An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his 20 years with CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported ten documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, "The Faber Report," was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
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Despite the significant cerebral power of those in attendance at the Barefoot Economic Summit, even if one adheres to a likely scenario of events, the outcome of euro zone debt crisis is still impossible to predict.
For years, short-sellers have crawled all over Netflix, convinced the company’s shares were overvalued versus its expected growth path. And for years, they closed their short positions and went home with plenty of pain and no profits. That they would eventually be proved right in some measure certainly seemed plausible.
Yahoo has hired UBS and Allen and Co. to help it navigate a period in which it is dealing with an activist shareholder and trying to determine ways it can enhance value, according to people close to the company. While the investment banks have not been hired to try and find buyers for the company, they will also help the board navigate any offers, should any arise.
The euphoria that greeted Warren Buffett’s $5 billion investment in Bank of America Thursday has subsided as this day has worn on, but the boost in confidence brought on by having the world’s best known investor step into the weakest of the U.S. big banks is still being felt, if only modestly.
Technology companies typically don’t make the best targets for activist investors, given how quickly things can change in their business. And it’s hard to imagine anyone could mount a successful fight on a company with a $49 billion market value. But when it comes to Hewlett-Packard, all bets are off.