Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
Don Hays, president and chief investment strategist at Hays Advisory, told CNBC’s “Street Signs” that he expects the market to peak in the next 12 to 18 months with a 20% gain in the S&P 500.He said growth stocks will do even better. “What we wanted to do was buy when the market was panicked three to five weeks ago,” Hays said Wednesday. “That’s exactly what we did. We’re feeling very good today.”
A French-built high-speed train has broken the world speed record on rail: With a 25,000 horsepower engine and special wheels, the train hit a speed of more than 357 mph. The train’s performance was close -- but was not as fast as the Japanese maglev (magnetic) train that reached 361 mph in 2003. CNBC’s Phil Lebeau joined Erin Burnett on "Street Signs" to discuss why the U.S. can’t -- or won't -- do the same thing.
Al Goldman, chief market strategist for A.G. Edwards, told CNBC’s “Street Signs” that he expects the market to continue to rise throughout the year. “We had madness in March and the market was down,” Goldman said Tuesday. “We needed the correction. Since 1950, April has been the best month for the Dow (Jones Industrial Average) of the year. The economic news is mixed and the market chooses to go up, which is a sign of resilience and an underlying bullish trend.”
A mysterious illness is killing tens of thousands of bees across the U.S. Kim Flottum, chairman of the Eastern Apicultural Society and editor of Bee Culture magazine, and Maryann Frazier, professor in the department of entomology at Penn State University, joined "Street Signs" Monday to talk about what’s killing America’s bees -- and the potential impact on American farmers.
"Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."
Mark Thomas, chief investment strategist for ValueStockTips.com, told CNBC’s “Street Signs” that he’s now 100% in cash, but still expects the stock market to return gains of 6% to 8% this year.Thomas on Monday said he expects to remain on the sidelines for the next two to four weeks to reduce risk in a volatile market. Also, he said many people pull money out of stocks this time of year to pay their taxes.
It’s day one for Take-Two Interactive’s new management team. The one who led the shareholder revolt is the new chairman, Strauss Zelnick, who is also a founding partner of ZelnickMedia. Zelnick joined CNBC's Melissa Lee on "Street Signs" Friday afternoon, to talk about the new team at Take-Two.
How can you make money on the recent jump in oil prices? Pavel Molchanov, associate analyst with Raymond James, joined CNBC's Erin Burnett on "Street Signs" with three oil plays -- for what he says is no brief spike.
"Cherry-picking" time: That's what Bryan Perry likes about the three dividend-yielding, volatility-resistant funds he recommended to CNBC's Erin Burnett -- and the author of The 25% Cash Machine just might know what he's talking about.
The pace of existing home sales rose 3.9% last month, according to today’s report from the National Association of Realtors. The unexpected gain was the largest increase since March 2004, and marked the third-straight increase in existing home sales. Despite this, concerns persist about the slumping housing market and rising rates of defaults in the subprime mortgage market. But these concerns may be overstated. Century 21 CEO Thomas Kunz says he is seeing a "more normalized market place."
President Bush will tour two factories today where GM and Ford make hybrid vehicles. His visit to the Kansas City auto plants is the first of his presidency to domestic auto factories and is also an effort to improve relationships with Detroit’s Big Three after a tumultuous year. Their troubles are having a significant economic ripple effect on the city the automakers call home. CNBC’s Mike Huckman went to Detroit to check on the struggling city.
Robert Kessler has some strong opinions about stocks and bonds -- and he's not shy about sharing them. The president of The Kessler Companies told CNBC's Erin Burnett that it's a "very exciting period" for Treasuries.
Crude oil prices rose moderately Monday -- but gasoline futures hit a seven-month high. Where are the raw and refined fuels headed this year? Two energy analysts had one answer for CNBC's Erin Burnett: up.
Stephen Sanger, CEO of General Mills, talked about the company's latest earnings, which rose 9% in the third quarter, with CNBC's Erin Brunett, saying increased sales helped offset rising prices for ingredients.Burnett asked the CEO about the so-called corn craze sparked by bio-fuels -- and whether that will further pressure input (raw material and ingredient) pricing. He predicted ripples throughout the food market: rising corn prices will indeed drive up other grains, and in turn higher feed prices will make meat more costly.
John Ryding, chief U.S. economist for Bear Stearns, told CNBC’s “Street Signs” that the Federal Reserve’s primary concern continues to be inflation.“The Fed may have softened its bias to raise rates to be a little more balanced, but it’s far from neutral,” he said Thursday. “The risk that the Fed sees is still inflation being too high. Therefore, the policy risk is still to higher rates…The Fed has been telling us policy is data-dependent and so if inflation runs higher, the next move will be a tightening.”
Peter Georgiopoulos, chief executive officer of Genco Shipping & Trading and General Maritime, told CNBC’s “Street Signs” that worldwide demand for dry-bulk and oil shipping remains strong, suggesting a solid global economy.
If you're going to be in the New York City area Friday night, you're invited to be part of a live studio audience for a show on the CNBC Million Dollar Portfolio Challenge. Just call 201-735-4040 or email us at: Freetickets@cnbc.com. Hear the experts, get their top picks and improve your chances of winning a million dollars! The show is Friday night, at 7 pm EST and ONLY on CNBC.
How are the celebs doing with the "Trading With The Stars" portion of our portfolio challenge? Well, as you can see from the numbers below, it would be hard to recommend their strategy to non-celeb contestants. Conservative (and we don't mean politics) seems to be the watch word.
Okay--here's our current celebrity standings as of the market close on Thursday, 3/15. Overall their approach is still a lot more conservative than the majority of our non-celeb leaders - more stable companies and purchases spread across multiple stocks, and it might end up being a race to see who can lose the least. But that's probably to be expected....