Kayla Tausche is an on-air reporter based at CNBC Headquarters in Englewood Cliffs, NJ. Tausche is also a member of the ensemble cast of CNBC's "Squawk Alley," where she focuses on the big money backing technology.
Tausche has covered the banking industry, as well as corporate finance and deals— and frequently breaks news. Since joining CNBC in 2011, she has reported on a wide variety of high-profile stories, including the Facebook and Twitter IPOs, the Occupy Wall Street movement, the MF Global bankruptcy and the UK phone hacking scandal.
She reports across NBC properties as a contributor to MSNBC, "TODAY" and "Nightly News with Brian Williams." In addition to reporting, Tausche serves as a substitute anchor for flagship CNBC programs "Squawk Box," "Squawk on the Street" and "Power Lunch."
Previously, Tausche was based in London as the assistant editor of DealReporter, a Financial Times-owned publication, covering mergers and acquisitions. Prior to DealReporter, she worked on the consumer and retail beat at Bloomberg News. She began her career in journalism at the Brussels bureau of The Associated Press, where her bilingual interview experience included Jacques Chirac and Peter Mandelson.
An Atlanta native, Tausche graduated with honors in business journalism and international politics from University of North Carolina at Chapel Hill, where she was an Ameel J. Fisher scholar. She sits on the alumni boards of the UNC journalism school and the Steamboat Foundation, where she was a fellow.
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While a massive restructuring effort to lay off 11,000 and cut billions from the budget is already underway, Citigroup CEO Michael Corbat sounded a clear message to investors and analysts on Tuesday: I could wield the axe further if necessary.
In a bankruptcy auction carried out Thursday at law firm Jones Day, Mexico's baking giant Grupo Bimbo placed the winning bid for Beefsteak, one of Hostess' bread brands, for $31.9 million, according to a person familiar with the matter.
The Dow is down 1 percent from its all-time closing high, with the FMHR traders; and CNBC's Kayla Tausche reports on what Apple's CEO Tim Cook is addressing at the shareholder meeting today. Also, CNBC's Mary Thompson reports how gambling stocks are faring after New Jersey legalized online gambling.