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President Obama: Oklahoma Will Get All the Help It Needs; Head of FEMA Going to Disaster Site
CNBC
Top News and Analysis
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A proposal to cleave the roles of chairman and CEO at banking giant JPMorgan Chase was defeated in a narrow shareholder vote on Tuesday.
Top Video
A massive 2-mile-wide tornado rips through southern Oklahoma City on Monday. This footage has been sped up by 10X.
Tuesday, 21 May 2013 | 10:07 AM ETOur focus is on the urgent work of rescue, said President Obama commenting on efforts to provide relief for Oklahoma after a devastating Tornado destroyed neighborhoods, and left at least 51 people dead, 20 of them children. And, CNBC's John Harwood, reports on the clean-up efforts.
Tuesday, 21 May 2013 | 9:32 AM ETJim Cramer identifies one of the 30 stocks in the Dow Jones Industrial Average that has lagged the market's gains but is now poised to move significantly higher.
Highlights
In the wake of Yahoo buying Tumblr for $1.1 billion, the attention has shifted to who could be next. |
More than 8,000 French households' tax bills topped 100 percent in 2012, a French newspaper reported. |
Prices are stabilizing in SC, but in the Hamptons, home prices are roaring back and rentals are fully booked. |
Despite the shortened season, hockey is at the top of its game, says NHL Commissioner Gary Bettman. |
California start-up founders are on the hook for $120 million in retroactive taxes. A key vote is set for this week. |
Top News and Analysis
Editor's Picks
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Markets are on alert for Fed speak this week, and whether that could finally trigger 'Sell in May.'
Coming Up On CNBC
Stocks
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Skeptical of the airline stocks? Jim Cramer suggests giving this play a closer look.
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Energy producer Apache bounced at its 200-day moving average, and the bulls are looking for steady gains.
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Pushing out Jamie Dimon would have no benefit for JPMorgan, Brad Hintz says.
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Apple isn't being valued as an innovator, former CEO John Sculley says.
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 2.93x70.jpg?v=1369079618 "Cramer: Invest Like the Ridiculously Rich")
What would you do with $590 million – here’s how Jim Cramer would invest it!
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Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.
Technology
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The board of Yahoo agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, a signal of how the company plans to reposition itself as the technology industry makes a headlong rush into social media, the NYT reports.
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Dell Inc. tells suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself.
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ZenoRadio takes advantage of a loophole in the Telecommunications Act of 1996 to provide a radio service to mostly immigrant customers.
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Tim Cook says he'll propose tax changes to encourage firms to bring home more of their offshore funds when he faces congressional queries over Apple's overseas cash holdings.
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Investors had every reason not to trust the market after last year's Facebook fiasco—a high-profile IPO gone bad on multiple levels. Yet trust is coming back.
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Dell reported earnings that fell far shy of market forecasts but revenue came in better than expected. Shares were little changed after-hours.
Finance
NetNet With John Carney
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All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
By the Numbers
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The Dow is up nearly 22 percent since mid-November. Many think the market's overdue for a pullback, but historical correlations indicate that it may not be.
Opinion
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The low-cost advantage that China once enjoyed (at least in the East Coast cities called the Gold Coast) is starting to fade. The Chinese are beginning to outsource to India and Africa.
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According to a CBO report, tax hikes outweigh spending cuts by 6-1. Henry Blodget, Business Insider, and Jim Pethokoukis, American Enterprise Institute, discuss.
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Larry Kudlow says there's only one possible solution to clean up the IRS mess — a special counsel.
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Abe will have a tough job trying to convince his G-8 colleagues next month that his "three arrows" stimulus program is not just a subterfuge to boost exports, says this economist.
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Gov. Pence, (R-IN), says Congress needs to hold the Obama administration accountable on the IRS scandal.
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CNBC's Rick Santelli explains the need for balance when deciphering budget deficits; natural gas supplies; and IRS snooping on conservative groups.
Real Estate
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Rising rates are not welcome news, especially now in the heart of the spring housing market.
Inside Wealth
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David Karp may be making a bundle on Tumblr, but he's not motivated by money, his father tells CNBC.
Politics
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Republicans target Health and Human Services Secretary Kathleen Sebelius for her soliciting of funds on behalf of a non-profit group.
Media
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"Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch, though its debut missed expectations.
Retail
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A Bangladesh factory where Wal-Mart Stores and Inditex inspectors spotted cracks is still making Wrangler shirts.
Small Business
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Bloomberg's scandal offers key lessons about how we conduct business in a digital age. Are you at risk of a data breach?
Personal Finance
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Health insurance was already evolving before Obamacare, but the coming year will bring sweeping changes to health care.
Energy
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Oil reversed early gains on Tuesday, as speculation widened that the Federal Reserve might pull back on its easing.
Humor
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Chief funster? Yep, that's a job. It's one of six dream jobs Australia is hiring for. How do you qualify? Read on.