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Politics Barack Obama

  • Stocks logged their best day in two weeks Thursday as a strong batch of earnings reports revived optimism about the economic recovery. Regional banks rallied.

  • Senate Committee on Banking Housing and Urban Affairs hearing during which Federal Reserve Board Chairman Ben Bernanke delivers second semi-annual report on monetary policy.

    Ben Bernanke threw a curveball in his midterm report to Congress this week. The Fed view of the economy has been downgraded since it last reported in February. Although the official Fed forecast for 2010-11 is still 3 to 4 percent real growth, Bernanke sounded particularly gloomy when he characterized the economy as “unusually uncertain.”

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    With the economy softening and Democrats terrified to be associated with tax hikes, the ground is shifting in Washington on the most important policy issue of the second half – whether the Bush tax cuts should be extended.

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    Like President Obama and the Democrats, I believe in continuing the Bush and Obama tax cuts on the 98% of Americans who earn under a quarter of a million dollars.

  • Stocks advanced Thursday after another strong batch of earnings reports revived optimism about the economic recovery.  Regional banks rallied.

  • Stocks shot out of the gate Thursday after the latest batch of earnings gave investors some cause for optimism. A better-than-expected housing report also gave the market a boost.

  • I think the most “captivating” part of Federal Reserve Chairman Ben Bernanke was not what he said, but what he omitted. Yes, the unusually uncertain comment captured the essence of why businesses aren’t hiring with European debt crisis, health care, Fin Reg and taxes all creating the miasma.

  • Ben Bernanke, Federal Reserve Chairman

    Ben Bernanke threw a curveball Wednesday in his midterm report to Congress. The Fed view of the economy has been downgraded since its last report in February. This is not totally new news, since the June FOMC minutes reported this downgrade.

  • U.S. stock index futures pointed to a higher open Thursday after a testimony by Federal Reserve Chairman Ben Bernanke spooked investors and pushed the major indexes lower in the previous session.

  • Market drops on Bernanke comments; a failure of expectations. The S&P 500 dropped about 12 points as Mr. Bernanke's written testimony came out. There were several statements in the written testimony that caught traders' attention...

  • Cows waiting to be milked

    The funny, far-reaching business of regulatory reform. "I don't think anybody has read it," says cowboy Brett Crosby of the 2,300-page FinReg bill. "War and peace is only 1,400 pages, for crying out loud, and people don't even read that."

  • CNBC's personal finance expert Suze Orman talks about the financial reform bill and how it will impact your wallet.

  • Howard Atkins, CFO, Wells Fargo

    The financial regulation reform bill Obama signed into law Wednesday will have very little impact on Wells Fargo’s earnings and operations compared to peer banking institutions, according to Howard Atkins, CFO at Wells Fargo.

  • A fairly disappointing open for the markets given the solid 2 percent gains in Europe earlier and a round of excellent earnings reports across a broad array of sectors. Although many companies reported strong earnings this morning, their commentary on the economy was more subdued.

  • A slew of prominent companies are reporting Wednesday and Thursday, but the 'Fast' traders are waiting to hear what these names say.

  • Over the next two days,Federal Reserve Chairman Ben Bernanke will present his semiannual review of monetary policy to Congress. All of these are central for understanding the central problem of the US economy: lack of job creation.

  • Apple lays the doubts to rest. Earnings of $3.51 is not just above consensus of $3.11, but above even the HIGHEST analyst estimate of $3.47. Big question: how many marginal customers were lost from the iPhone antennaegate imbroglio? Here's the answer...

  • The Dow is down less than 100 points — not bad, given the number of top line misses and poor housing starts data Tuesday morning. Remember, with the largest weighting in the Dow, IBM alone is contributing almost half of the blue chips losses (over 40 Dow points).

  • Foreclosure

    The number of borrowers dropping out of a government program to help struggling homeowners rework their mortgage grew in June at almost twice the pace of those getting a permanent modification, the Treasury Department said on Tuesday.

  • Whirlpool reports great numbers, and raises full year guidance: so why is the stock down 5 percent?