Wine is the one thing California does right. CNBC's Jane Wells reports on new record numbers for wine exports.
The Energy Department says California's Monterey Shale has 15 million barrels of retrievable oil, reports CNBC's Jane Wells; and Keith McCullough, Hedgeye Risk Management; and CNBC contributors Keith Boykin and James Pethokoukis, weigh in.
If 15 billion barrels of potentially crude oil can be found beneath the earth, California could become the nation's next oil frontier, reports CNBC's Jane Wells.
New mortgage rules from the Consumer Financial Protection Bureau will make borrowing tougher for the self-employed and home buyers seeking larger loans.
Fewer borrowers are getting into trouble, but an enormous backlog of distress is still moving through the foreclosure system.
They say that happy cows come from California. They just got happier.
Homeowners who took on mortgages well after the housing bubble burst are doing a better job in keeping up with payments, a trend that has helped push the national rate of late payments on home loans to the lowest level in four years.
Samsung starts gaining market share, hurting Apple Inc's margins and stock price and threatening its reign as the king of cool in consumer electronics.
Google Executive Chairman Eric Schmidt is selling roughly 42 percent of his stake in the Internet search company, a move that could potentially net the former chief executive a $2.51 billion windfall.
By joining a union, marijuana workers could have more sway in pressing for higher pay and benefits such as healthcare. Some legal marijuana retailers welcome the prospect of a unionized workforce - for now, at least.
Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
This year's Super Bowl will be held at New Orleans' Mercedes-Benz Superdome, and the city has been transformed since Hurricane Katrina in 2005, reports CNBC's Brian Shactman. Mark Simone, WOR Radio Talk Show host and CNBC's Contributors Keith Boykin and James Pethokoukis, discuss the news of Dan Marino's love child.
McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
A U.S. appeals court on Thursday rejected Apple request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone.
Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.
South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.
At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.
BlackRock has taken an $80 million stake in Twitter, a person with knowledge of the deal said. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.
Republican governors are moving to cut income taxes, including proposals that would increase reliance on state sales taxes, setting up ambitious experiments in tax reform that could shape what is possible on a national level.