbury, England. U.K. Prime Minister Theresa May said Monday that it was “highly likely” that […]

The Russian military has threatened action against the U.S. if it strikes Syria’s capital city of Damascus, according to multiple news reports. The threat, by Chief of Russia’s General Staff Valery Gerasimov, was widely reported by Russia media sites such as state news agency RIA and Tass. It said Gerasimov […]

Chinese bike-sharing firm Ofo has raised $866 million in new funding led by Alibaba Group Holding Ltd, in what it said was the largest investment garnered in a single round by a bike-sharing startup. The latest fundraising comes as Ofo and arch-rival Mobike, the biggest bike-sharing firms in China, have […]

Google co-founder and Alphabet CEO Larry Page’s autonomous flying taxi company unveiled its commercial plane called Cora late on Monday. In 2016, Page invested in two flying car start-ups. One of those was Kitty Hawk, which is developing Cora. Last year, the company released footage of a prototype aircraft that […]

Saudi Arabia‘s state-owned oil behemoth is increasingly looking to just float locally, as plans to list on an international exchange hang in the balance, Reuters reported, citing sources close to the matter. Saudi Aramco had planned to begin trading on the country’s domestic stock market — the Tadawul — and […]