Klaus Vedfelt | Getty Images As President Joe Biden, at a White House event on Tuesday, touted new legislation that will reduce Medicare drug pricing, he also vowed to protect both Medicare and Social Security in the face of what he called Republican attacks on the programs. “I’ll protect those …

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey …

Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. Alessandro Di Ciommo | Nurphoto | Getty Images SoftBank is planning to cut at least 30% of staff at its ambitious investment arm, the Vision Fund, a source …

Shapecharge | E+ | Getty Images If you’re a higher-income Medicare beneficiary, you may be paying less in extra premium charges in 2023 than you were this year. So-called income-related adjustment amounts, or IRMAAs, which are based on your tax return from two years earlier, kick in next year at …

U.K. Foreign Secretary James Cleverly said that 1.7 million British citizens live in the Indo-Pacific region. Pacific Press | Lightrocket | Getty Images SINGAPORE — The United Kingdom will commit itself more fully to the Indo-Pacific region, beyond its ongoing efforts to join a massive trade deal in the region, …

Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening …

A woman shops for oat milk at a supermarket in Santa Monica, California, on September 13, 2022. Apu Gomes | AFP | Getty Images At CNBC’s Delivering Alpha Investor Summit in New York City Wednesday, several big names in the investor community indicated they see no signs inflation is waning. …

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to …

South Korean and U.S. officials are working toward a “concrete proposal” to resolve their differences over electric vehicle subsidies, South Korea’s trade minister told CNBC. “We’ve established a specific dialogue channel to address this particular issue, and we are glad that the U.S. government wholeheartedly engaged with us to rectify …

The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to …