The Obama administration has proposed a Consumer Financial Protection Agency (CFPA) that would regulate the fees, penalties, and interest rates for consumer products such as credit cards and mortgages. The administration believes this new agency could enforce disclosure, but do American consumers really need a new layer of regulation?
Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC.
Futures were at the highs of the morning as traders await the heavy number of earnings reports and economic data beginning tomorrow and lasting through the end of the week.
The Dow and the S&P 500 begin the new week at their lowest points in two and a half months - with investors wary about earnings season and the economy. Both benchmarks lost ground for the fourth consecutive week last week, and stock index futures are pointing to more of the same ahead of open.
Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.
The Obama administration is considering different possibilities for assisting small businesses throughout the U.S., reports said.
Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.
President Barack Obama acknowledged the tough going for his health care overhaul in Congress but rejected the notion the legislation is doomed.
Initial unemployment claims dropped a surprising amount. The four week moving average dropped 10,000 to 606,000. While only one week's number, let's still take an encouraging moment and hope that we might be entering a better phase of the economy.
Lasting worldwide recovery "is still a ways off," President Barack Obama declared Friday, but he also said at the conclusion of a global summit that a disastrous economic collapse apparently has been averted.
Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.
Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.
Here’s a hint: Communists are better free-market players than capitalists these days.
With bad home mortgages on the back burner, the big threat to the economy is now believed to be troubled credit card, commercial real estate and commercial industrial debt.
Earlier this week the big natural gas ETF, the U.S. Natural Gas Fund (UNG), announced that it was suspending the issuance of new shares. Why did this happen?
Plus, Cramer makes the call on cap-and-trade and states his bullish case for the markets and the economy.
With apologies to German Chancellor Angela Merkel, The Boys of Summer (Don Henley) are gathered once again for their annual G8 summer clam bake, so let's crank up the tunes...
Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges. But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money.
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
Investor Wilbur Ross said he has $700 million ready to invest in a mortgage-backed securities offering through the government's Public-Private Investment Program.