The US will face a severe credit crunch if the financial regulation bill passes in its current form, Sen. Judd Gregg (R-NH) told CNBC Thursday.
The internal obsession with the stock must subside. It is a paranoid approach that is just as unnatural as the idea of Mr. Blankfein on Oprah.
In today's world, the process of providing access to affordable healthcare should be easier than it is. Globally, we're all affected by the rising costs of healthcare in the face of an aging population – increasing expenditures for healthcare is a challenge in every country where Teva has a presence.
The US should expect a notable slowdown in GDP growth, to ½ percent, during the second half of this year, Jan Hatzius, chief US economist at Goldman Sachs, told CNBC Wednesday.
Senate negotiators are expected to offer changes today to the financial reform bill that would soften the Volcker rule. On Capitol Hill there is widespread speculation that the Senate negotiators will propose language that would allow banks to invest a small amount of their capital in their internal hedge funds or proprietary trading desks.
The Federal Communication Commission's recent proposal for expanded Internet oversight will imposes a "regime" of "old utility-style" rules, Verizon CEO Ivan Seidenberg said Tuesday in remarks at the Economic Club of Washington, D.C.
The threat of a trade war between the US and China is greatly reduced. The move should help combat Chinese inflation a little by making imports less expensive. The only major country the Chinese have a trade surplus with is the US. Exporters to China should still see better trade as the richer currency buys more.
Blackouts are one more possible problem related to the BP oil spill for the residents of the Gulf of Mexico region. If that happens, the power outages have the potential to impact homes and businesses from western Louisiana to eastern Florida.
A year after a new law put tobacco regulation in the hands of the Food and Drug Administration, one thing is clear: It will likely be years before any of the most aggressive steps to reduce deaths from smoking might happen.
New financial services regulations will be so disastrous that Congress will need to repeal them to undo the damage they will cause, banking analyst Dick Bove said Monday.
BP deserves acknowledgement for the claims it has made to date to the Gulf of Mexico region and its residents and its agreement last week with the government to pay out some $20 billion, Ken Feinberg, BP escrow account administrator, told CNBC Monday.
Industry lobbyists — and sympathetic members of Congress — are pushing for provisions to undercut a central pillar of the financial reform legislation, known as the Volcker Rule, which would forbid banks from using their own money to make risky wagers on the market and would force them to sell off hedge funds and private equity units. The NYT reports.
UK-based bio-technology firm GW Pharmaceuticals launched the first prescription medicine derived from cannabis Monday, following regulatory approval late last week.
The public, both the American and those throughout the world, will demand greater regulation of the oil industry in light of the BP Gulf of Mexico spill, James Mulva, chairman and CEO of industry giant ConocoPhillips, told CNBC Friday.
I’ve been warning about for some time about how doing stress tests are great, but there are at least two more steps that need to be taken for reduction of uncertainty over European banks and countries.
There’s a certain group of traders that is causing some irregular moves in stocks, Cramer said. Get the full story here.
The company and the Consumer Product Safety Commission say no injuries have been reported yet but urge consumers to stop using the belts and return them for a full refund through the voluntary recall program
The Justice Department says it has made the arrests since March, in a probe of mortgage fraud called Operation Stolen Dreams.
If you listen to Washington and New Yorkers working for bailed out institutions or in offices 100 floors above Wall Street, the recovery is weak because banks, and now small banks in particular, won't lend money to small businesses.
The Buy America Bonds (BABS) program needs to be deep-sixed, political consultant Paul Equale told CNBC Wednesday, because banks selling bonds to municipalities and states are now advising investors on how they can profit should the governments default on their commitments.