New York is missing out on a big opportunity by battling Airbnb. That was the message from the rental site's co-founder and chief technology officer Nathan Blecharczyk at the Milken Institute's Global Conference in Los Angeles.
"We're not against regulation," Blecharczyk said in an interview with CNNMoney. "But the approach has been let's reinforce the status quo."
Airbnb has been facing-off with New York Attorney General Eric Schneiderman, who is pressing the real MOREJesse Solomon - Apr 30, 2014 10:27 AM ET
Individual investors are jumping back into the market at a record pace, according to Fred Tomczyk, CEO of online brokerage firm TD Ameritrade.
"People are generally more bullish on the U.S. economy," Tomczyk told CNNMoney at the Milken Institute Global Conference in Los Angeles Tuesday.
Tomczyk said that trading volume on TD Ameritrade (AMTD) hit all-time highs in the first quarter of 2014, a trend that's been echoed in earnings reports by TD MOREJesse Solomon - Apr 29, 2014 4:56 PM ET
California teachers are still owners of the gun maker used in the Sandy Hook massacre, and the man who invests their money isn't pleased about it.
"It's absolutely frustrating," said Christopher Ailman, chief investment officer for the California State Teachers' Retirement System (CalSTRS), when speaking to CNNMoney on the sidelines of the Milken Institute's Global Conference in Los Angeles Monday. "I continue to be disappointed every month it goes on."
Related: Cerberus still hasn't sold Freedom MOREJesse Solomon - Apr 29, 2014 7:55 AM ET
The financial regulation that bears his name isn't perfect, but former Senator Chris Dodd (D-Conn.) has no regrets.
"There's nothing biblical about this legislation," Dodd said Monday, referring to the Dodd-Frank Act while speaking at the Milken Institute's Global Conference in Beverly Hills, California. "We had one window in 2008 to redesign the architecture of the financial services system."
Related: Regulators slow to implement Dodd-Frank regulations
Dodd, who now serves as Hollywood's top lobbyist as CEO MOREJesse Solomon - Apr 28, 2014 6:04 PM ET
Apple's buyback and stock split announcement was a big deal to Wall Street players.
But what about the little guy?
"The stock price is extreme," said Stuart MacGillivray, a computer science PhD candidate, of the planned 7 for 1 stock split. He's owned Apple stock since the early 1990s when he got it as a gift from his grandmother, so this isn't his first time at the stock split rodeo.
"I can see why they did it," MOREJesse Solomon - Apr 24, 2014 5:01 PM ET
Coffee prices have doubled since late last year, and drinkers of the black stuff may soon start to notice.
The culprit: a severe drought in Brazil, the origin of roughly a third of the world's coffee.
The dry spell has wreaked havoc on this year's harvest of Arabica beans, which are used for the vast majority of global coffee production.
"They had a big time drought in January and February, got some showers in MOREJesse Solomon - Apr 24, 2014 9:11 AM ET
The winter blues didn't get Delta Airlines down.
Shares of the airline (DAL) soared to a record high Wednesday after the company reported a 5% increase in passenger revenue in the first quarter despite a $90 million loss related to weather cancellations.
The unusually severe winter weather was expected to cause more headaches for Delta, like it did for legions of passengers. The company said it cancelled more than 17,000 flights in January and February MOREJesse Solomon - Apr 23, 2014 12:22 PM ET
America's most iconic motorcycle brand is revving its engines -- and profits.
Harley-Davidson (HOG) shareholders are loving it.
Shares spiked 7% Tuesday after the Milwaukee, Wisconsin-based hog maker reported a 19% jump in first quarter profit.
The growth was driven by what Harley-Davidson does best...selling big, powerful motorbikes.
"They're producing some of the best motorcycles they've ever produced," said Gerrick Johnson, an analyst with BMO Capital Markets in New York. "The brand is resonating."
Johnson said the company has MOREJesse Solomon - Apr 22, 2014 2:07 PM ET
Spring break means different things to different people.
For kids, it's the Easter Bunny. For college students, a Mexican booze cruise.
But for many overworked Wall Streeters, it may just be a good book.
"I'm sitting here reading about finance 12 hours a day, so that's the last thing I want to pick up when I go home," said David Lutz, head of exchange traded fund trading at Stifel Nicolaus in Baltimore, Maryland.
About three years ago, Lutz was MOREJesse Solomon - Apr 18, 2014 7:00 AM ET
The scene at the Economic Club of New York meeting today had the feel of a rock concert, but instead of T-shirts and sneakers, it was blue pin-stripes and brown wing-tips.
The mood in the lobby outside the room at the Marriott Marquis where Janet Yellen would speak seemed downright giddy.
Blackstone Chairman & CEO Steve Schwarzman was smiling and shaking hands with old friends.
The grin on Former SEC Chief William Donaldson's MOREJesse Solomon - Apr 16, 2014 2:07 PM ET
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