Politics Barack Obama

  • Barney Frank

    Republicans are eyeing the powerful chairmanship of the House financial services committee held by Barney Frank, the Massachusetts Democrat, as one of the biggest spoils of victory in November’s midterm congressional elections.  The FT reports.

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    The Obama administration's top housing official says several new programs are in the works to help try to revive the housing market.

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    The finding, contained in a new paper by Carmen M. Reinhart, an economist at the University of Maryland, generated considerable debate during an annual policy symposium organized by the Federal Reserve Bank of Kansas City, reports the New York Times,

  • Recession-themed newsprint cuttings

    It increasingly seems as if the policy makers attending like physicians to the American economy are peering into their medical kits and coming up empty, their arsenal of pharmaceuticals largely exhausted, reports the New York Times.

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    At a black-tie dinner in April, a politically influential hedge fund manager named Paul Singer offered a blistering critique of the “terrible path” he said Washington politicians were charting on economic issues.

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    Tens of thousands of people rallied at the steps of the Lincoln Memorial on Saturday, summoned by Glenn Beck, a conservative broadcaster who called for a religious rebirth in America at the site where the Rev. Dr. Martin Luther King Jr. delivered his famous “I Have a Dream” speech 47 years ago to the day.

  • Republican Representative John Boehner

    It’s a bit too early for House Republican leader John Boehner to measure the drapes and pick out new wallpaper. But the Intrade pay-to-play prediction markets are now showing a 76 percent chance of a GOP House takeover in November, along with a 60 percent probability that Republicans will capture at least seven new Senate seats. 

  • You have to be slightly encouraged by the fact that Intel comes out with the kind of warning it did, and the stock rallies; and by the fact that the VIX dropped below its 50-day moving average. Then, Mr. Bernanke, in his own way, said he is willing to do anything if and when the time comes. This sets up the fabled "hope trade."

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    A person close to the HP camp says that Hewlett Packard continues to bid for 3PAR because it believes an acquisition is beneficial to its strategy, and not because it is trying to simply demoralize Dell.

  • Today, Intel was halted twice: once for News Pending due to the company's lowering of its revenue guidance for the third quarter. It is the second halt that has traders scratching their heads...

  • Even if the Bush tax cuts for the wealthy—those making over $250,000 a year—are taken away, it doesn’t necessarily mean they’ll be paying more in taxes, according to one tax expert.

  • Hewlett Packard raised it's bid for 3Par to $30.00 a share, or about $2 billion on Friday. This comes after Dell matched HP's previously increased bid earlier this morning.

  • Futures rallied a few points as the second estimate to GDP estimate comae in at 1.6 percent for the second quarter, higher than the 1.4 percent increase expected. This is the second data point a bit better than expected in as many days (following yesterday's initial claims report for the week) and breaks a string of worse-than-expected economic news.

  • Hewlett Packard

    Hewlett Packard raised its bid for 3Par to $27.00 a share, a value of $1.8 billion on Thursday.

  • Trader's lament: oversold, but no bounce in prices...or volumes. We are oversold; big material, industrial and bank stocks have not had a good month. Some big names are down 10 percent this month. Here's the problem...

  • This is a contested situation where you want to maintain being the superior bid. Dell is clearly saying that 3PAR is a strategic asset for the company because of its cloud-based storage.

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    Members of the Federal Reserve, led by chairman Ben Bernanke, are meeting at their annual symposium in Jackson Hole, Wyo. All eyes and ears will be on Bernanke's remarks to the group on Friday, which will be his first public comments since the Fed announced it will use  proceeds from  mortgage bonds to buy Treasury securities.

  • Guidance for FY 2011 is for operating profit growth better than 2 percent. But with North America still contributing about 40 percent of the profits, even that lackluster guidance may not be a slam dunk.

  • The present administration is waging an “undeclared oblivious war against equities,” Cramer said Wednesday.

  • Joe Terranova of Virtus Investment Partners is making a pitch for Occidental Petroleum. Does his trade speak to you?