As Senior Talent Producer at CNBC, Lori Ann LaRocco has the ear of some of the world's biggest business minds. LaRocco has been working at the network since 2000. She was first hired as one of Maria Bartiromo's producers on her first prime-time show "Market Week." LaRocco produced, and booked interviews with some of the biggest unattainable names in business. LaRocco's track record has garned the trust and respect from Wall Street rainmakers to Washington. Establishing relationships with some of the best in business, LaRocco's contacts have told her first of business deals in the billions of dollars, enabling her show, "Squawk Box" to break the news first. LaRocco is also the author of "Dynasties of the Sea" (Marine Money International 2012), the upcoming book,"Opportunity Knocking" (Agate Publishing, 2014)and "Thriving in the New Economy" (Wiley, 2010). Prior to joining CNBC, LaRocco was an anchor, reporter and assignment editor in various local news markets around the country.
In an effort to help with the expecting tsunami of foreclosures, the government is putting pressure on Fannie Mae and Freddie Mac to modify their "underwater" mortgages when people fall behind on payments.
The political barbs are being traded on Capitol Hill over the deal to extend the Bush era tax cuts. As the list of disgruntled Dems grows, worry over the fate of this deal increases as well.
The holiday shopping season seems to be ringing in stronger this year. Although not the at pre-recession levels, consumers are opening their wallets a little bit more and November retail sales showed that strength.
On Friday, the Obama administration announced that it had reached a free trade deal with the South Korean government in Seoul. Trade organizations for both the automakers and meat growers chimed in with support for the pact. But Senator Max Baucus, the Montana Democrat, has said he is "deeply disappointed" with the agreement. It's not clear whether Baucus will attempt to block the treaty from being approved in the Senate.
I can't say I am surprised that the President's Deficit Panel failed to get enough votes to move its plan forward to Congress.
John Hofmeister has been one of the leading critics of the Obama administration's policies curtaining oil and gas drilling. I interviewed Hofmeister, the former President and CEO of U.S. Operations for Shell Oil and Founder and CEO of Citizens for Affordable Energy, following the announcement that the Obama administration would not allow offshore oil drilling in the eastern Gulf of Mexico or off the Atlantic and Pacific coasts as part of the next five-year drilling plan.
The Grinch may not have stolen the Black Friday momentum, but the coal in the retailer's stocking next year could the high price of cotton. "The fabric of our lives" is going to be more expensive come Spring and the prices you are seeing now will soon be a memory.
The foreclosure crisis still divides us into two camps. There are those who believe that foreclosing rapidly on homes subject to defaulted mortgages is vital to clearing the market. Others believe we should do everything we can to keep people in their homes, urging loan modifications to forestall foreclosures.
Black Friday marks the official kick off to the holiday shopping season and the battle over the gaming space is no child's play. This is serious business and it has come a long way from its meager beginnings in 2000 when total video game sales including PC games totaled $7.98 billion. According to researchers at NPD, game sales at brick-and-mortar retail alone has since grown more than 250 percent in recent years.
The latest confirmation of troubles came with the Empire State mfg index.
History suggests the calendar and politics haven't played much of a role in Fed policymakers' thinking.
Corporate America will focus on buying back stocks and issuing dividends in 2016, according to Goldman Sachs.
While there are 40 days before the next Fed meeting, markets already believe they know what's going to happen.
Markets seem to be be moving higher and shirking off bad news no matter what, strategist Michael Farr says.
Barclays was hit by a $108.5 million fine on Thursday as it allegedly worked with super-rich clients in a way that could have facilitated financial crime.
A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.