One of the mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy.» Read More
While lower-than-expected trading revenue took the focus of Citigroup’s earnings call Tuesday, it’s the company’s problems with expenses that could hamper it going forward.
The day of reckoning is here for health care. The Senate is expected to vote in the early evening on the GOP's Obamacare repeal bill.
While the tone of the discussion was more civil this time around, the message was still the same. On any given day, speculation about the outcome in the Senate changes, largely thanks to guesses about what Democratic Senators up for re-election in 2012 will do.
Today the word is that Senate is vowing to stand behind Obamacare and against the repeal bill. All this uncertainty is creating a headache for companies in the health care sector. I decided to ask Cathy Burzik, CEO of the medical technology company, Kinetic Concepts how this health care drama is being factored into her business strategy.
In honor of the visit by Chinese President Hu Jintao to the White House today, we bring you the US-Sino Currency Rap Battle.
Insiders at Freddie Mac are downplaying the memo revealed by Bloomberg yesterday.
Here's one topic not likely to come up for discussion between President Obama and Chinese president Hu Jintao: 'death vans'.
Goldman Sachs was not kidding when it began telling employees earlier this year that pay would be "modest."
A few years ago, I spent the long weekend over MLK studiously avoiding doing either the conservative thing—celebrating our country’s dedication to equality and color-blindness—or the progressive thing—celebrating the accomplishments of African Americans.
Instead, I read a book called "The Geography of Thought: How Asians and Westerners Think Differently … and Why. "
Psychologist Richard E. Nisbett started out as a universalist concerning the nature of human thought, convinced that all populations perceive and reason in the same way. Apparently, this is \(or was\) a very common assumption among psychologists. Prompted by a Chinese student, however, Nisbett began to read more broadly and discovered evidence that Westerners and East Asians have maintained very different systems of thought for thousands of years.
I'd like to keep this short—because I've tried very hard not to write about it at all. But the story just won't die.
Ten days ago, a Yale Law school professor named Amy Chua wrote an essay in the Wall Street Journal called "Why Chinese Mothers Are Superior ". If you've missed the debate, I'll provide a thumbnail sketch.
As more and more states go deeper in the red, the possibility of "health care rationing" becomes more and more probable. Arizona recently decided to halt Medicaid reimbursements for organ transplants, for example.
I've talked to some of my contacts in DC and they say health care rationing could be the next big thing in today's tumultuous fiscal reality. I decided to speak with Amanda Glassman, Director of Global Health at the Center for Global Development, to find out more about about this phenomenon.
Goldman Profit Beats, but Profits Drop Sharply from Previous Quarter [CNBC] "Goldman Sachs reported a fourth-quarter profit that edged past Wall Street expectations Wednesday, but its quarterly revenue came in below forecasts as investment banking and client services revenue slipped. For the three months ended December, Goldman reported a profit of $3.79 a share, down from $8.20 a share in the same quarter a year ago. Revenue fell to $8.64 billion from $9.62 billion in the year-ago period."
Wells Fargo Reports in Line Earnings [CNBC] "Wells Fargo posted earnings that matched expectations Wednesday, though the bank topped Wall Street's expectations on revenue. The banking giant reported fourth-quarter earnings of 61 cents a share. Wells Fargo earned 8 cents a share during the same period a year earlier. Sales for the most recent quarter rose to $21.49 billion, up from $22.70 billion last year."
"AIG Names 4 Banks as Lead Underwriters for Re-IPO" [CNBC] CNBC'sKate Kelly reports: "The giant insurer American International Group has chosen four banks to be joint global coordinators of its expected secondary offering: Bank of America, Deutsche Bank, Goldman Sachs, and JPMorgan Chase, according to people familiar with the matter. "
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
Wharton's Jeremy Siegel just introduced a caveat to his perennially bullish outlook for the markets.
September is typically not good for the market, says NYSE floor trader Kenny Polcari. Is there pain ahead?
Bove sees a scenario in which long-term financing that has come with fixed interest rates is endangered as mortgage buyers dry up.