Ex-House Majority Leader Eric Cantor has joined a Wall Street investment firm. CNBC's Eamon Javers reports the details.» Read More
WASHINGTON, June 11- A shock primary election defeat for Eric Cantor, the No. 2 Republican in the U.S. House of Representatives, left his political party in chaos on Wednesday as financial markets worried the shakeup might renew budget fights that in the past have caused government shutdowns and near credit defaults.
WASHINGTON, June 11- A combination of over-confidence, neglect of his district and voter anger at congressional leaders fueled Republican Eric Cantor's stunning primary loss in Virginia, an upset that rocked the Republican Party.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank's reduction of its global growth forecast.
Eric Cantor will step down from his post as majority leader on July 31 after losing his primary bid Tuesday night. NBC News reports.
House Majority Leader Eric Cantor discusses what his loss in the Virginia primary to tea party candidate Dave Brat means for the Republican party.
REPUBLICAN REPRESENTATIVE ERIC CANTOR SAYS HE WILL STEP DOWN AS U.S. HOUSE MAJORITY LEADER ON JULY 31.
Following an upset by tea party candidate Dave Brat in the Virginia primary, House Majority Leader Eric Cantor sees the election as a personal setback and is optimistic about the future of the U.S.
House Majority Leader Eric Cantor will step down from his leadership role on July 31st following a defeat by tea party candidate Dave Brat in the Virginia primary.
WASHINGTON, June 11- Republicans in the U.S. House of Representatives will vote on June 19 for a new House majority leader to replace outgoing Representative Eric Cantor, party lawmakers said on Wednesday. Cantor is expected to leave the No. 2 House position at the end of July after losing a primary election on Tuesday in his congressional district.
Discussing tea party candidate Dave Brat's defeat of House Majority Leader Eric Cantor and how it will impacts immigration reform, with Barney Frank, former Massachusetts Representative, and CNBC senior contributor Larry Kudlow.
Discussing why Eric Cantor lost and if the defeat signals the reemergence of the tea party, with Sara Fagen, DDC Advocacy partner, and CNBC's John Harwood.
After GOP congressional candidate Dave Brat stunningly defeated House Majority Leader Eric Cantor, CNBC's John Harwood takes a closer look at who exactly Dave Brat is and why Cantor lost.
*Bank of America shares biggest drag on S&P 500. *World Bank cuts global 2014 outlook. NEW YORK, June 11- U.S. stocks dropped on Wednesday, with the Dow and S&P 500 pulling back from recent record highs, following the World Bank's reduction of its global growth forecast.
Discussing how the market is digesting House Majority Leader Eric Cantor's loss, with MIchael Farr of Farr, Miller and Washington, and Zachary Karabell, Envestnet.
WASHINGTON, June 11- U.S. House of Representatives Majority Leader Eric Cantor plans to step down as the No. 2 House Republican after a shock election defeat to a Tea Party movement upstart that set off an unexpected scramble for new leadership. The Washington Post reported that Cantor would leave his post effective July 31.
NEW YORK, June 11- House Majority Leader Eric Cantor's shocking defeat isn't likely to have much effect on U.S. financial markets-- unless his departure emboldens Tea Party Republicans to again threaten a government shut-down over the debt ceiling next year, investment strategists said.
Discussing how Eric Cantor's primary upset could impact Washington and the markets, with Ben Willis, Princeton Securities Group, and Kenny Polcari, O'Neil Securities.
NEW YORK, June 11- Stocks retreated from recent highs on Wednesday, pressured by a lower World Bank growth forecast and a profit warning from Lufthansa, while crude oil rose on fears of disrupted supply from Iraq.
*Micron, Amazon rise after analysts' comments. *World Bank cuts global 2014 outlook. Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
Harold Ford Jr., Morgan Stanley managing director, discusses what's behind the GOP's emergency meeting after House Majority Leader Eric Cantor was upset in the Virginia primary.