The White House wants to replace Fannie Mae and Freddie Mac with a new system that reduces the government's role. Unfortunately, the plan is badly flawed.
The trader at the center of JPMorgan Chase's $6.2 billion "London whale" trading loss last year will not face charges related to the incident, a source said.
Soros Fund Management is withdrawing its money from William Ackman's Pershing Square Capital Management due to performance, according to a person close to the matter said on Thursday.
JC Penney has initiated a search for a new CEO, sources told CNBC on Thursday, as the struggling department store seeks to fill a leadership void.
Marc Faber expects to see a 20 percent market decline between now and the end of the year—at least!
The details of Spitzer's previously opaque financial life were revealed in copies of his tax returns from the past two years provided to The New York Times on Wednesday.
Foundering retailer J.C. Penney is running out of time to get it right, Macquarie's Liz Dunn says.
The possible return of former CEO Allen Questrom to J.C. Penney could give the company time to repair its business, Josh Brown says.
After a long period of losing customers to big-box and online retailers, many independent bookstores in the U.S. are seeing double-digit profits.
Will sports be the tipping point in the fight between CBS and Time Warner Cable? Golf fans with TWC service sure hope so because of the PGA Championship this weekend.
E-hailing company Hailo is building a social network in an unlikely place—the front seat of a cab. Hailo CEO Jay Bregman gives his take on the future for passengers and drivers.
Bulls must maintain a key level of the S&P 500 if they hope for another surge, said Art Cashin, director of floor operations at UBS Financial Services.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
McDonald's on Thursday reported July sales at its established restaurants around the world that were slightly higher than analysts had projected.
In a new note to clients, Pimco's bond chief Bill Gross promised the fund would triumph in the "bond wars" that could see investors earn lower returns.
Global food prices could decline further in coming months, the United Nations' food agency said on Thursday, pointing to prospects of abundant grain supplies.
A handful of medical-sharing ministries have obtained an Affordable Care Act exemption. One requires members to pledge their Christian faith and promise not to drink or do drugs.
The number of Americans filing new claims for jobless benefits rose slightly last week but was near its lowest level since before the 2007-09 recession.
The family of Henrietta lacks, whose immortal cells made billions in medical research, won an ethical victory when they were given some power over HeLa cell information.
Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.