U.S. News


  • 293,000 Chevy Cruzes recalled for brake issues Friday, 16 Aug 2013 | 1:17 PM ET

    General Motors will recall 293,000 Chevrolet Cruze cars in the United States due to a defect that can cause loss of the brake assist function.

  • Twitter is going crazy with Larry Summers Fed buzz Friday, 16 Aug 2013 | 1:15 PM ET
    Larry Summers

    Twitter went abuzz Friday with chatter that the improbable campaign to get Larry Summers named the next Federal Reserve chairman may well be succeeding.

  • Steve Jobs wouldn't have talked to Icahn: Sculley Friday, 16 Aug 2013 | 12:08 PM ET
    Steve Jobs

    Former Apple CEO John Sculley says Steve Jobs probably would have acted differently if Carl Icahn had called him to talk about the company, unlike Tim Cook.

  • Pimco: 'Great rotation' to stocks won't happen Friday, 16 Aug 2013 | 11:24 AM ET

    There is an important group of investors who are simply turned off to market volatility and won't rotate their cash from fixed income to stocks, said Pimco's Tony Crescenzi.

  • US consumer sentiment turns sour in August Friday, 16 Aug 2013 | 9:55 AM ET
    A shopper carries a purchase from Macy's along the Magnificent Mile shopping district in Chicago, Illinois.

    US consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.

  • As SAC questions loom, investors head for the door Friday, 16 Aug 2013 | 9:17 AM ET
    Steven A. Cohen

    Three weeks after being indicted, SAC Capital is prepared for another round of investor redemptions that could drain nearly all its outside assets by year's end.

  • Wal-Mart outlook reveals a tale of two consumers Friday, 16 Aug 2013 | 7:00 AM ET

    As American consumers drive the U.S. economic recovery forward, lower-income households are getting left behind.

  • 'Hindenburg Omen' looms over S&P as stocks stall Friday, 16 Aug 2013 | 6:25 AM ET
    The Hindenburg burning.

    A technical analysis pattern for stock traders has pointed to an impending crash in stocks, adding to an increasing chorus of voices that have turned bearish on equities for the second half of the year.

  • 'Hunger Games' economy may add to Fed dilemma Thursday, 15 Aug 2013 | 11:31 PM ET
    Actress Jennifer Lawrence as Katniss Everdeen in "The Hunger Games."

    A divergence in the U.S. economy is starting to resemble the film "The Hunger Games" and could sway the decision by the Fed on whether to wind down monetary stimulus, says analyst.

  • Spike in US yields may derail Fed's tapering plans Thursday, 15 Aug 2013 | 10:04 PM ET

    A continued selloff in U.S. government bonds could force the Fed to rethink when and by how much it tapers monetary stimulus, after 10-year Treasury yields spiked to a two-year high.

  • Ford lowers mileage estimate for C-Max Hybrid Thursday, 15 Aug 2013 | 5:31 PM ET

    The automaker, facing numerous complaints and a class-action lawsuit, is lowering the mileage estimate for its C-Max hybrid crossover vehicle.

  • Dell earnings beat despite falling PC sales Thursday, 15 Aug 2013 | 4:27 PM ET

    Dell reported earnings and revenue that beat Wall Street forecasts as growth in its enterprise solutions business offset the ongoing slump in PCs.

  • Gartman: I timed the market wrong, and I want out Thursday, 15 Aug 2013 | 4:24 PM ET
    Dennis Gartman, editor and publisher of The Gartman Letter

    Investor Dennis Gartman on Thursday admitted he got equities wrong and confessed his recent stock market trades were "terrible."

  • Budweiser is king of beers in the ER: Study Thursday, 15 Aug 2013 | 3:48 PM ET

    When Johns Hopkins researchers surveyed ER patients who had been drinking, they found that Budweiser was the No. 1 brand consumed, followed by Steel Reserve Malt Liquor.

  • Wal-Mart cuts outlook; consumers not spending Thursday, 15 Aug 2013 | 2:00 PM ET

    Wal-Mart posts disappointing quarterly sales as shoppers pinched by higher payroll taxes and gas prices made fewer purchases.

  • Carl Icahn takes a shot at Bill Ackman...again Thursday, 15 Aug 2013 | 1:07 PM ET
    Carl Icahn

    In the latest round in the best show in finance, Icahn says nothing's wrong with activist investing. But something is wrong with Ackman.

  • Overdevelopment widens Florida sinkhole problem Thursday, 15 Aug 2013 | 12:56 PM ET
    A building sits partially collapsed over a sinkhole at Summer Bay Resort near Disney World on August 12, 2013 in Clermont, Florida.

    The problem may be as old as the earth itself, but the increase in activity is new. The rush to reason why has put scientists, engineers and real estate developers at odds.

  • Beware: Market valuation looks like 2007 again Thursday, 15 Aug 2013 | 12:46 PM ET

    With so many on Wall Street worrying whether the market rally has gotten ahead of itself, one economist tells CNBC that today's market is looking eerily like 2007.

  • NYU to stop lending money to buy vacation homes Thursday, 15 Aug 2013 | 12:25 PM ET
    Martin Lipton, founding partner of Wachtell, Lipton, Rosen and Katz, and Chairman of NYU's Board of Trustees.

    NYU said on Wednesday that it would no longer lend money to top employees to buy vacation homes and would grant faculty members more participation in school decisions. NYT reports.

  • Breaking Buffett: The Oracle has underperformed Thursday, 15 Aug 2013 | 12:03 PM ET
    Warren Buffett

    Warren Buffett may be regarded as one of the greatest investors of all time, but the stocks his company holds have been not so great this quarter.

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