Warren Buffett spoke tonight (Thursday) on tape with CNBC's Julia Boorstin at Herb Cohen's Sun Valley media conference.  He remains pessimistic about the economy's short-term prospects, saying the latest number from his Berkshire Hathaway companies show that consumer spending remains very weak.  This is a video clip and transcript of Julia's entire conversation with Buffett.   Read More

One recurring theme this week—while sales of luxury goods continue to struggle, consumers continue to shop for less expensive goods.   Read More

Warren Buffett tells CNBC that consumer sales by Berkshire Hathaway companies have remained "very, very soft" in recent weeks.  In a taped interview with Julia Boorstin today (Thursday) at Herb Allen's Sun Valley media retreat, Buffett says he'll know when things pick up because he gets constant updates on sales from his companies.   Read More

While some call it a bid to get shoppers in a buying mood, it may very well be a sign of the times. Retailers are already rolling out the Christmas shops. With consumers preparing to cut back on spending once again this holiday season, expect the retail competition to be fierce.   Read More

It's the talk of the sports world. Jordan Crawford's dunk over LeBron James at the Cavaliers star's Skills Academy.   Read More

When it came time to do another documentary, I knew that NASCAR was going to be it. It’s a sport with a huge fan following that is most exposed to the economic downturn.    Read More

When it came time to do another documentary, I knew that NASCAR was going to be it. It’s a sport with a huge fan following that is most exposed to the economic downturn.    Read More

The last time you heard of Kazakhstan, it might have been from Borat Sagdiyev, the fictitious Kazakh journalist played by Sasha Baron Cohen in the movie Borat.   Read More

To commemorate Michael Jordan’s induction into the Basketball Hall of Fame in September, Jordan’s long-time partner Gatorade is unveiling a limited edition of six, 32-ounce bottles featuring labels with moments from his career.   Read More

Ten years ago, Staples bought the naming rights to the arena that hosted the Los Angeles Lakers and the Los Angeles Clippers. It was a 20-year deal reportedly worth $116 million.   Read More