Gold for August delivery rose $14.90, or 1.1 percent, to settle at $1,339.20 an ounce Thursday. Silver for September jumped 44 cents, or 2.1 percent, to $21.51. Phil Streible, senior commodity broker at RJ O'Brien& Associates in Chicago, said traders often move into gold in anticipation of a crisis.» Read More
Ross Levinsohn leaves Yahoo; ManU get ready for IPO and more bad news on the corn crop as the drought worsens.
"The Street got ahead of us," says Paul Reilly, Raymond James Financial CEO, breaking down the company's third quarter numbers, reporting a 63% surge in profits but falling short on EPS estimates. Reilly also discusses the headwinds facing the banking sector.
Former Sen. Chris Dodd, (D-CT), discusses banking reform and regulating big banks. He also weighs in on whether there are key elements of his legislation he would like to change.
Austan Goolsbee, former Council of Economic Advisers chairman, discusses key elements of the Dodd-Frank Act and weighs in on Weill's call yesterday on CNBC's "Squawk Box" to break up the big banks and whether regulators are too close to Wall Street.
"These banks are not only too big to manage, they are too big to regulate," says Camden Fine, president & CEO of Independent Community Bankers of America, discussing his thoughts on whether investment banks should separate from commercial banks.
Discussing Sandy Weill's remarks on breaking up the banks, with Bethany McLean, Vanity Fair, and Jared Bernstein, Center on Budget & Policy Priorities.
Sen. Ben Cardin (D-MD) shares his opinions on bank regulations, and clawbacks. "I will do everything in my power so we do not have to face [clawbacks]. This is not some game of some sort; this is about America," he says.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner is being questioned today for his part in the Libor rate-manipulation scandal.
CNBC's John Harwood reports on Sandy Weill's comments earlier today on "Squawk Box," and Washington's reaction.
Discussing Sanford Weill's remarks on going back to Glass-Steagall, with Sheila Bair, former FDIC chairman and the Fast Money traders weigh in with the play on regional bank stocks.
CNBC's Brian Shactman and Art Cashin, of UBS, discuss Apple's influence on the markets, and weigh in on the Glass-Steagall Act and whether investment banks should be separated from traditional banking.
CNBC's Gary Kaminsky weighs in on Sandy Weill's comments earlier today on "Squawk Box" that it is time to separate investment banks from banks.
Is it time to revert back to the Glass-Steagall Act? Jeffery Harte, Sandler O'Neill principal, responds to comments made by Sandy Weill on CNBC's "Squawk Box" earlier today on whether it is time to separate investment banks from banks.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner did not respond to Sandy Weill's comments earlier today on CNBC's "Squawk Box", that big banks should be broken up. But Rep. Carolyn Maloney, (D-NY) did weigh in on the issue.
"If the financial industry is structured with transparency and with limits on how much leverage can be used, I think people will have a lot more confidence," says Sanford Weill, former Chairman & CEO of Citigroup, discussing why he thinks it is time to break up the big banks.
In a wide-ranging conversation, Sanford Weill, former chairman & CEO of Citigroup, discusses the future of banking; financing philanthropy; bailouts and regulations; and reforming the Dodd-Frank Act.
Apple has a rare earnings miss; Netflix shares plummet; Buffalo Wild Wings has tough time and Loeb buys more Yahoo shares.
This may not be the best time to look for a job, but in China employment prospects seem bright with multinational corporations (MNCs) looking to increase staff even as the global economic uncertainty forces firms across Asia to hold back, says a survey published Tuesday.
Earnings season continues with Google beating, Microsoft topping and Chipotle missing. Kayak prices its IPO above expectations at $26 and new Yahoo CEO Marissa Mayer will be well compensated.
Morgan Stanley’s big second-quarter earnings miss is a result of abysmal trading results and not a botched initial public offering of Facebook shares.