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President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, according to administration officials.
When I was first asked to moderate a question and answer session with California Governor Arnold Schwarzenegger, I immediately thought, "What a delicious opportunity to talk to a man who has told Detroit to 'get off its butt' and start building the next generation of cars and trucks people want."
The economy is still difficult, but we’re seeing some signs of firming, General Electric CEO Jeff Immelt told CNBC in a live interview.
Less bad is good… so goes the mantra of today’s bull. So goes the rational for buying global shares… and so goes the rational for buying oil, writes Stephen Schork.
As investors look for signs of an economic turnaround in corporate earnings and stock market performance, concerns still remain over the state of consumers and their willingness to spend as the recession grinds on.
Citigroup posted a better-than-expected loss for the first quarter last week, joining the growing list of beleaguered Wall Street giants with tentative signs of recovery.
Pershing Square Capital Management tells CNBC it is not short the stocks of any banks.
Stocks closed higher despite some selling in the final half hour of trading, giving the market its sixth straight weekly gain and its longest weekly winning streak since 2007.
Remember the Iraqi "Most Wanted" playing cards which were a hit in 2003? Millions of decks sold. Now an out-of-work financial services worker named Jason Witt is hoping to cash in on the "Financial Crisis Most Wanted Playing Cards".
Federal Reserve Chairman Ben Bernanke said on Friday that the U.S. recession had done lasting harm to household finances and that regulators must protect consumers from willfully confusing forms of credit.
UPS said Friday that talks with DHL about carrying some of its air packages have ended, scuttling a venture that originally was expected to generate up to $1 billion in annual revenue for the world's largest shipping carrier.
Cities, companies and even Scandinavian rock festivals are striving to cut carbon emissions to zero, but analysts are divided over whether it is achievable or even appropriate in fighting pollution and climate change.
Stocks got a quick pop Friday from a rebound in consumer sentiment to its highest level since September. But the bounce quickly slowed t o a dribble as earnings worries nagged at the market.
Byron Wien, Pequot Capital chief investment strategist, offered CNBC his expert market insights and outlook for the economy.
President Obama's speech this week about the economy may have given fresh impetus to a special class of business leader—those looking at the recession as an opportunity in which to strengthen their company.
The current valuations of emerging markets are attractive and emerging markets also have undervalued currencies, Templeton Asset Management Managing Director Mark Mobius said Friday.
Today on the company conference call updating its restructuring, I asked GM CEO Fritz Henderson is the company will go beyond the number of plants it laid out for closure when updating the Federal Government on February 17th.
With Intel and Google now in the books, we can start to focus on the busiest single week of tech earnings that I can remember in recent history.
Top executives of credit card companies will meet Obama administration officials next Thursday at the White House, as the industry faces the possibility of legislation aimed at curbing deceptive practices, sources familiar with the plans said.
The flood of economic data continues, and the net of it all is that there are signs of recovery, or at worst a slowdown in the rate of decline.
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