The Department of Justice has responded to a blistering critique by a government investigator of its investigation of Beazer Homes, the troubled Atlanta-based homebuilder that has come under fire for alleged mortgage fraud.
Back in 1987, the movie “Wall Street” inspired a generation to enter the world of finance. But within that industry, attitudes toward the long-anticipated sequel are surprisingly subdued. The main concern: that the new movie will be a platform for bank-bashing.
For the last 14 years, the United States has had a policy of lowering the tax burden on individuals and capital. Under the most likely scenario, the Bush tax cuts will be extended for only those below $250,000. The reason put forward is to make those that can afford to pay the taxes do so with the majority of Americans benefiting. This sounds reasonable until you study the effects on allowing taxes to rise on high earners, capital gains and dividends
The repo market was central to the dramas of 2008. One of the main reasons why entities such as Lehman Brothers collapsed, after all, was that investors fled from repo deals, because they became frightened about counterparty risk.
If anyone is as scorned as much as Democrats these days, it's Republicans — the very party that may recapture the House of Representatives and perhaps the Senate in November's midterm congressional elections.
To chip away at unemployment, former President Clinton proposed Thursday on CNBC that employers with open jobs hire a newly trained employee whose education is funded by the government.
Men have finally wised up to the need for a prenuptial agreement, but after the recession, women are increasingly learning the joys of being protected — you know, just in case.
A long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers is poised to clear its final hurdle.
To grow, the Middle East island nation of Bahrain needs to be part of a collaborative effort with its much bigger and oil-richer neighbors, Bahrain, His Highness Shaikh Bin Hamad al Khalifa, CEO of the Bahrain Economic Development Board, told CNBC Wednesday.
New York City’s quasi-military $1.2 billion Department of Sanitation is the largest such municipal operation in the world.
Uncertainty about health-care costs and taxes is the rallying cry of some business leaders who say they’re putting off hiring and expansion till they know what those expenses will cost. Just how much weight that argument carries pitted New Jersey Governor Chris Christie against James Chanos founder of the hedge fund Kynikos Associates, on CNBC Tuesday.
President Obama stayed on “pro-growth,” did not attack Wall Street but held his ground on the Bush tax cuts and other policies, CNBC guests said Monday, following a Town Hall meeting.
High deficits and a lack of job growth underpin Obama's awful poll numbers, but the foul mood is buttressed by a fundamental disagreement with policies the president has pursued that should be winners.
It’s the consumer, stupid. That was the message of Bill Dunkelberg, chief economist for the National Federation of Independent Business (NFIB), who told CNBC Monday that the consumer needs to come back for the economy to improve.
Dueling sentiments are tugging at President Obama as he is set to address the nation on CNBC Monday. One is that he’s been “too nice to Wall Street,” according to a CNBC poll; the other is that he’s anti-business, a consensus discussed on CNBC Monday.
Taxes and jobs are some of the key issues that CNBC guests want to hear President Obama talk about at Monday's town hall meeting.
President Obama lacks the popularity and credibility now to give Americans confidence about the economy, Washington Post reporter Neil Irwin told CNBC Friday.
In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.
Had the Republicans taken control of Congress in 2008, the country would have sunk into a depression, House Speaker Nancy Pelosi (D-Calif.), told CNBC Thursday.
The budget problems that come from federal spending and entitlements, such as Social Security, pale in comparison with the challenges of containing health care costs and maintaining Medicare at the level of treatment Americans expect, Robert Reich, the former Labor Secretary, told CNBC Thursday.