Kate Kelly, NBR, CNBC.com’s Posts

One of Trump’s priorities is to expand the Navy. That likely means more jobs for shipbuilders after years of stagnation.

As energy prices have been hammered in recent weeks, some of Wall Street’s biggest players are nonetheless ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project for Cheniere Energy, according to documents and people familiar with the matter. The commitments could put banks including JPMorgan Chase, Goldman Sachs, and Morgan Stanley …

At a combative Capitol Hill hearing Thursday over its commodity investing and trading, a Goldman Sachs executive said the firm is in talks with a Russian buyer, among others, about selling its embattled metal warehousing business. During the hearing, where a feisty Sen. Carl Levin grilled Goldman‘s higher-ups over allegations they manipulated metal investment rules …

Booming U.S. car sales and a push by private equity investors are creating a renaissance in the market for auto loan-backed securities. Corporations like Apple, Google and 3M as well as institutional and insurance-industry investors have been looking for the promise of steady yields in exchange for limited risk. But a panoply of investigations into lending practices for so-called subprime, …

Soros Fund Management, the large family office that manages assets for billionaire George Soros, raised its protection against a U.S. stock market drop dramatically, sparking concerns that the powerful investment firm is expecting a big fall in equities. During the course of the second quarter, which ended June 30, Soros Fund Management’s position in puts—the right …

Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement with the Justice Department, according to someone familiar with the matter, and the final details of the deal are expected to be ironed out in the coming days. If things proceed apace, this person added, a final deal with some …

In what may be a good indication of the nascent economic recovery, this year’s Fourth of July barbecue is shaping up to be the most expensive ever. Days before America’s favorite grilling holiday, the price of retail ground beef has sailed to an all-time high of nearly $4 per pound, according to the Bureau of …

Just months after JPMorgan Chase paid $13 billion to settle charges that it misled investors about the quality of certain securities tied to home loans, rival Bank of America is discussing a similar deal with the Department of Justice that could cost it $10 billion or more, according to two people familiar with the matter. Bank of America, one …

In an 892-page explanation of the so-called Volcker Rule, U.S. government regulators propose cracking down on a variety of bank hedging activities, including positions meant to offset a bank’s overall risk. They also proposed more detailed trading reports as well as CEO certification that large banks have complied with the rule’s parameters.  The revamped Volcker …

In its first public acknowledgement of plans to stop managing public investments, SAC Capital has told staff it would convert to a family office, managing only the capital belonging to founder Steve Cohen, his relatives and certain employees. “While today’s agreement means we will not manage outside capital for the foreseeable future, we will continue to …

A deal has been reached to settle the landmark insider-trading case against SAC Capital Advisors, people familiar with the matter said. Steven A. Cohen’s embattled hedge fund will plead guilty in federal court and pay more than $1 billion to settle charges stemming from an expansive insider trading investigation that lasted more than five years, …

JPMorgan spent nearly a billion dollars settling charges related to the “London Whale” debacle, but that doesn’t mean it’s out of the woods yet.