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Scripts: A: The Fed has got to cut rates , theres no question. B: How much? A: Er.. I think what we need to see is er, a process of cutting rates, so its less about how much today and about the, the holding up the hope of more rate cuts to come, wha
Scripts: The housing market is already troubled and the next tsunami might be right around the corner. Resets on ARM, adjustable rate mortgages could set off a new wave of foreclosures. CNNs personal finance editor Gerri Willis joins us now to offer
Script: A big night, for CNBC, too, at nine PM Eastern Time, a new documentary called Big Mac inside the McDonalds empire is gonna make its long anticipated debut. If you remember when Carl was out for a while, we said on assignment, on assignment,
Scripts: Investors in Shanghai and Hongkong are focusing on the shares of two of China's biggest banks: the Industrial and Commercial Bank of China--ICBC and the Bank of China, both posted surging profits on Thursday for the first half of the year.
Script: The son of a Mexico City shopkeeper has become the world's richest man. According to Fortune Magazine, Mexican tycoon Carlos Slim is now worth abillion dollars more than Microsoft's Bill Gates. Slim owns Latin America's largest cellphone com
Tomorrow Steve Jobs is said to address Macworld. Now that's the weeklong conference that Apple fans look forward to all year long. And it's a chance to get a sneak peek at Apple's latest gadgets. But this year's convention comes just weeks after news
What started as a small business in a dorm room is now a word in the English language. And Google has no plans to slow down. In October, the company paid $1.65 billon to acquire YouTube. In December, Google agreed to a partnership with NASA to bring
Want to get some fireworks in your portfolio? Money magazine is your pyrotechnic coach. Your asset allocation will have the biggest influence on your returns and your success in achieving your investment goals. Its influence is much greater than the
This week CNN's very own parent company, Time Warner, laid off more than 250 employees in its print division. The cuts are a part of a growing trend throughout the print media business. So are we really headed toward a day when newspapers go the way
script: Well this does seem like it was too long ago that the Dow Industrials crossed the 13,000 mark for the first time. Well today, the Dow flirted with 14,000. Stephanie Elam joins us from New York to tell us just how close we came. Hey there, St
This was the company that merged with Daimler about 9 years ago hasn't been awfully successful. The company paid more than 30 billion dollars back, then, this deal was for 7. 4 billion dollars for 80% of the company. In effect, Chrysler is coming ho
If you want one example why the dollar is so weak, look no further than housing. Home prices in Britain continue to soar despite many predictions that market would cool, so house price inflation is one big reason. The Bank of England is expected to
We have more tonight on the subject of spending. But this has to do with the American household budget. Tonight, in the State of California alone, gasoline is now at an all-time record-high price per gallon, and food prices are rising sharply these
Microsoft is reportedly looking to ride the wave of MA, negotiating perhaps a buyout deal with Yahoo, will this pairing be enough to knock Google off its perch? Let's ask Walter Pritchard, he's managing director of Equity Research with Cowen Co. and
Scripts: What do we think Ben Bernanke is going to say today and how closely will the market be listening? First of all, the market is going to listen very carefully, and secondly, we have to compare what Bernanke is going to say when compared to th
Well that long-awaited Vista operating system will be available to consumers starting at midnight tonight. CompUSA, Best Buy and Circuit City are among the stores that will have extended hours tonight so that you can be the first on your block to ins
There were plenty of fancy new music playing phones on view at the big mobile phone trade fair in Barcelona. But not the one everyone is talking about. Apple didn't bother to show up to show off its iPhone. But London-based Omniphone did come and lau
They are the markets every investor wants to find before they take off and after a 130% rise in China's locally traded market last year. Millions of Chinese have poured their money into stocks. But that's making problems for a nervous government. Tyl
Airbus will cut 10,000 jobs, half from its own 56,000-member workforce and half from subcontractors. 1,600 of the jobs will go here in the UK, but the bulk of the cuts happen in Germany and France. Couldn't believe the news, I couldn't believe the ne
I think that's an inevitable process which is going to continue so long as the Asian economies in particular continue to grow up rapidly. The biggest marginal contributer to rise in oil demand, that of course in the past 5 years has been China. I th