The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Wednesday... »read more
The weak U.S. economy is improving modestly with little upward pressure on wages and finished goods despite commodity price gains, the Federal Reserve said Wednesday in a report that gives it little reason to move from its current ultra-low interest rates... »read more
Inside the offices of Tradeworx, an emerging player in the secretive and controversial world of high-frequency trading, it's dead quiet as staffers pore over the "tape," financial industry speak for the record of the day's transactions... »read more
Tomorrow on CNBC...
Inside The Mind of Google CNBC goes inside Google for a behind-the-scenes look at the company that created the world's most popular internet search engine.
Treasury Secretary Timothy Geithner testifies in front of the Senate Agriculture Committee on how to regulate the $600 trillion over-the-counter derivatives market.
"Cancel the party," the author says adding, "I don't say that because I'm hard-hearted and stingy. There are practical reasons why the company holiday party is a bad idea."
The deal between General Electric and Comcast over a majority stake in NBC Universal is complete, and there is nothing left to do but process paper, a source close to the merger told CNBC Tuesday... »read more
US auto sales edged higher in November, led by an outsized gain for Hyundai and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy... »read more
Bailed-out insurer AIG said on Tuesday it had closed a pact with the New York Federal Reserve that slashes its debt under a credit facility by more than half, to $17 billion... »read more
THIS WEEK...
Inside The Mind of Google CNBC goes inside Google for a behind-the-scenes look at the company that created the world's most popular internet search engine.
Discussing the future of commercial real estate, with Wilbur Ross, WL Ross & Co.; Sam Zell, Equity Group Investments; Richard LeFrak, The LeFrak Organization; and the Squawk Box team.
An encouraging sign that things are getting back to normal: "Greed" is making a comeback, and "cynical" thoughts are dwindling, according to Dictionary.com.
Should homeowners who are behind in their mortgage be allowed to just walk way from the payments? A University of Arizona law professor suggests that maybe they should... »read more
The Chicago Federal Reserve Bank said Monday its Midwest manufacturing index rose in October to the highest level since February but was steeply down versus a year ago amid weak economic conditions... »read more
Investors took a dim view of early holiday season sales on Monday, with shares of Best Buy, Amazon and American Eagle Outfitters among the few positive performers on hopes they were gaining a larger share of consumer spending... »read more
THIS WEEK...
Inside The Mind of Google CNBC goes inside Google for a behind-the-scenes look at the company that created the world's most popular internet search engine.
Whether Dubai could really cause trouble for the entire global economy, with Paul Hickey, Bespoke Investment Group co-founder; Saud Musad, UBS head of research; and Ziad Makkawi, Algebra Capital chairman/CEO.
In keeping with Warren Buffett's long-term way of looking at things, we bring back our timeless and time-tested predictions to mark the coming new year.