Politics

The Federal Reserve's Federal Open Market Committee, the policy-setting group of economists, concluded their June meeting Wednesday. At the meeting, the FOMC decided to keep its QE program going at the current pace of $85 billion in purchases per month and views no rate rises until at least 2014....

Ken Langone, Geeknet (NASDAQ: GKNT) chairman and CEO, the venture capitalist behind the Home Depot (NYSE: HD) and Yum! Brands (NYSE: YUM), was on CNBC's Squawk Box as a guest-host for the majority of Wednesday morning. Langone started off with a nearly poetic list that displayed a fruitful year...

At one point in time the USA may have been viewed as the preeminent world leader on major financial issues. While many arrogant bankers, regulators, and political leaders here in the USA might care to continue to believe they hold that leadership position, I think most who might read this blog...

In what is becoming something of an emerging trend, no pun intended, developing world stocks and many of the ETFs that track them are cascading lower even on days when U.S. equities rally. The reasons are plentiful and the recent declines for an array of emerging markets ETFs are staggering. Weak...

If you want the latest – or any – news on the current search for the body of former Teamsters President Jimmy Hoffa, don’t bother checking the union’s website. Information about the search for the man some consider hero, others villain, is not there. Perhaps for good reason. The Teamsters are...

Those in Washington and elsewhere have little interest in drawing attention to the municipal disaster that is the City of Detroit, Michigan. While nobody likes dealing with disasters, there is no other single appropriate word to describe this once proud burgeoning metropolis. As recently...

Nitin Nohria, dean of Harvard Business School, appeared on CNBC's Squawk Box Tuesday Morning where he discussed what the United States needs to assure economic competitiveness on a global scale. Nohria went through the first process of moving out of the recession and pushing into a sustained...

Good Morning Traders,   As of this writing 6:05 AM EST, here’s what we see:   US Dollar –Down at 80.860, the Sept US Dollar is down 108 ticks and is trading at 80.860.              Energies – August Oil is down at 97.81.  ...

Usually, a case has a winner and a loser—or at least somebody wins enough to be happy and the other loses enough to be upset. In this case, the winner was the U.S. government, but it didn’t win by much. The loser is Actavis (NYSE: ACT) and the rest of the pharma industry but it didn’t lose by...

By George Leong All of you know how I feel about the Japanese stock market and the economy in general. Yes, I was wrong in the past when I suggested traders and investors stay away from the Japanese stock market. The benchmark Nikkei 225 has been the top performer this year; in fact, at one...