Top News & Analysis


  • Ackman Breaks JCP Silence: 'We're Not Going Anywhere' Wednesday, 10 Apr 2013 | 4:59 PM ET
    Bill Ackman

    Two days after J.C. Penney's board of directors ousted Ron Johnson as chief executive, hedge fund manager and board member Bill Ackman broke his silence to say he's sticking by the beleaguered department store retailer.

  • These 12 Banks Got the Fed Minutes a Day Early Wednesday, 10 Apr 2013 | 4:46 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    So did at least one law firm, a hedge fund, a private equity fund, trade groups and lobbyists.

  • Obama's Budget Plan Pursues These Two Goals Wednesday, 10 Apr 2013 | 4:36 PM ET
    President Barack Obama talks about the Fiscal Year 2014 Budget while next to acting Director of Office of Management and Budget Jeffrey Zients in the Rose Garden at the White House in Washington, April 10, 2013.

    One is, as always, expressing the president's priorities. The second is to lure Congressional Republicans, again, into negotiations for a budget "grand bargain."

  • In the Crosshairs: Weapons Programs May Get Cut Wednesday, 10 Apr 2013 | 2:19 PM ET
    The Pentagon

    President Obama's fiscal 2014 budget plan proposes cancellation of or cuts to several weapons programs.

  • Why Housing Affordability Is at Risk Wednesday, 10 Apr 2013 | 1:27 PM ET

    Homes are more affordable now than they have been in decades, but that could turn more quickly than expected, because the affordability is based entirely on mortgage rates.

  • How High-Speed Trading Is About to Get Speedier Wednesday, 10 Apr 2013 | 1:08 PM ET

    According to Einstein, nothing's faster than the speed of light. But for some traders the speed of light—at least through fiber-optic cable—just isn't fast enough anymore.

  • Congress Nixes USPS's Five-Day Delivery Plan Wednesday, 10 Apr 2013 | 12:49 PM ET
    Postmaster General Patrick Donahoe speaks during a press conference at U.S. Postal Service headquarters in Washington, DC.

    The US Postal Service is delaying its plan to cease Saturday delivery of first-class mail, a service that it says is costly but that many Americans rely on.

  • Will Tech Titans' PAC Harm Silicon Valley's Brand? Wednesday, 10 Apr 2013 | 12:25 PM ET
    Mark Zuckerberg speaks with the media after launching a new Facebook mobile phone platform.

    Silicon Valley’s latest attempt to shape national policy risks attracting negative publicity, critics say.

  • President Obama: Budget Is 'Fiscally Responsible' Wednesday, 10 Apr 2013 | 12:20 PM ET
    President Barack Obama speaks on the budget

    President Barack Obama called the sequester reckless and said his 2014 budget proposal a "fiscally responsible blueprint for middle class jobs and our economy."

  • Obama Sends $3.8 Trillion Budget—'Grand Bargain' Time? Wednesday, 10 Apr 2013 | 12:11 PM ET
    President Obama's budget proposal on display at the Government Printing Office.

    President Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs.

  • Home Construction Will Feed Job Growth: CEO Wednesday, 10 Apr 2013 | 12:01 PM ET
    Construction workers build a Toll Brothers Inc. home in the Azura community in Boca Raton, Florida.

    The construction sector is poised for strong growth and will become a leading job creator, said Sheryl Palmer, CEO of homebuilder Taylor Morrison.

  • How Facebook Can Finally Cash In on Instagram Wednesday, 10 Apr 2013 | 11:52 AM ET

    Instagram has yet to monetize its photo-sharing social network. It may want to take a page out of Twitter's monetization playbook.

  • Survival Strategy: Coupons & Discounts, Says JCP CEO Wednesday, 10 Apr 2013 | 11:49 AM ET
    Mike Ullman

    Newly reappointed JC Penney CEO Mike Ullman detailed some of his top priorities in one of his first conversations with analysts since Ron Johnson was ousted this week as chief of the struggling retailer. The top priority: reconnecting with its customers.

  • Pro-Gun Group to Give Away 30 Guns in 30 Days Wednesday, 10 Apr 2013 | 11:30 AM ET

    Even as images of the Sandy Hook Elementary School shootings are fresh in America's conscious, a pro-gun group is sponsoring a promotion to give away a gun each day in April.

  • Who Got the Fed Minutes Early? Wednesday, 10 Apr 2013 | 10:48 AM ET
    Federal Reserve Board Chairman Ben Bernanke

    Staffers on the House Financial Services Committee received the minutes yesterday, a full day ahead of schedule.

  • How to Buy a Dream House (When It's Not for Sale) Wednesday, 10 Apr 2013 | 10:44 AM ET

    With home listings down as the housing market heats up, some buyers are refusing to wait until the for-sale signs appear.

  • Dodd-Frank 'Written in Anger,' Needs Fix: Chamber CEO Wednesday, 10 Apr 2013 | 10:42 AM ET
    Thomas J. Donohue, president and chief executive officer of the U.S. Chamber of Commerce.

    Wall Street regulations crafted after the financial crisis were written quickly during turbulent times and need to be changed, the head of the U.S. Chamber of Commerce told CNBC.

  • 72% Chance ‘Major’ Hurricane Hits US This Season Wednesday, 10 Apr 2013 | 10:38 AM ET
    A New Jersey community after Hurricane Sandy.

    The 2013 Atlantic hurricane season will be "above average" with 18 tropical storms, nine of which will intensify into hurricanes, forecasters at Colorado State University predicted on Wednesday.

  • Ron Johnson's Downfall: 'Hubris Finally Did Him In' Wednesday, 10 Apr 2013 | 10:23 AM ET
    Ron Johnson

    Ron Johnson's plush taste, against-the-grain ideas and controversial partnership deals all played a hand in his downfall at JC Penney after 17 months. The NYT reports.

  • Some Fed Members Fear Monetary Policy Effects Wednesday, 10 Apr 2013 | 9:40 AM ET
    Ben Bernanke

    Federal Reserve policy makers worried about increased risks due to the central bank's aggressive monetary stimulus, though most view those dangers as "manageable" for now.