CNBC.com's News Now: Changes At BofA?

Click here to view today's top stories on your mobile device. Friday, Jun. 26, 2009     DOW 8438.39 -34.01 -0.4%   NASDAQ 1838.22 8.68 +0.47%   S&P 918.9 -1.36 -0.15%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Bernanke Gets Wall Street Backing As Congress Attacks One man's prudence is another's recklessness, as Ben Bernanke is quickly learning... »read more Jackson Leaves Behind A Troubled Financial Legacy Michael Jackson's will is bound to be as bizarre as the rest of the singer's turbulent life. But one thing is for sure, the arguments over his deeply flawed financial legacy will keep lawyers busy for years... »read more BofA Begins Succession Plans for CEO Lewis: Sources The search for Bank of America CEO Ken Lewis' successor has heated up in wake of the ongoing controversy between him and Federal Reserve Chairman Ben Bernanke, CNBC has learned... »read more TODAY'S TOP 5 VIDEOS 1. Changes At BofA?  The board at BofA is searching for a Ken Lewis replacement. Insight with CNBC's Charlie Gasparino. 2. King of Pop's Immediate Impact  Michael Jackson's sudden death has triggered a huge flood onto the internet, with Daniel Dumas, Wired Magazine & CNBC's Jim Goldman. 3. White House Senior Adviser Speaks  Valerie Jarrett, senior adviser and assistant to the president for intergovernmental affairs, talks to CNBC. 4. BlackRock President on Barclays Merger  Robert Kapito, president of BlackRock, discusses his company's merger with Barclays Global Investors and his outlook on the consolidation of the asset management business. 5. Stop Trading, Listen to Cramer!  Mad Money's Jim Cramer gives advice on the markets.       TODAY'S TOP BLOG   No End In Sight To A Thrifty Consumer Even with some grease from economic stimulus dollars, consumers remained hesitant to spend in May—and aren't likely to get the urge anytime soon. We've been seeing several small signs that consumers are growing more wary. For example, shoppers are increasingly turning to online coupons to stretch their dollars, and a recent poll said consumers would ditch their Fourth of July plans if gasoline prices continued to soar. But the latest report on personal savings has provided fresh evidence that consumers are continuing to watch their pennies. Exactly, what will it take to get consumers spending again, and can the economy rebound without them?»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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CNBC.com's News Now: Issa Blames Bernanke

Click here to view today's top stories on your mobile device. Thursday, Jun. 25, 2009     DOW 8472.4 172.54 +2.08%   NASDAQ 1829.54 37.20 +2.08%   S&P 920.26 19.32 +2.14%       NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS     WHAT YOU SHOULD KNOW Rebound In Housing Hampered By Slowdown in 'Short Sales' When Vasco and Mrjama Lukic's American housing dream turned into a nightmare, they managed to escape through a long and complicated process known as a "short sale..." »read more Bernanke Defends His Role In Bank Of America, Merrill Deal Federal Reserve Chairman Ben Bernanke told Congress Thursday he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion... »read more Unemployment, GDP Paint Picture of Sluggish Economy The economy tumbled at a 5.5 percent pace in the first quarter, but appears to be doing better now, even though heavy layoffs persist... »read more TODAY'S TOP 5 VIDEOS 1. Issa Blames Bernanke  Rep. Darrell Issa, R-Calif., says the Federal Reserve failed to disclose details about its involvement in Bank of America's controversial acquisition of Merrill Lynch, and today Fed Chairman Bernanke will testify before the House Oversight Committee about the deal. Rep. Issa discusses the allegations with CNBC. 2. Bernanke Responds to Issa  Rep. Darrell Issa (R-CA), questions Fed Chairman Ben Bernanke regarding the Federal Reserve's influence in the Bank of America-Merrill deal, and whether the Fed actually tried to cover it up. 3. Texting & Driving: Don't Do It!  CNBC's Phil LeBeau looks at the dangers of texting while driving. 4. El-Erian on the Markets  Mohamed El-Erian, CEO and co-CIO at Pimco, shares his market insight. 5. Obama & Energy  President Barack Obama discusses the Energy Bill working its way through Congress.       TODAY'S TOP BLOG   Texting And Driving Worse Than Drinking and Driving The folks at Car and Driver Magazine have now documented just dangerous it can be. Rigging a car with a red light to alert drivers when to brake, the magazine tested how long it takes to hit the brake when sober, when legally drunk at .08, when reading and e-mail, and when sending a text. The results are scary.»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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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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Fed Stays the Course, But With a Few Tweaks

Get a Real-Time Quote   Wednesday, Jun. 24, 2009    The insight you need to navigate through today's FED decision   Fed Stays the Course, But With a Few Tweaks Steve Liesman, CNBC Senior Economics Reporter There were some minor tweaks to the Federal Reserve's statement today, but otherwise the major thrust of the Fed's extraordinary policy to combat the financial crisis remains in place: keeping interest rates "exceptionally low .... for an extended period" and continuing massive purchases of treasuries and mortgage-backed securities. Among the notable tweaks, the Fed appeared to dial back on its concerns over deflation. It removed from its statement the line from April where it worried that there was "some risk that inflation could persist for a time below rates that best foster economic growth and price stability." That was code for deflation concerns. » Continued CNBC Fed Highlights 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. » Play video Economist: Fed Must Address Inflation Markets will react badly if the Fed doesn't address concerns about inflation, says Martin Regalia, chief economist at the U.S. Chamber of Commerce. » Play video Fed & the Markets Insight on how the Fed's decision will impact the markets, with Jan Hatzius, Goldman Sachs and Bob McTeer, former Dallas Reserve president. » Play video Keys To The Fed The Fed Didn't Cause Stocks to Sink The Fed was slightly more positive on the economy, noting that "conditions in financial markets have generally improved in recent months" and that "the pace of economic contraction is slowing.... » Read More Text: FOMC Statement Read the statement released by the Federal Open Market Committee after its June. 23-24 meeting on interest rate policy... » 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. The Federal Reserve headquarters in Washington, DC.... » Read More Dow Ends Lower After Fed Statement Stock gains eroded Wednesday after the Fed said it expected to keep interest rates exceptionally low for an extended period.... » Read More Advertise With Us | Visit Our Member Center | Unsubscribe FIRST IN BUSINESS WORLDWIDE. © 2009 CNBC Inc. All Rights Reserved 900 Sylvan Englewood Cliffs, NJ 07632