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News Update – Market Close

News Update – Market Close

CNBC brings you fast, accurate, and actionable business news and market updates.

01:09

Mon, May 7 20184:48 PM EDT

Bank regulators in the hot seat: Officials continue bank testimony in the house tomorrow

Bank regulators in the hot seat: Officials continue bank testimony in the house tomorrow

Starbucks union member: Workers remain scared but want to fight for their rights

Starbucks union member: Workers remain scared but want to fight for their rights

DOJ alleges Sam Bankman-Fried paid more than $40 million to bribe Chinese official

DOJ alleges Sam Bankman-Fried paid more than $40 million to bribe Chinese official

Debt ceiling standoff: McCarthy laments lack of progress

Debt ceiling standoff: McCarthy laments lack of progress

Alibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott Kessler

Alibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott Kessler

Bank regulators in the hot seat: Officials continue bank testimony in the house tomorrow

Bank regulators in the hot seat: Officials continue bank testimony in the house tomorrow

Starbucks union member: Workers remain scared but want to fight for their rights

Starbucks union member: Workers remain scared but want to fight for their rights

DOJ alleges Sam Bankman-Fried paid more than $40 million to bribe Chinese official

DOJ alleges Sam Bankman-Fried paid more than $40 million to bribe Chinese official

Debt ceiling standoff: McCarthy laments lack of progress

Debt ceiling standoff: McCarthy laments lack of progress

Alibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott Kessler

Alibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott Kessler