CNBC.com's News Now: Fed Stays the Course

Click here to view today's top stories on your mobile device. Wednesday, Jun. 24, 2009     DOW 8299.86 -23.05 -0.28%   NASDAQ 1792.34 27.42 +1.55%   S&P 900.94 5.84 +0.65%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Warren Buffett to CNBC: U.S. Economy In "Shambles" .. No Signs of Recovery Yet In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet..." »read more Nike Posts Surprise Profit Increase, Tops Expectations Nike reported earnings that topped analysts' expectations and unexpectedly rose over the same period a year ago... »read more Fed Keeps Rates On Hold, Citing the Weak US Economy The Federal Reserve on Wednesday held monetary policy steady and said the U.S. economic recession was easing, as it signaled its worries over a possible troubling downward spiral in prices were fading... »read more TODAY'S TOP 5 VIDEOS 1. Fed Stays the Course  A market reaction to the Fed's decision to keep funds unchanged, with William Gross, Pimco; Ken Volpert, Vanguard Funds; and CNBC's Steve Liesman, Rick Santelli, and Hampton Pearson. 2. Buffett & Becky  Billionaire investor Warren Buffett discusses America's "economic war" with CNBC's Becky Quick. 3. Big Citi Bump  Citigroup plans to raise base salaries by as much as 50 percent this year to offset smaller annual bonuses and award millions in new stock options. William Isaac, chairman of LECG Global Financial Services and fmr. chairman of the FDIC, shares his insight. 4. Open-Winner Glover Talks  Lucas Glover beat out the likes of Phil Mickelson and Tiger Woods to win the U.S. Open on Monday, and CNBC's Darren Rovell had a chance to talk to the golf champion. 5. Stop Trading, Listen to Cramer!  Mad Money's Jim Cramer weighs in on Rep. Darrell Issa's allegations against Fed Chairman Ben Bernanke.       TODAY'S TOP BLOG   Ford's Favored Status If actions speak louder than words, watch how the Obama administration is dealing with Ford lately. When the President announced new CAFE standards at the White House, who were the two industry leaders positioned to stand out from the other auto executives? Ford CEO Alan Mulally and UAW President Ron Gettlefinger. When the Obama administration announced the first round of federal loans for developing future vehicles and fuel efficient technology, where did Energy Secretary Stephen Chu make the announcement? At Ford, standing side by side with Mulally.»read more »See All CNBC.com Blogs     FIRST IN BUSINESS WORLDWIDE     (c)2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632

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