The big banks seem to be taking a legal stand, and trust me, they have plenty of high-priced lawyers telling them what they can and can't stand on.
The Obama stimulus bill cut taxes for 95 percent of working families, but few voters noticed, a troubling sign for Democrats, reports The New York Times.
Big declines in Apple and IBM shares could sour stocks Tuesday, as traders watch for earnings from Bank of America and other big names, like Goldman Sachs, Coca-Cola and Johnson and Johnson.
IBM, which closed at an historic high, is down about 4 percent after the close. The issues: 2010 guidance of "at least" $11.40 is only slightly better than previous guidance of "at least" $11.25; bookings also light at $11 billion vs. street expectations of $12.5 billion.
Even as the Washington conventional wisdom suggests Democrats are on the verge of losing their majority in the House, they still have more cash on hand than the Republicans in 27 of the 37 most hotly contested races.
Stocks open slightly up despite a disappointing September industrial production report. Last month’s decline was the first decline in 15 months. The poor data sent the dollar to its lows of the sessions.
The balance of power in both houses of Congress are at stake in November's midterm elections. As we countdown to November 2nd, we want to know what issue matters most to the investing public.
Report: Builder sentiment improving but a long way from healthy. The NAHB Housing Market Index rose from 13 to 16, above expectations of 13, the first rise in housing activity in months.
Overnight, the US dollar has had a rally on what I'd call the "We-can-print-money-too!" theory of central bank easing.
The fact that Mr. Geithner takes time from his busy schedule to defend a program that has expired, speaks volumes about the damage TARP is inflicting on politicians associated with it.
Senior White House officials have cranked up their attacks on corporate spending in the midterm congressional elections, after fresh data showed Republicans gaining traction in the race to secure campaign funds, reports the Financial Times.
The public panned it. Republicans obstructed it. Many Democrats fled from it. Even so, the session of Congress now drawing to a close was the most productive in nearly half a century.
The Federal Reserve chairman, Ben S. Bernanke outlined the risks the central bank is prepared to take by pumping more money into the flagging recovery - but analysts still want more details.
Every good movie is filled with drama and plot twists, not unlike the economy right now. And every good movie must have a great soundtrack. So, if you had to create a soundtrack for the economy right now, which song would lead the way? Share your opinion.
Is volume picking up again? Traders are hoping so. For the second straight day yesterday, NYSE consolidated tape volume exceeded 5 billion shares. Wednesday saw 5.4 billion shares changing hands, while 5.5 billion shares were traded yesterday—the most since July 16. That’s about a 37% increase from the 4 billion shares the NYSE has averaged over the past several weeks.
Banks stocks are getting crushed again today as investors wake up to a fear we first told you about yesterday: That significant liabilities are possible for the big banks who securitized mortgages due to misrepresentations about the standards attested to for the mortgages in the pool.
Currencies still remain the topic of discussion this morning with the Dollar Index is down for the fourth straight day. It fell to its lowest levels since January vs. the Euro, fell to parity vs. the Australian Dollar, and dropped below 81 Yen—extending its 15-year lows.
Enough Tea Party-supported candidates are running strongly in Congressional races that the movement stands a good chance of establishing a sizeable caucus. The NYT reports.
Fed Chairman Ben Bernanke's speech in Boston on Friday is by far his most anticipated commentary since, well, August.
As if the problems in foreclosures weren't enough, another potential problem for the nation's big banks is raising its head today and is the key reason that shares of banks such as Bank of America are down sharply and credit default swap for some banks are widening.