CNBC World News

Federal Reserve Chairman Jerome Powell said he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation.

Major gun manufacturers have made over $1 billion in the the last decade selling assault-style weapons, according to the House Oversight panel.

President Joe Biden tested negative for Covid twice this week and returned to work in the Oval Office after five days of isolation.

The CHIPS-plus bill includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.

Boeing and Airbus has benefitted from a rebound in travel but supply chain and labor constraints are hindering output.

The global space economy grew last year at the fastest annual rate since 2014, according to a report by the Space Foundation.

McDonald's has hiked the price of its cheeseburger in the U.K. for the first time in 14 years as cost pressures bite.

Ukraine's president, Volodymyr Zelenskyy, said the move was tantamount to a "gas war."

Scientists in the U.K. say they have identified the likely cause of a recent outbreak of mysterious liver disease afflicting young children around the world.

The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectations among analysts for a 398.16 million Swiss franc loss.

Credit Suisse Chairman Axel Lehmann has denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss.

Real estate stocks in Hong Kong dropped as Asia-Pacific markets traded mixed on Wednesday. Investors also looked forward to the Fed's policy decision.

European markets were cautiously higher on Wednesday as investors look ahead to the latest monetary policy decision from the U.S. Federal Reserve.

China's property sales are set to plunge this year by more than they did during the 2008 financial crisis, according to new estimates from S&P Global Ratings.

Lebanon's caretaker government is now desperately trying to secure sources of wheat.

Homeowners in Singapore are starting to tighten their belts as they will soon face higher mortgages, thanks to rising interest rates. 

Europe's energy crisis is prompting consumers to go solar, which is lifting Enphase's operations.

China and Russia are in the final stages of building a pipeline that can send gas from Siberia to Shanghai.

Microsoft said it would have had more revenue in the quarter were it not for unfavorable foreign-exchange rates and tougher PC and advertising markets.

Alphabet executives blamed tough comparisons and economic challenges for YouTube's slowing growth rate.