Articles About CNBC

Actor Michael Douglas is playing a new and rather surprising role as spokesman for the FBI to fight corruption on Wall Street.  The actor – famous for his line “greed is good” in the 1987 film “Wall Street” – is sending a new message in a public service announcement, explaining that insider trading is a […]

Standard & Poor’s may have downgraded the United States credit rating from AAA to AA+ and the bears may have taken over Wall Street, but the Berkshire Hathaway chairman and billionaire Warren Buffett believes that the nation deserves a AAAA rating. In a recent appearance on CNBC, Buffett said that he still believes that the […]

Facebook is likely to file for an initial public offering (IPO) as early as October or November that could value the popular social networking site at more than a whopping $100 billion.   Goldman Sachs is the top candidate to manage the lucrative offering, which could come in the 1st quarter of 2012.  Facebook, whose chief […]

Warren Buffett’s loyal followers are wondering what got into the Oracle of Omaha when he told CNBC  that this is “a great time to be in banking”, praised Wells Fargo’s massive earning power, and said that the government doesn’t need to provide capital to or nationalize banks. Although some critics dismissed Buffett’s statements as biased because […]