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...
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.
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).
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?
Beyond earnings, a surprising rise in June building permits offset another dismal housing starts number. June housing starts fell a more-than-expected 5 percent to its lowest level since October 2009. Making matters worse, May’s already poor reading was revised downwards...
Now is not the time to cut off unemployment benefits in this country. Admittedly, extending the benefits will add to the Federal budget deficit, but not doing so will add to mortgage delinquencies and homelessness and will only serve to impede the still fragile recovery currently under way.
Eighteen months in office, President Obama should be evaluated on what he accomplished. On the President’s watch, unemployment has jumped from 7.7 to 9.5 percent, the jobless count has increased 2.7 million, and 3.4 million more Americans have quit looking for work altogether.
"President Obama has failed his promises, he has failed his responsibilities, he has jeopardized our future! It's time we start counting down this disastrous presidency," says one man with an eye on the elections and another eye on opportunity.
With President Obama’s press statement today, bludgeoning Republicans to extending jobless benefits for up to 99 weeks without budget offsets, we’re seeing a familiar game play out in recession politics: political football with the unemployed.
It seems that some days all news is good news to the stock market and the next day all news is bad news. And other times it seems as though the stock market extrapolates one single economic indicator as though it alone matters.
The weak Michigan Sentiment number seems to have been the final straw: remember the S&P 500 was up over 5 percent this month going into earnings on Monday, but the last three days have been flat. Not today, though...