Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
The Federal Open Market Committee released the minutes from its Dec. 12 meeting this afternoon. The language sounds about the same as the last Fed check-in, that inflation is still a concern. But the report notes that several members of the FOMC are worried about economic growth. Erin Burnett hosted two top analysts on “Street Signs” to debate the issue – is inflation inevitable?
You may recall a previous entry in which I stated my completely non-political dislike of presidential news conferences - strictly from a breaking news desk point of view, of course. Well, that pales in comparison with my loathing of auto sales numbers, easily the most stress-inducing, messy, difficult set of statistics of all the numbers we try to get on the air in a hurry. Of course, it could be worse.
Gold starts the new year just at about $640 an ounce. But where will it end the year? Soaring or stumbling? We asked the editors of two highly rated investment newsletters who hold widely differing opinions. Kevin Kerr is Editor of Resource Trader Alert, He's a gold bull and believes ETF and Central Bank gold buying will drive gold higher.....
Markets? Markets? We Don’t Need No Markets!: During its nearly 18-year history, CNBC has employed a number of programming strategies on days when the markets are closed. Today is one such day - as the nation honors the memory of its 38th president, Gerald Ford. In this instance, we chose to go with regular live programming....
We told you earlier today about how Ethanol is a growing alternative fuel source. Well--here's an update of sorts. Did you know--it’s also a commodity that's popping up at the local bar as well? Bill Lee is general manager of Chippewa Valley Ethanol Company. He was on “Street Signs” to talk about a new ethanol venture: making vodka.
AT&T agreed last night to a number of concessions in its $85 billion proposed buyout of BellSouth. The telecom bellwether is hoping for approval by the U.S. Federal Communications Commission by the end of today – the final business day in 2006. Telecom analyst William Power was on “Street Signs” explaining what will happen if AT&T doesn’t make the deadline.
So--what if everything you were told about air pollution was wrong? That it's not a problem anywhere near what most people believe. Joel Schwartz thinks that way. He is an adjunct scholar at the National Center for Policy Analysis. He's out with a study that says environmentalists have exaggerated just how bad air pollution is. But not so fast--says Ed Hopkins. He's Director of the Environmental Quality Program at the Sierra Club.
Residential real estate may be reeling, but commercial property sales are doing just fine. According to Cushman & Wakefield President and CEO Bruce Mosler, “Commercial real estate is doing nothing but appreciating.” He talked with Erin Burnett on “Street Signs” about what to expect in 2007.
His economic forecast for 2006 was spot on – and now he’s been named "Most Accurate Economist of the Year." On today's "Street Signs" CNBC's Erin Burnett revealed who "he" is – and the warning he has for 2007. BusinessWeek has named Kenneth Mayland “Economic Forecaster of the Year.” (He’s is the Chief Economist with Clearview Economics)....
Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
Fitch Ratings downgraded 100 subprime mortgage bonds, citing even more deterioration next year. Now, late payments aren't the only concern affecting the risky sector. CNBC’s Erin Burnett examined whether these "cracks" are going to spread.
Answer: When's That! CNBC's Peter Schacknow pulls back the curtain and shows you inside the world of 24-hour business news.
MarketWatch technology columnist John Dvorak talked with Erin Burnett on “Street Signs” today about technology trends to watch next year. His big pick? Online community sites. It may sound obvious, but Dvorak says video content and wikis on the internet are set to for explosive growth.
Rates Go Up, Mortgage Apps Go Down: From the “scheduled breaking news” department - the Mortgage Bankers Association releases its weekly report on mortgage applications every Wednesday Morning at 7 am. I usually have it ready right at 7 am for use on air - as we did this morning. We posted the numbers earlier--mortgage apps fell 10.2% as the average 30-year fixed mortgage rate rose to 6.10% from 6.02% the prior week.
As we’ve been telling you over the past weeks, trouble is brewing in the far corners of the U.S. mortgage market. Today a new study from The Center For Responsible Lending reveals that as much as 20% of subprime loans could go under. Not everyone agrees with those results and on today's "Street Signs" CNBC’s Erin Burnett found out why.
What Does It All Mean? As Breaking News Producer, it’s often my job to answer that very question. Sometimes, unfortunately, the best answer is: “beats me!”. That most often happens when a tiny piece of information on an ongoing story finds its way to us. Example: We were already following the story of the Thailand stock market’s 15% collapse.....
Ford Motor doesn’t exactly inspire confidence in investors these days. The U.S. auto industry on the whole has been lagging behind stronger Japanese competitors like Toyota Motor and Honda Motor. But Morgan Stanley analyst Jonathan Steinmetz upgraded Ford to a “buy” today and says shares will jump 32% by the end of 2007.
It looks like Harrah's the world's largest casino company is going private. Late word has the gaming company selling to private equity buyers for almost $17 billion, a $90 per share buyout. On today’s “Street Signs” Erin Burrnett spoke with David Katz of CIBC World Markets about the impact of the deal and other companies might be looking for deals of their own.
Junk bonds are known for being one of the riskiest investment vehicles available. It’s interesting to note then that $100 invested in 1987 in both the S&P 500 and the Bear Sterns Junk Bond Index would garner the same return – with less volatility. At the turn of the century, the S&P jumped during the dot-com boom, then crashed back to the same level as the junk bond market.
E-mail is making us lazy. Instant messaging is making us even lazier. IM has become the preferred method of communication at work whether a colleague is on another floor – or in the next cubicle. That doesn’t always make for clear, lucid conversations. Why go through all the trouble of typing out that interdepartmental request when you could just turn and ask the person?