CalSTRS has ventured into hedge funds but is not paying the high fees, Christopher Ailman says.
Jim Cramer says their decision to pursue the deal was "so stupid it really is rather extraordinary."
Carnival is about to embark on an historic journey to Cuba.
Shares of Expedia rose more than 8 percent Friday after the company posted an unexpected profit in the first quarter.
Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.
Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.
Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."
“Squawk on the Street” Co-Anchor
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.