Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
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?
There seems to be a new wave of "hacker attacks"--aimed at your cell phones and BlackBerrys. But is there any way to protect yourself? On Today’s "Street Signs," Erin Burnett asked Ed English, with internet security firm Trend Micro and Anne Wallace from The Identity Theft Assistance Center. Ed English explained that hackers who break into computers are now targeting cell phones and mobile devices - anywhere that we’re storing personal information.
Yesterday, the U.S. Securities and Exchange Commission raised the net worth requirement for investing in hedge funds to $2.5 million from $1 million. If you saw SEC Chairman Christopher Cox on cnbc.com this morning, you’d know that the rule was made to keep unsophisticated investors out of an incredibly complex industry. Now, the focus is on protecting retail investors....
Not sure what to do with your money right now? On today’s “Street Signs” CNBC’s Erin Burnett asked someone who has nearly $1 trillion in assets. In a rare interview - Chip Mason, the Chairman, CEO and Co-Founder of Legg Mason, offered his advice. Mason said, "In my view most things are inline for higher market prices next year....
Erin Burnett talked with Tom Petrie on “Street Signs” today. He’s a vice chairman at Merrill Lynch. He says the geopolitics of energy today will keep the market strong for the rest of this decade and beyond. Also, the need to develop more resources and the infrastructure necessary to harness them will give a boost to companies like Halliburton and Schlumberger.
Apple seems to be humming right along. Its stock is up 50% over the last six months. CNBC's Jim Goldman appeared on "Street Signs" to talk about the computer giant. Goldman says the company is expecting it's biggest holiday season ever. The iPod is selling better than expected with some 40 million units sold this year alone.
Today, the Fed made no change in interest rates—again. How should bond investors react to the decision? Erin Burnett had Bill Gross, the nation's largest bond fund manager, on "Street Signs" to find out. She also talked with Ken Volpert, the portfolio manager for Vanguard's Total Bond Market Index. It's the country's largest bond index fund and just hit the $40 billion mark this month.
The Federal Reserve left its benchmark interest rate unchanged at 5.25%--but left the door open for increases--if inflation persists. CNBC's Erin Burnett had two investment strategists, Bob Doll and Charles Reinhard, on “Street Signs” today. Both men gave their post-Fed meeting predictions for 2007: Buy energy and health care. And get ready for a 14,000 Dow.
Fitch Ratings has turned broadly negative on mortgage securities backed by subprime loans. A report issued today reveals the agency changed its 2007 ratings outlook to negative from stable. Is yet another housing-related sector set to pop? On “Street Signs,” CNBC’s Erin Burnett put the question to business icon Donald Trump, the chairman of Trump Entertainment Resorts.
A lot of investors are betting big on tech right now. But are they making a big mistake? On today’s “Street Signs” Erin Burnett spoke with Andrew Bartels, VP of Research for Forrester . He's out with a new report saying growth in IT spending will likely slow down. She also spoke with Brendan Barnicle a Senior Technology Analyst at Pacific Crest Securities.....
Most people link poverty with the inner city--but that's no longer the case. A newly released study from The Brookings Institution found suburban poor out numbered their city counterparts for the first time. On “Street Signs” CNBC’s Erin Burnett spoke with study co-author, Alan Berube about his report--Two Steps Back: City and Suburban Poverty Trends.