Art Cashin: Markets Are Staggering

“The market’s staggering a bit here,” said Cashin. “We may be at risk at seeing kind of a multiple correction, correction, in which it will frustrate people by them buying into the correction of the rally which then proceeds to correct again and again. We’re at a very touchy area here for the markets.”

Palm Loss Narrower Than Expected

SAN FRANCISCO (Reuters) – Smartphone maker Palm Inc (PALM.O) posted a narrower-than-expected quarterly loss on Thursday, sending its shares up more than 14 percent.

Palm reports an EPS loss, with CNBC’s Jim Goldman.

Bernanke Testimony Review

Robert Heller, a former Federal Reserve governor, and Ron Geffner, a former SEC enforcement attorney, discuss Fed Chairman Bernanke’s testimony on Capitol Hill .

El-Erian on the Markets

Mohamed El-Erian, CEO and co-CIO at Pimco, shares his market insight.

Nike Earnings Slip 30%

Eric Tracy, analyst at BB&T Capital Markets, shares his analysis of Nike’s latest quarterly results.

U.S. jobless claims rose 15,000

WASHINGTON (Reuters) – The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.
Initial claims for state unemployment insurance increased by 15,000 to a greater-than-expected seasonally adjusted 627,000 from [...]

Warren Buffett: 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,” he told Becky Quick.

READ THE FULL CNBC INTERVIEW TRANSCRIPT

Economic Analysis: Durable Goods Data

June 24 (Bloomberg) — Orders for American-made durable goods unexpectedly jumped in May, adding to signs that the economic slump is easing.