Former Mayor Michael Bloomberg's friends are calling on him to throw his hat in the presidential race, The New York Times reports.» Read More
*JFK, LaGuardia and Newark airports are closed until further notice, according to the Port Authority. *US Airways Group Inc is not operating in New York, Washington, Philadelphia, Boston and several other Northeast airports on Tuesday. *American Airlines has flights scheduled into Richmond, Virginia, several Ohio airports, Pittsburgh and Boston on Tuesday.
Warren Buffett appeared live on CNBC's Squawk Box for a two-hour interview with Becky Quick. During their conversation, Buffett said there's "no question" the global economy is slowing and he's "salivating" for Berkshire Hathaway to make a "big acquisition." Here's a transcript of their complete conversation, along with video clips.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.
Five years ago today, both the Dow and the S&P 500 closed at all-time highs. Also, New York Mayor Michael Bloomberg believes raising taxes on the city's wealthiest is "dumb." Neil Weinberg, American Banker, and CNBC's Bob Pisani, discuss.
Washington state may be the next American state to legalize gay marriage. It has the support of several major companies, but Microsoft is the most high-profile business to back it. Prominent figures in the business community support marriage equality, as was the case in New York, the last state to legalize it.
Lower Manhattan was nearly destroyed in the 9/11 attacks, but 10 years later, with the help of major investment, it has seen a dramatic recovery.
Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares Wednesday.
Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
Click to see 2010's top 10 U.S. philanthropists, as ranked by The Chronicle of Philanthropy.
Despite growing rumors to the contrary, New York Mayor Michael Bloomberg says he is not running for president in 2012.
Dan Primack at Fortune has been doing a heroic job covering Steve Rattner's travails. His post about NYC Mayor Bloomberg Thursday should be read by everyone.
Timothy F. Geithner has been misidentified as a former Wall Street insider from Goldman Sachs so many times since he became the Treasury secretary that he and his advisers had taken to joking about it. Then the joke backfired. The New York Times reports.
The national unemployment rate edged down to 9.5 percent last month, but the private sector still has 7.9 million less jobs than it did at the end of 2007. New York City Mayor Michael Bloomberg told CNBC he is worried it could be a “long time” before companies really start adding to their payrolls.
The results don't reflect well on the home states of these leaders, regardless of their politics.
The Bloomberg administration has accused Lehman of shortchanging the city of $627 million in corporate and other taxes, beginning in 1996. It is now trying to convince federal bankruptcy court in Manhattan that the city should jump closer to the front of Lehman’s long line of creditors.
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month. The agenda wasn't world domination. It was making philanthropy more effective. Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.