Top News & Analysis


  • Soros yanks all his money from Ackman's fund Thursday, 8 Aug 2013 | 5:42 PM ET

    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 board erupts into fight over next CEO Thursday, 8 Aug 2013 | 5:08 PM ET
    Mike Ullman and Bill Ackman

    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: Look out! A 1987-style crash is coming Thursday, 8 Aug 2013 | 3:15 PM ET

    Marc Faber expects to see a 20 percent market decline between now and the end of the year—at least!

  • With tax returns, Spitzer sheds light on finances Thursday, 8 Aug 2013 | 2:10 PM ET
    Former New York Gov. Eliot Spitzer is mobbed by reporters while attempting to collect signatures to run for comptroller of New York City.

    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.

  • ‘Just a couple of quarters’ left for JC Penney? Thursday, 8 Aug 2013 | 1:14 PM ET

    Foundering retailer J.C. Penney is running out of time to get it right, Macquarie's Liz Dunn says.

  • Shakeup could buy JCP time to save itself: Pro Thursday, 8 Aug 2013 | 12:56 PM ET

    The possible return of former CEO Allen Questrom to J.C. Penney could give the company time to repair its business, Josh Brown says.

  • Last chapter for independent bookstores? Not yet Thursday, 8 Aug 2013 | 12:49 PM ET
    McIntyre Books

    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.

  • Fore! Could Tiger help resolve the CBS-TWC spat? Thursday, 8 Aug 2013 | 11:38 AM ET

    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.

  • You talkin' to me? Taxi drivers get social network Thursday, 8 Aug 2013 | 11:08 AM ET
    Hailo CEO Jay Bregman poses with his employees in a taxi cab outside the company's New York headquarters.

    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.

  • Cashin: Market rally could happen if ... Thursday, 8 Aug 2013 | 10:19 AM ET

    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.

  • Retailers forced to discount to lure shoppers Thursday, 8 Aug 2013 | 9:45 AM ET

    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 July sales surprise on strong US sales Thursday, 8 Aug 2013 | 9:32 AM ET

    McDonald's on Thursday reported July sales at its established restaurants around the world that were slightly higher than analysts had projected.

  • Are you not entertained? Pimco vows 'bond war' win Thursday, 8 Aug 2013 | 9:12 AM ET
    Russell Crowe with sword in a scene from the film 'Gladiator', 2000.

    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.

  • Food prices could keep falling as crops boom Thursday, 8 Aug 2013 | 8:58 AM ET

    Global food prices could decline further in coming months, the United Nations' food agency said on Thursday, pointing to prospects of abundant grain supplies.

  • The Obamacare opt-out that leaves it all to faith Thursday, 8 Aug 2013 | 8:41 AM ET
    President Barack Obama speaks about the Affordable Care Act in San Jose, Calif.

    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.

  • US claims rise, but hope abounds for labor market Thursday, 8 Aug 2013 | 8:36 AM ET
    Signage for employment with the City of Chicago is visible beyond job seeker at a job fair in Chicago, Illinois.

    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.

  • Lacks family wins victory to claim woman's cells Thursday, 8 Aug 2013 | 8:12 AM ET
    Multiphoton fluorescence image of cultured HeLa cells with a fluorescent protein targeted to the Golgi apparatus (orange), microtubules (green) and counterstained for DNA (cyan).

    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 are spending more...but not with plastic Thursday, 8 Aug 2013 | 7:49 AM ET
    A Ford Focus sits on display at a Manhattan car dealership that sells Ford vehicles in New York City.

    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.

  • Nelson Peltz's rough quarter; new investment Thursday, 8 Aug 2013 | 7:43 AM ET

    Billionaire investor Nelson Peltz had a tough second quarter with his Trian Partners funds vastly underperforming the S&P 500, according to an investor letter obtained by CNBC.

  • Half of small cars fail on tougher US crash tests Thursday, 8 Aug 2013 | 7:34 AM ET
    2013 Chevrolet Sonic

    The auto industry continued its poor performance in an influential US safety group's new crash test as half of the small cars tested did not fare well.

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