Séverin Cabannes, deputy CEO of Société Générale, discusses the company's concern on the current market meltdown in China.» Read More
Thirteen thousand or 11,000 -- that's the big question for Dow 30 watchers in the coming year. The blue-chip index has posted a dozen-plus new record highs in late 2006, but pessimists say the party is over and a correction is in the cards.
General Electric is affirming its earnings estimate for this year, and forecasting profit growth of 10-13% in 2007. The parent company of this network also boosting its quarterly dividend by 12%. This morning--GE Chairman and CEO Jeffrey Immelt spoke with The Squawk Box team – explaining how he'll deliver a "high-visibility, low-risk" year.
Talks between China and the U.S. are underway--to try and work out some big economic issues between the two countries. The American delegation is led by U.S. Treasury Secretary Hank Paulson--and Fed Chairman Ben Bernanke is along to add to the importance of the mission. CNBC's Carl Quintanilla is in China--and reported on "Squawk Box."
U.S. stocks are taxiing towards a slightly higher opening today as airline takeover activity is set to give the transports a lift. Retail sales data for November could also give the market some direction and provide further clues to the consumer this holiday season. MERGERS AT THE GATE: Our Phil Lebeau is reporting on takeover talks...
We'll start with a little shame-less plug--as General Electric Chairman and CEO Jeffrey Immelt will be on "Squawk Box." He'll talk about GE's (parent company of CNBC) guidance that came out Tuesday. The company says it should see profit growth of about 13% in 2007. That's less than the estimate of about 15% for this year--but still above analyst estimates. You can also see Immelt on cnbc.com.
The Home Depot, the world's largest home improvement retailer, announced Wednesday that is has signed an agreement to acquire Chinese home improvement retailer The Home Way.
The billionaire investor tells CNBC’s Maria Bartiromo why he thinks Asian tigers, private equity buyouts and bankruptcies will keep rising in 2007.
The Democrats are putting a lot of pressure on President George W. Bush and his administration to force changes in China’s trade and monetary policies. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are visiting the Asian giant this week, and they’ve arrived with a list of demands for the Chinese government.
China has more than 1.3 billion people and has become the 9th largest drug market in the world--with $9.5 billion in annual sales. So--it should come as no surprise that Big Pharma is furiously trying to grab a piece of that market--which by some estimates could be wroth $25 billion in the next three years.
Starting today, the Chinese government will review applications from banks that could allow foreign competition to transact in Chinese currency. (Citigroup is one of eight major foreign banks seeking approval.) Can the U.S. make big profits in China? Not everyone thinks so.
China's banking regulator has received eight applications from foreign banks for local registration, which it would begin processing Monday, a first step in granting national treatment.
The Bush administration is sending its highest level delegation to China next week led by Treasury Secretary Hank Paulson, Fed Chairman Ben Bernanke and six cabinet members. Everything from currency to the trade deficit to intellectual property rights is on the agenda. On today’s Power Lunch, CNBC’s Sue Herera took a hard look at what needed to happen to make this trip a success.
REITs have been on a tear. Although glamorous properties are attracting attention from private equity, warehouse properties have been the standouts for investors. The world's largest industrial REIT is Prologis and today--the company announced an expansion of 3.3 million square feet of warehouse space in China, where it is already something of a trailblazer in the sector.
CNBC's Maria Bartiromo had an exclusive interview with U.S. Treasury Secretary Henry Paulson this morning. He gave his take on today’s jobs report, the weak U.S. dollar and his upcoming trip to China. Paulson said the jobs report was “good news.” Even more importantly, though, was the fact that job creation was leading to wage growth.
Find out what you need to know about key markets in the year ahead in our two-week series of interviews on cnbc.com's home page. Here's who's on tap.
U.S. Treasury Secretary Henry Paulson met with a number of CEOs from various industries in preparation for his trip to China next week. Myron Brilliant of the U.S. Chamber of Congress was there – and he was on “Street Signs” with Erin Burnett to talk about it.
China should surpass Japan this year to become the world's No. 2 investor in research and development after the United States, an international economic group said.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas was down on the day, but remained above $5. Oil was up slightly on the day. And gold was up, as well.