Whole Foods has implemented a policy where employees can look up anyone's salary or bonus from the previous year.» Read More
At last night’s CNBC Executive Leadership Awards, guests joked that analysts and journalists alike used to guess the Fed’s interest rates decisions based on the thickness of Alan Greenspan’s briefcase when he arrived at the meetings. Yesterday, the Fed met and left rates unchanged – as expected – but nevertheless led the blue chips to a triple-digit rally.
After a nightmarish ride through bankruptcy and the threats of corporate murder-suicide, Delta Air Lines is poised to emerge from Chapter 11 limbo. And that, says CNBC's Phil LeBeau, may spell "the last stand of Doug Parker," the CEO of US Airways Group.
Is It News Or Not? In the world of investments and markets, it’s sometimes hard to tell at first glance. At around 8 am, a single headline flashed: Motorola says investor Carl Icahn has a 1.4 percent stake and will seek a board seat. (That’s when all the heads in the control room turn around and look at me. Terrifying!).
Huh? Cancel the Super Bowl in order to work better? Did you read this right? Well, it seems flu shots may help us stay on the job in winter, but if you really want to prevent lost productivity in January -- just cancel the Super Bowl. Un-American you say? Perhaps. But John Challenger told CNBC's Erin Burnett that the National Football League's annual orgy of touchdowns.....
The Democrats are back in power in Congress--but does that mean they have the confidence of the American people to lead? And are they better for business? It appears so according to a new WSJ/NBC poll. CNBC's John Harwood explained the numbers before a discussion on just why the Dems might be able to sing "Happy Days Are Here Again."
Just as there are “hidden gems” out there in the market waiting to be bought, there are also plenty of stocks that are mispriced and due for a bounce. Arnie Alsin of Alsin Capital was on “Street Signs” to shed light on some stocks he said are due for a big turnaround. First up on Alsin’s list is...
Waiting Room: The rush to get breaking news on the air is one big, stress-filled, exciting adrenaline rush. A logical person (i.e. one who does not work in television) would think that if you know in advance that something might break at a given time, that makes life easier. Well, in many ways it does, but it sometimes can drag into an arduous wait. Sometimes for naught!
The state of Illinois is getting ready to take a big gamble on outsourcing its lottery operations in what would be the largest privatization in the U.S. of a state-run program. The lottery in that state has generated about $13 billion for Illinois public schools since its inception in 1974. But if it were leased out, some worry schoolchildren in that state would be the real losers if the operation were to fail.
A rumor of war -- or something more "insidious." Last night, President George W. Bush offered America his formula for energy security, which included doubling the Strategic Petroleum Reserve (SPR) to 1.5 billion barrels of oil by 2027. While some found mediocrity in aspects of the president's plan, two observers see harbingers of danger.
The American middle class is under fire according to many Democrats and they say it's getting worse. As we noted earlier, Sen. Jim Webb (D-VA) said as much in his response to the president's State of the Union speech last night--when Webb said there are "two different countries" when it comes to getting benefits from a good U.S. economy.
Driving to your favorite steakhouse might be more energy efficient in the future--but cleaner air and better gas mileage will begin to cost you more for that t-bone platter. Higher corn prices are likely to be trickling down into areas--including prices for meat. The reason? corn is a main ingredient for making ethanol and corn is used for feeding livestock like cattle.
Just how risk-averse is the U.S. stock market? A new survey by Thomson Financial and the World Economic Forum calculates what traders are most worried about – and it’s a bit surprising. On “Street Signs,” Erin Burnett spoke with Thomas Aubrey of Thomson and Chris McGee of the PRS Group about what could be the biggest risk to the market - and it isn't terrorism.
Do you feel lucky? That's the question posed by Jeffrey Pasquarella's brainchild: BetOnIraq.com -- a Web site he founded to give brave investors the chance to buy Iraq's young currency. Pasquarella told CNBC's Erin Burnett that 4,000 customers have used the site's foreign exchange service over the past three years, with the "average customer".......
Today's U.S. housing numbers that we've been reporting have some very good news--and some not so good news (seems most economic reports out lately are a double edged sword). First--the housing starts for multi-family homes are up 42% in the month of December (the largest jump since April of 2005.) Great, right? Well hold on. CNBC's Diana Olick reported from a KB Home site in Florida--that the celebration might be premature.
Private equity is the hot spot in money these days with groups gobbling up companies left and right and big payoffs for members of the private equity firms. (we've reported on the pros and cons of private equity firms.) So--they are the place to be when it comes to making money, right? Well--business vets need not be bitter about reports that freshly-minted MBAs are making $400,000 per year....
The Federal Reserve released its Beige Book survey just as “Street Signs” began today. The survey showed the U.S. economy entered 2007 with moderate growth – including moderate wage gains and price increases. The bottom line was that the Fed appeared to still be “upbeat on inflation,” according to CNBC’s Steve Liesman.
As President Bush prepares to send over 20,000 more U.S. troops to Iraq, one question being asked is--will the escalation jumpstart the country’s oil industry? The question centers on Iraq’s vital oil trade stabilizing in the midst of a bloody war. On “Street Signs,” two guests talked about the Iraq oil situation--Michael Makovsky of the Bipartisan Policy Center and David Kirsch of PFC Energy.
A soft landing is still a landing – and CGM Realty Fund’s Kenneth Heebner is preparing to roll with it. He serves as portfolio manager at the fund, which has been warily watching the real estate market’s more moribund developments – such as the sudden glut in unsold condominiums in cities like New York, Boston and Washington, DC.
He's running--sort of. U.S. Sen. Barack Obama (D-IL) is a major step closer to actually running for the presidential nomination of his party. Obama announced in high-tech fashion (on his personal Web site) that he's formed an exploratory committee to run for the top spot on the presidential ticket in 2008.
Big oil. It's a big issue for Democrats on Capitol Hill and one of their announced targets for reform. Today-they're taking up the issue in the House. They're "after" oil they say because of record company profits and high gas pump prices. What are they proposing to do? They want to raise $12.7 billion for research in alternative energy sources.