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.
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.
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.
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.
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.
The ten month takeover battle continues today with Airgas’s rejection of Air Products latest bid.
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?
His decision not to extend tax cuts for the rich adds a populist twist to an election-season economic package designed to entice support from big businesses and their Republican allies. The New York Times reports.
The "Mad Money" host explains his plan to create jobs and reduce the deficit.
Why smaller companies could outpace larger ones over the next 12 months.
With unemployment standing at 9.6%, it has been anything but a joyous Labor Day for workers in the U.S.
Let's hope the SEC finally gets serious about this: the market structure it has created around Reg NMS needs some serious tweaking and was likely a major contributing factor in the May 6 Flash Crash.
SEC Chief Mary Schapiro, speaking at the Economic Club of New York, as expected addressed market structure issues in her speech. While there are no new proposals in the speech, she does hint at the direction the Flash Crash report may be going.
Over the weekend, President Obama unleashed a fusillade of economic proposals meant to not only raise the nation's hopes of economic recovery (just around the corner), but also to raise the flagging poll numbers of the Democratic party.
It’s all midterm-election politics, but Obama’s last-minute idea for 100 percent tax write-offs for corporate investment is, in fact, a good idea.