Recently, hedge fund magnates Mr. Bass and Mr. Tepper, the respective heads of Hayman Capital and Appaloosa Management, separately initiated bets on “less bad” assets—those assets which may be expected to see some cyclical improvement from a low base—as opposed to investing in those assets/markets which boast positive or favorable fundamentals, irrespective of outlying factors.
In a CNBC exclusive, President Clinton broke his silence speaks to Maria Bartiromo for the first time about what he knew about the operation, what it means for the war on terrorism, and what's next for the relationship between the US and Pakistan.
It will forever be known as the place where the United States finally caught up with Osama Bin Laden but the Pakistani garrison town of Abbottabad has been described as the country’s ‘Terrorism Central,’ according to the executive director of the Asia-Pacific Foundation.
President Obama's standing with Americans has improved after U.S. commandos killed Osama bin Laden, but only slightly.
There were many reasons throughout history that a currency has become the reserve money of the world, but the most common has been the country’s military might—specifically that of its navy.
The former residence of Osama bin Laden in Abbottabad, a military city 50km from Islamabad, has become one of the most recognised addresses in Pakistan, the FT reports.
Dogs are amazing. You won't see a cat go into battle. A cat won't sniff around to help rescuers find survivors in the rubble. Cats wouldn't be caught dead helping a blind person get around. Take a bullet for you? Come on. There is no 'ow' in 'meow'. A dog even helped take out the world's most wanted terrorist.
There were 79 people on the assault team that killed Osama bin Laden, but in the end, the success of the mission turned on some two dozen men who landed inside the Qaeda leader’s compound, the New York Times reports.
No other country on earth has a larger defense budget than the United States. What are the most expensive U.S. military vehicles? Find out.
Between economic uncertainty, falling commodity prices, and iffy economic news, investors' appetite for currency risk is decidedly off. But for how long?
Marking Osama bin Laden's death where the terrorist inflicted his greatest damage, President Barack Obama visited the Manhattan firehouse that sustained the heaviest losses on Sept. 11 and proclaimed that bin Laden's killing sent the message that "we will never forget."
Pakistan's army on Thursday called for cuts in the number of U.S. military personnel inside the country to protest the American commando raid that killed Osama bin Laden, and threatened to cut cooperation with Washington if it stages more unilateral raids on its territory.
President Obama visits Ground Zero and participates in wreath-laying ceremony but does not make any public comments. Also, Richard Grasso, former NYSE chairman & CEO; Jimmy Dunne, Sandler O'Neill, and CNBC's Bob Pisani, reflect on that fateful day and the future of the NYSE. CNBC's John Harwood reports from lower Manhattan in NYC.
President Obama speaks at firehouse in midtown Manhattan and discusses the killing of Osama bin Laden as well as the sacrifice firefighters made on 9/11. CNBC's John Harwood & Bob Pisani weigh in on the president's remarks
One of the many, many things I love about this country is that we are funny. As I noted earlier this week, hours after learning Osama bin Laden had been shot dead, we started doing what we always do...cracking jokes. We haven't stopped.
The identities of all 80 members of the American commando team who thundered into Abbottabad, Pakistan, and killed Osama bin Laden are the subject of intense speculation, but perhaps none more so than the only member with four legs.
In the aftermath of the killing of Osama bin Laden, I found myself agreeing with Charles Krauthammer that this was a global game-changer for American greatness. It was a gutsy and courageous decision by President Obama, brilliantly executed by the Navy SEALs and all the intelligence and support behind them.
The reputation of the Pakistani army, the most powerful and privileged force in the country, has been severely undermined by the American raid that killed Osama bin Laden, raising profound questions about its credibility from people at home and abroad. The New York Times reports.
In a research note from the Asia Pacific Foundation M.J.Gohel has been asking whether it would have been better to bring Osama bin Laden in alive. His conclusion: in an ideal world yes, in the real world, probably not.
The President makes a triumphant return to Ground Zero, Wall Street anticipates strong GM earnings and retail sales, while the dollar may fall further on Euro policy. Here's what we're watching…