Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
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.
Here's a follow up to Steve Liesman's report on the U.S. monthly jobs numbers--we told they come out tomorrow at 8:30 a.m. ET – and a lot is riding on them. The data will suggest whether we're heading toward recession or if inflation is coming. On "Street Signs", CNBC’s Erin Burnett took a closer look at the expectations when non-farm payroll and unemployment data is released.
It looks like the California State Attorney General's office is getting ready to settle with Hewlett-Packard--over civil charges related to the corporate spying scandal. That scandal led to the resignation of HP Chairman Patricia Dunn. Don Clark is the San Francisco Bureau Chief of The Wall Street Journal.
In a post not too long ago--we told you that The U.S. House of Representatives earmarked nearly $1 billion for autism research. The money is spread out over 5 years and goes toward the search for more effective treatments--and maybe even a cure. NBC Universal Chairman and CEO Bob Wright and his wife Suzanne Wright became part of the fight...
Gaming is one of the best-performing sectors recently. Investors, Wall Street and private equity are all eyeing these – supposedly – recession-proof stocks. The constant cash flow is pretty attractive, too. But what’s interesting is that casinos stocks seem to be on the rise despite some less than stellar earnings.
Lance Lee – CEO of Oneshare.com – was on "Street Signs" with Erin Burnett this afternoon. His company sells individual shares of a company – mainly as gifts from adults to children – complete with stock certificate, customized frames and engraved personalized messages. He says he started the company first because of the demand for a single share of...
U.S. Treasury Secretary Henry Paulson met with a number of CEOs from various industries in preparation for his trip to China next week. Myron Brilliant of the U.S. Chamber of Congress was there – and he was on “Street Signs” with Erin Burnett to talk about it.
According to a Mercer Investment Consulting study - 1/3 of pension funds invest in hedge funds. But are they safe investments? On today’s Street Signs Erin Burnett put that question to Damon Silvers, Associate General Counsel with the AFL-CIO and Cynthia Steer, Managing Director and Chief Research Strategist with CRA Rogers Casey.
Out of the frying pan: Today’s ban of trans-fats by New York City’s Board of Health was a perfect example of just how tension-filled the breaking news process can be. Producer Carol Berman kept us apprised via Blackberry of the agenda, and told us as soon as the vote to approve the ban passed.
Big money and politics now. The U.S. House of Representatives passed a bill today to spend some $1 billion on finding a cure for autism. The Senate is expected to pass the measure this week and send it on to President Bush. It's good news for advocates of autism research--but then again maybe not. Especially at this time of year.
Three weeks left until Christmas, and the pressure is on to put together a wish list for that favorite "techie." But what tech toys should be on your radar screen? On today's "Street Signs", CNBC’s Erin Burnett asked John Dvorak--technology columnist from Marketwatch