Top News & Analysis


  • Why Global Banks Are Rushing to Unload US Debt Thursday, 10 Jan 2013 | 5:49 AM ET

    Banks and financial institutions are leading the pack of borrowers that have rushed to the U.S. debt markets at the start of the year. The FT reports.

  • BATS Blames System Glitch for Pricing Problems Thursday, 10 Jan 2013 | 5:46 AM ET

    U.S.-based stock-exchange operator BATS Global Markets said a system error led to hundreds of thousands of transactions being executed at prices that were not the best available.

  • Apple's Chief Executive Tim Cook met with China Mobile's Chairman Xi Guohua to discuss "matters of cooperation," a China Mobile spokesman said.

  • US Could Save $2 Trillion on Health Costs: Study Thursday, 10 Jan 2013 | 3:28 AM ET

    The United States could save $2 trillion in healthcare spending over the next decade, if the U.S. government used its influence in the public and private sectors, a study released on Thursday said.

  • More than five years after the housing market collapsed, the U.S. government's newly created consumer watchdog said Thursday it will force banks to verify a borrower's ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession.

  • Google Earth Puts North Korea's Prison Camps on Map Thursday, 10 Jan 2013 | 12:16 AM ET

    Google Executive Chairman Eric Schmidt's visit to North Korea this week has been met with sharp criticism and low expectations.

  • Major Flu Outbreak Could Slow US Economy Further Thursday, 10 Jan 2013 | 12:00 AM ET

    One of the worst flu seasons in a decade is putting further strains on an already sluggish U.S. economy as companies get slammed with increased health care costs and lower productivity from widespread worker absences.

  • Deep Cuts Raise Questions About Morgan Stanley Wednesday, 9 Jan 2013 | 10:49 PM ET

    When Morgan Stanley's top executives gathered in mid-September at the Gramercy Park Hotel in Manhattan to discuss strategy, some participants complained that the room was too small. The NYT reports.

  • Obama Could Use Executive Orders to Curb Guns: Biden Wednesday, 9 Jan 2013 | 8:18 PM ET
    Vice President Joe Biden speaks alongside Attorney General Eric Holder (L) as he meets with representatives of victims’ groups and gun safety organizations.

    Vice President Joe Biden said on Wednesday the White House plans to act quickly to curb gun violence and will explore all avenues — including executive orders that would not require the approval of Congress — to try to prevent incidents like last month's massacre at a Connecticut school.

  • Source: Obama to Nominate Lew Treasury Secretary Wednesday, 9 Jan 2013 | 4:32 PM ET
    President Barack Obama walks with White House Chief of Staff Jack Lew.

    President Barack Obama will nominate Jack Lew as Treasury secretary as early as Thursday, a source familiar with the process told CNBC.

  • Boeing Confident About 787 Despite 'Teething Problems' Wednesday, 9 Jan 2013 | 4:04 PM ET
    United Airlines Boeing 787 Dreamliner

    A senior Boeing engineer said Wednesday the plane maker has "extreme confidence" in the 787 Dreamliner, despite three of mishaps this week, including a battery fire.

  • How Big Is Wall Street's Housing Bet? Pretty Big Wednesday, 9 Jan 2013 | 3:59 PM ET

    Wall Street is hitching its bullish hopes to an unlikely star, believing that real estate will lead the recovery.

  • Here's What Facebook May Unveil Next Week Wednesday, 9 Jan 2013 | 3:43 PM ET

    Facebook will show off something new next week, but it's being mysterious about what exactly it plans to unveil.

  • Herbalife Under Fire: Clubs, Hopes and Losses Wednesday, 9 Jan 2013 | 1:13 PM ET

    After a 10-month investigation, CNBC found many people who had trouble selling Herbalife and sometimes lost thousands of dollars in the process. Herbalife's stock is now in the middle of a major hedge fund battle.

  • US Pumps Up Oil Output to Highest Level in 20 Years Wednesday, 9 Jan 2013 | 1:03 PM ET
    Derrick in Knox County, Ohio on January 5, 2013.

    The growing role of the U.S. as a major energy producer is changing the dynamic of the energy market. U.S. oil production continues to accelerate at a surprising rate, and the government now predicts the U.S. industry could pump 14 percent more oil this year alone.

  • Why Jobless Numbers Mean Low Rates for Years Wednesday, 9 Jan 2013 | 11:48 AM ET

    The Fed-watching game is now this: figuring out how long it will take for the unemployment rate to drop to 6.5 percent. It could be at least half a decade.

  • A Financial Service for People Fed Up With Banks Wednesday, 9 Jan 2013 | 11:20 AM ET

    Simple, an online banking startup, offers its customers free checking accounts and data-rich analysis of their transactions and spending habits.

  • Swiss Tax Dodge Costs Florida Woman Millions Wednesday, 9 Jan 2013 | 11:15 AM ET

    In one of the largest such prosecutions in years, a Florida woman pleaded guilty to two charges of filing false tax returns that failed to report her UBS accounts.

  • Morgan Stanley Plans to Cut 1,600 Jobs: Source Wednesday, 9 Jan 2013 | 10:45 AM ET
    Morgan Stanley headquarters in New York City.

    Morgan Stanley plans to cut 1,600 jobs in its investment banking unit, roughly 6 percent of staff in that unit, with employees being informed about job losses beginning this week, said a person familiar with the matter.

  • Meet America's New Landlords: REITs Wednesday, 9 Jan 2013 | 10:44 AM ET
    Foreclosures are selling fast.

    This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.