President Obama put a renewed focus on the income gap between rich and poor as he begins setting the agenda for the rest of his presidency.» Read More
Turnover at the top, presents an unique opportunity and set of challenges for a new leader to deal with, and managing the transition is the first step to ensuring success in any executive role. Fortunately, there's one fairly high-profile transition going on right under our noses, with the new guy and his team set to finally take the reins on Tuesday.
Warren Buffett says "you couldn't have anybody better in charge" for the economy than Barack Obama, but warns "it's going to take time" before things get better. In an interview with Tom Brokaw for Dateline NBC, Buffett says there's a lot of fear everywhere as the country faces "an economic Pearl Harbor .. something it hasn't faced since World War II." Buffett predicts that Obama's plan for a massive stimulus program will help, but not right away.
Here in Abu Dhabi, exactly 7,095 miles from Washington D.C. where President Obama will be sworn in this week, the great and the good of the energy world will be discussing, amongst other things, the key issue surrounding future energy: who's going to pay for it?
There’s a global movement gaining strength to capture carbon around the world. Having engaged in the act of sequestration -- removing, separating or seizing it -- the carbon is then stored.
Stocks ended a dismal week on an up note as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.
The Bush Administration prepared to leave town. Alcoa kicked off a decidedly ugly earnings season. The Detroit auto show didn't have much horsepower, and December sales figures showed that for retailers, decking the halls didn't bring in much holly.
Stocks were back up in a yo-yo session as investors took some defensive positions in stocks like McDonald's amid nagging worries about the health of banks.
House Republican Leader John Boehner told me last night that the GOP will come up with an alternative economic plan. Will it be a choice, not an echo?
Given how things went on the Floor of the House yesterday (not so well for Chairman Barney Frank and his bill to put specific conditions on the remaining TARP money), it is still uncertain what exactly the remaining $350 billion of TARP funds will do to turn the housing market around.
Today is your last day to vote for Best New Name for "Morgan Stanley Smith Barney" - AND - Who has the best teeth - America, the choice is yours.
As President-elect Barack Obama plans heads into office in a few short days, the nation's governors discuss their key economic concerns in their states—including unemployment and the stimulus package—and what the new president should do to relieve some of the fears of this struggling economy.
Futures rallied on the back of the Bank of America bailout Friday, with investors hoping the government will do all in its power to save big institutions from collapsing.
Los Angeles Lakers guard Kobe Bryant signed a multi-year, multi-million dollar deal with Chinese Web site Sina.com today. It gives Bryant his own site on the news portal, which will include a blog that Bryant will update multiple times a week.
I think it's safe to say that Barack Obama is breaking records for the most merchandise sold of a single person in the history of the world over the last two and half months. Now, we have your ultimate guide to "Obamabilia."
President George W. Bush will be on TV tonight to deliver his farewell address. He has said, “Whatever I say, it shouldn’t be very long.” I’m sure he’s saving the "long" stuff for his book. But will his book be the must-read? Vote now.
The United States is currently going through a “sequential healing process,” Pimco co-CEO Mohamed El-Erian told CNBC.
This may be apocryphal, but when FDR was running for President for the first time in 1932, he said something along the lines of "What America needs now is a good, stiff drink." Then he won and went on to help end prohibition. Well, now we've got a new Democratic President coming into office, we're in similarly dire economic straits, and maybe what America needs is a nice toke?
President-elect Barack Obama approaches his inauguration with exceptional goodwill from the American people, but faces some political challenges in selling his economic stimulus package.
Stocks are swooning again — down seven straight days — and threatening to break below a November 20 bottom. Part of this stems from bad economic data, including today’s announced plunge in December retail sales. This of course follows last Friday’s outsized drop in payroll employment.
It was an off-the-record dinner with the President-Elect and I'm going to keep it off the record in terms of deep content. There were about nine of us there. I don't think he's trying to win us over, but he's trying to connect with us and engage with us to his great credit.