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  • President Obama wants to extend tax middle class tax cuts and eliminate tax breaks for millionaires, billionaires.

    President Obama, after signing an extension of the Bush tax cuts last December, relapsed once again at his news conference today. It was the usual bashing of millionaires and billionaires, oil companies, corporate jets (made by Cessna and Hawker-Beechcraft), and investment funds.

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    Shockingly, financials (as represented by the XLF etf ) are valued lower today than they were in the fourth quarter of 2009, a time when asset quality was unknown and the very survival of the financial system was in doubt. This makes no logical sense.

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    Ranking  No. 1 for the 5th year running, California surpassed even its own 2010 performance. Yet, tech-savvy runners-up to the Silicon Valley state aren’t that far behind.

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    Boeing says its new 787 is beginning the final phase of flight testing and repeated that it should be ready for delivery in August or September.

  • The new Boeing 747-8 Intercontinental lands at Le Bourget airport near Paris.

    Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week — a $23 billion gamble that air will finally conquer rail despite a formidable list ofobstacles. 

  • Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.

  • A contract for 200 Airbus 320NEO, along with an option for another hundred aircrafts, are expected to be unveiled by the pan-European plane builder Airbus on Thursday.

  • Stocks fell in the final hour of trading to close lower Wednesday after Fed chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but offered no hint about plans for new stimulus measures.

  • Stocks slipped slightly after Federal Reserve chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but gave no further clue for new stimulus plans.

  • Stocks traded flat Wednesday, cutting earlier losses, ahead of the Federal Reserve's decision on monetary policy and waited for comments from chairman Ben Bernanke later this afternoon.

  • Federal Reserve Bank Chairman Ben Bernanke

    When the Fed statement comes out, "we’re going to have not quite two hours to diagram all the sentences and see if he used the passive periphrastic in any place and then wait and ask Mr. Bernanke what it all means," said Art Cashin, UBS Financial Services' director of floor operations

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    The announcement that Ryanair will develop a new airplane with state-backed Chinese aircraft manufacturer COMAC on Tuesday at the Paris Air Show is the latest step towards a Chinese-made large commercial airplane.

  • A sometimes under-skilled workforce  and shortage of job training is compounding unemployment at home, while technological innovation and product development is paying off abroad.   

  • Walmart Truck

    The Wal-Mart victory handed down by the Supremes today is a great win for all business, and a huge defeat for frivolous class-action lawsuits.

  • Goldman Sachs downgraded its estimate of U.S. economic growth. But Kate Warne, investment strategist at Edward Jones, and Bill Greiner, president and chief investment officer at Scout Investments, told CNBC that there's still opportunity for the careful investor.

  • RIMM A Takeover Target?

    Stocks rallied to finish higher in thin trading Monday as fears over Greece's debt crisis subsided and investors snapped up beaten-down stocks.

  • RIMM A Takeover Target?

    Stocks were higher amid thin trading Monday, led by materials, as fears over Greece's debt crisis started to subside and investors snapped up beaten-down stocks.

  • Boeing vs. Airbus

    CNBC's Phil LeBeau reports on Boeing's efforts to woo customers and sell the world on America, at the Paris Air Show.

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    The Chinese come to the Paris Air Show as both the world’s largest purchaser of jetliners and a budding manufacturer projected by some to one day challenge the dominance of Boeing and Airbus.

  • Stocks advanced in thin trading Monday after European finance ministers reassured investors a Greek debt default can be avoided, soothing worries over a spreading euro zone credit crisis.