Although there’s a thin line between hedging and speculating, regulators should crack down if banks are making unusually large profits on their hedging activities, CFTC Commissioner Bart Chilton said.
A top Congressional Republican expressed skepticism on Thursday about how much the Federal Reserve can do with a new round of to bolster the economy and spur hiring, adding that it underscored how uncertain conditions really are.
In the first and second quarter, City National had more loan originations than it had in its entire history, the bank’s CEO, Russell Goldsmith, told “Squawk on the Street” on Thursday.
The economy is doing “terribly” and may not reach 2 percent growth this year, Martin Feldstein, former Council of Economic Advisors chairman under President Reagan, told CNBC’s "Closing Bell."
Michael Kors Holdings stock has nearly doubled this year, outperforming other high-end and luxury brands like Tiffany and Coach.