Kate Kelly joined CNBC in May 2010 as a reporter focusing on hedge funds and Wall Street. She appears during CNBC's business day programming and contributes to CNBC.com.
Previously, Kelly was a staff reporter for The Wall Street Journal, where she spent a decade. She covered numerous firms for the Journal including Goldman Sachs and Morgan Stanley as well as the movie business and the New York Stock Exchange. Before joining the Journal in 2001, she was a writer and reporter for Time magazine and, before that, a reporter at The New York Observer.
She has won a number of prestigious awards, including two Gerald Loeb Awards, four awards from the Society of American Business Editors and a Livingston Award for Young Journalists in the national reporting category.
She also has been honored by the Newswomen's Club of New York, the Medill School of Journalism and the New York City Deadline Club. She is the best-selling author of "Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street" and is currently at work on her second book, which is on the world of commodities trading.
Kelly holds a bachelor's degree from Columbia College at Columbia University.
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Chesapeake Energy, one of the country’s largest gas producers, boasts that its “offensive” hedging strategies have created more than $5 billion in gains in the last decade. But as it piles on longer-dated bets on gas prices, juicing short-term cash supplies and potentially curbing future profits from rising prices, some analysts and investors have grown concerned.
The amount of outstanding commercial paper, a particularly cheap form of short-term funding, stands at $1 trillion today, according to Federal Reserve data—down from its $2.2 trillion peak in August of 2007.
Goldman Sachs, the Wall Street giant, is in talks with at least five potential hirers for traders at its U.S. proprietary trading group headed by Bob Howard.
JP Morgan Chase has notified commodities traders in London that they’ll soon be out of a job, joining a slew of U.S. financial firms that are cutting proprietary-trading divisions because of recent regulatory reforms.
It is very possible that everything you've been hearing this month about the future has been wrong. Position yourself now as a contrarian so when the all-important fourth quarter rolls around, you're not stuck in everyone else's misguided summer camp.
This year, in which hedge funds and Wall Street trading desks have contended with a volatile, often low-volume stock market, has been no exception and the Volcker Rule may have been the perfect excuse to pull the ripcord.
Citing what a busy day it was, a meeting facilitator explained to investors and analysts that “Carl-Henric has other commitments he must fulfill” and that “unfortunately, he has to leave us now.” Mr. Svanberg had taken just four questions from callers.
State capital Harrisburg, population 50,000, is only the ninth-biggest city in Pennsylvania. Yet it has become a center of debate over the nation’s brewing municipal fiscal crisis.
Meet the business turnaround king Marcus Lemonis. He's spending millions of his own money to save failing businesses.
Only so many entrepreneurs hit the venture capital jackpot. Others need to get creative and use some unorthodox tactics.
"The Profit" Marcus Lemonis offers these tips for entrepreneurs hoping to avoid failure.
"Money Talks" is a glimpse into a rarely seen side of gambling and Las Vegas. Watch the premiere on CNBC Wednesday March 19 at 10p ET/PT.
Get a glimpse into a rarely seen side of gambling and Las Vegas.
Steve Stevens describes himself as a "bookie killer." Get an inside look into Steve's world of gambling and high risk.