CNBC's Herb Greenberg, Simon Hobbs, Seema Mody and CNBC contributor Greg Ip discuss Pope Francis' criticism on capitalism and high salaries.» Read More
As Robert Palmer might sing it, 'we might as well face it, the Democratic presidential candidates are addicted to war.' Which is another way of saying that Iraq, the issue that has most driven down President Bush's popularity, is driving the debate in the Democratic debate as well. The economy is not.
The dollar fell to a 15-year low against a basket of major currencies and a record low against the euro Tuesday, hurt by the potential for credit woes and housing market weakness to weigh on the U.S. economy.
Today on Capitol Hill, GM will renew the auto industry's push to convince lawmakers that fuel efficient vehicles are on the way. Problem is, it may do little to slow down the CAFE express in congress. For years, the auto lobby was the strongest in D.C. and, for the most part, effectively limited Congress from passing aggressive fuel efficiency standards. But this time around, Congress, fueled by the impact of high gas prices, isn't going along for the ride.
U.S. Treasury Secretary Henry Paulson told CNBC on Monday the United States needs to change the current corporate tax system and recommended cutting taxes in order to spur economic growth.
Stocks ended with solid gains on Monday as investors were encouraged by solid earnings reports and the return of brisk mergers and acquisitions activity. "We definitely had a lot of good news today," said Charles Rotblut, senior market analyst at Zacks.com. "I think we definitely could see the Dow at new highs before the week is over."
The dollar edged higher against the euro Monday, recovering from a record low, as dealers awaited economic data later in the week to see if U.S. credit market turmoil has spread to other sectors.
The sound of marching military cadets is not normally considered the Democratic theme song. That makes the scene here in Charleston,SC, hours before the Democratic presidential candidates debate on the campus of The Citadel, decidedly out of the ordinary. But then there's nothing ordinary about this debate. In an attempt to link an old political format to new technology, questions will be posed to the candidates via YouTube.
After a first quarter swoon, business is more upbeat about the current quarter and the rest of the year--especially when it comes to hiring, profits and productivity, the latest survey by the National Association for Business Economics shows.
As candidates approach the fall stretch run of the 2008 presidential nomination races, candidate debates are increasingly important for the second-tier candidates struggling to stay alive. Among Republicans, former Gov. Jim Gilmore of Virginia has already dropped out. Former Gov. Mike of Arkansas, Sen. of Kansas, and former Bush Cabinet Secretary Tommy Thompson face increasing pressure to raise enough donations to keep their campaigns alive in competition with better known and better financed rivals.
What do Neil Young, Clark Gable, Andy Devine, Bruce Willis, Johnny Depp, Geena Davis and Jay Leno all have in common? The jacket on their back. The leather jacket. Benicio Del Toro owns 5 or 6. Those are the names of just some of the high profile folks that have worn or owned a Langlitz leather jacket.
Many lawmakers, along with advocates for low-wage workers, are celebrating the first increase in the federal minimum wage in a decade. Yet many acknowledge that raising it from $5.15 an hour to $5.85 will provide only meager help for some of the lowest paid workers.
The dollar fell to a record low against the euro Friday and was on track for its sixth straight weekly decline, weighed down by fears that losses in risky mortgage debt would hurt consumers and slow U.S. growth.
Stocks closed sharply lower after earnings disappointments from Caterpillar and Google, as well as continuing concerns about the subprime mortgage market weighed on the major averages. "The market is getting ragged," said Phil Roth, chief technical market analyst at Miller Tabak.
Senate Democrats' fruitless effort to force a withdrawal of U.S. troops from Iraq this week carries a side lesson for everyone on Wall Street watching other parts of the Washington political agenda. The lesson? From hedge fund taxes to energy legislation to expansion of government-financed health care, it appears that the domestic policy phase of the Bush presidency is pretty well over.
Day one of the UAW contract talks kicked off with union leaders shaking hands with Chrysler executives at company headquarters in Auburn Hills, Michigan. Already I'm tiring of the news reports, talk shows, commentators and general public portraying these talks inaccurately. If I had a nickel for every time a talk show host blamed the rank and file guy at GM for all of that automakers problems, I'd be rich. So with that in mind, let's play fact or fiction.
Earnings misses by tech darling Google and Caterpillar, one of the Dow's power drivers, are adding to a wobbly opening on Wall Street. Citigroup though is a bright spot with a better than expected 18 percent profit gain and record revenues from investment banking and overseas business.
China raised interest rates on Friday in the latest of a series of tightening steps aimed atkeeping inflation in check and preventing the world's fourth-largest economy from overheating.It also slashed withholding tax on deposit interest income to 5 percent from 20 percent, in an effort to offset the impact of soaring inflation on real deposit rates and give savers lessof an incentive to bet on the red-hot stock market.
Stronger than expected earnings from IBM helped to push the Dow Jones Industrial Average to a record close above 14,000 for the first time - just two days after the Dow broke above that level on an intraday basis. The S&P 500 also closed at a record high.
In an exclusive live interview on cnbc.com’s home page, The Business Roundtable chairman talks to CNBC's Liz Claman about global competitiveness, immigration, Sarbanes-Oxley and the new Congress.
The dollar traded near record lows versus the euro Thursday over renewed concern about the health of the U.S. housing market and as investors pondered the Federal Reserve's next interest rate move.