Politics Barack Obama

  • U.S. stock index futures pointed to a slightly higher open Friday after a rise in crude oil prices and as investors consider Deutsche Bank's step to raise capital.

  • President Barack Obama

    At Friday's press conference from the White House, the president is expected to fault Republicans for failing to help him on improving the economy or support his call for new tax cuts for businesses.

  • AUSTAN GOOLSBEE, Economic Recovery Advisory Board Chief Economist

    President Barack Obama has chosen Austan oolsbee to succeed Christina Romer as chairman of the White House Council of Economic Advisers, U.S. administration officials said. The New York Times reports.

  • The US economy will slow in the second half but return to more normal growth in the first half of 2011, James Bullard, president of the St. Louis Federal Reserve, told CNBC Thursday.

  • Deutsche Bank and other European banks dropped on a Bloomberg story that DB was considering floating additional equity. No comment from DB, according to CNBC's London Bureau. The market's reaction is surprising, given what we already know.

  • Stop blaming summer: volume really IS light. The S&P 500 is at a one-month high and is only a few points from breaking above its 200-day moving average. So why does it still feel quiet?

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    With Democrats in danger of losing control of Congress, some prominent lobbying shops, trade groups and contractors are already moving to bring more Republicans on board to bolster their political fortunes. The NYT reports.

  • Why some think expectations of a changing political landscape could be driving prices.

  • Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference at the US Capitol in Washington, DC.

    The Commerce Department reported the deficit on international trade in goods and services fell to $42.8 billion. That is less than the $49.8 billion registered in June, as a slowing U.S. economy dampened import demand and civilian aircraft shipments jumped. The latter is not likely to be repeated.

  • S&P 500 futures popped about 5 points as both Initial and Continuing Jobless Claims were better than expected.

  • Simulated oil splatter on a BP gas station sign in Manhattan, New York.

    BP’s internal inquiry into the causes of the disastrous Gulf of Mexico oil spill provoked an immediate backlash from contractors and  U.S. politicians who said the British group was “happy to slice up blame, as long as it gets the smallest piece”. The FT reports.

  • Job seekers wait in line to have their résumés reviewed at the second annual Anaheim/Orange County Job Fair.

    It will take a while to see jobs come back in force after what he described as a “savage” recession, Treasury Tim Geithner told CNBC Wednesday.

  • Barack Obama

    Treasury Secretary Timothy Geithner spoke to Maria Bartiromo in a First on CNBC interview and told Bartiromo that the President's proposals “can make powerful impact.”

  • Yesterday, it was nearly $16 billion in investment grade debt floated from companies like Dell and Home Depot. Today, more names join the parade.

  • The UBS analyst who downgraded Intel explains his action and what the stock needs to turnaround.

  • President Barack Obama

    The Obama administration's proposal to allow companies to immediately write off 100 percent of new capital investment expenses through 2011 may not be as effective at jump-starting the economy as hoped.

  • Barack Obama could have secured a bipartisan deal this week to extend the Bush tax cuts for everyone, and he could have gotten some business tax breaks thrown in as well. As I wrote last week, such a deal would have been tremendously positive – it would have provided a sense of predictability for the stock market and business executives.

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    The ten month takeover battle continues today with Airgas’s rejection of Air Products latest bid.

  • President Barack Obama

    President Barack Obama is voicing unwavering opposition to extending Bush-era tax breaks for the nation's wealthiest families even for a year or two, drawing a sharp contrast with Republicans eight weeks before the November elections.

  • Portugal successfully floated debt in two auctions, but at a very high yield. In one auction, $839 million of notes due in 2013 were sold at a yield of 4.086 percent; the previous auction of the same maturity was sold at a yield of 3.597 percent. At these yields, why not issue debt?