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  Wednesday, 9 Feb 2011 | 4:49 PM ET

Bernanke Tells Congress Not to Freak Out

Posted By: Ash Bennington
  Wednesday, 9 Feb 2011 | 4:03 PM ET

Will The Wikileaks Bank of America Bombshell Be a Dud?

Posted By: John Carney
Bank of America flag
Getty Images
Bank of America flag

The huge cache of bank documents held by Wikileaks is dated and perhaps a bit dull.

But they are definitely from Bank of America.

» Read More
  Wednesday, 9 Feb 2011 | 3:46 PM ET

Don't Panic: The World Won't Run Out of Oil Before the Weekend

Posted By: Ash Bennington
CNBC.com

Earlier today, my colleague John Carney wrote about new revelations about peak oil that have recently come to light through Wikileaks. I spoke with Bradley Schaeffer, CEO and co-founder of INFA Energy Brokers, to get his perspective on oil prices.

» Read More
  Wednesday, 9 Feb 2011 | 2:58 PM ET

Porn Paves the Way in The Business of Tech

Posted By: Ash Bennington

Apple and Google have been wading into 'cloud computing' for internet video—but porn is jumping in head first.

Movies are a multibillion dollar business—and the big media conglomerates that run the industry are among the best known and best capitalized corporations on Wall Street. So a sea change in the world of video is something worth giving some thought.

» Read More
  Wednesday, 9 Feb 2011 | 2:10 PM ET

NYSE—Deutsche Boerse Merger Talks Sparks Speculation Of NASDAQ, CME, CBOE Deals

Posted By: John Carney
Jupiterimages | Brand X Pictures | Getty Images

Even before the Deutsche Boerse and New York Stock Exchange-Euronext officially announced that talks between them were in "advanced stages," there were whispers of what other deals might be in the works.

In particular, people have been asking how Nasdaq would respond to the creation of such a global powerhouse exchange.

» Read More
  Wednesday, 9 Feb 2011 | 1:30 PM ET

Girl Who Hooked up With Mark Sanchez Is Daughter of Hedge Fund Manager

Posted By: Cadie Thompson
Quarterback Mark Sanchez of the New York Jets walks off the field after the AFC Divisional Playoff Game against the San Diego Chargers at Qualcomm Stadium on in San Diego, California.
Getty Images
Quarterback Mark Sanchez of the New York Jets walks off the field after the AFC Divisional Playoff Game against the San Diego Chargers at Qualcomm Stadium on in San Diego, California.

So...this is probably not one of daddy's proudest moments.

Turns out Mark Sanchez's youthful lady friend \(and by youthful, I mean barely legal\) is the daughter of a well-to-do \(and by well-to-do, I mean extremely loaded\) partner of a Connecticut based hedge fund.

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  Wednesday, 9 Feb 2011 | 1:16 PM ET

Did Wikileaks Just Confirm Peak Oil?

Posted By: John Carney
Julian Assange
Getty Images
Julian Assange

The idea that we may be headed for an oil supply crunch got a boost from a Wikileaks release revealing that Saudi Arabia's oil reserves may have been exaggerated by as much as 40%, or 300 billion barrels.

The basic theory of “peak oil” is that we have reached—or will shortly reach—the point when oil extraction cannot be expanded. We’re drawing as much oil out of the ground as we ever will—oil extraction has “peaked.” The typical follow up to this is the prediction that we’ll decline from this peak—perhaps rapidly—creating a spike in oil prices or a huge demand for alternatives.

» Read More
  Wednesday, 9 Feb 2011 | 12:18 PM ET

Richard Fisher to Ron Paul: Get Your Own House in Order First

Posted By: John Carney
Ron Paul
AP
Ron Paul

In the speech by Dallas Fed president Richard Fisher thatI discussed earlier today , Fisher delivered a stinging rebuke to Ron Paul almost calling the Congressman out by name.

Fisher's contention is that Fed critics are over-emphasizing the importance of monetary policy. His argument is addressed to those who think the Fed should be held accountable for the weakness of our so-called recovery and those who are worried that the Fed is debasing our currency.

» Read More
  Wednesday, 9 Feb 2011 | 11:48 AM ET

Duncan Neiderauer Is Kind of Cool, as It Turns Out

Posted By: Ash Bennington
Duncan Niederaurer
Getty Images
Duncan Niederaurer

Last night the American Ireland Fund hosted an event on the floor of the New York Stock Exchange.

Duncan Niederauer, the CEO of the NYSE, was the evening's host. Also, there was an open bar.

» Read More
  Wednesday, 9 Feb 2011 | 11:09 AM ET

Bernanke to Congress: We're Much Closer to Total Destruction Than You Think

Posted By: John Carney
Ben Bernanke
Getty Images
Ben Bernanke

Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.

Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted by them.

From Bernanke's prepared remarks :

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  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

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