Politics Barack Obama

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  • Prospects for banks have improved significantly and one analyst is says now is a good time to buy into selected financials

  • Treasury Secretary Nominee Lawrence Summers

    Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.

  • Plus, Cramer explains the unusual trading taking place in tech and apparel and grades President Obama's economy work.

  • Two issues will matter in the next two weeks: the bank stress tests, and earnings. The stress test: a primer.

  • Ben Bernanke just gave a speech where he made it clear that he will use all tools available to him to stabilize markets and to promote the extension of credit.

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    The Democratic-controlled Congress Thursday approved budget blueprints embracing President Barack Obama's agenda but leaving many hard choices until later and a government deeply in the red.

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    From the "Obama effect" to a rebound in consumer confidence, Research in Motion is tapping into several trends besides the technology inherent in its products in order to drive its stronger-than-expected earnings performance.

  • left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Thirty years after release of the album, London called again – this time by gathering leaders of the Group of 20 economies. But no one feared the same inflated expectations Clash fans might have had in advance of "London Calling."

  • Vince Farrell

    It's been a long time since we had our President speak and the market rally, but we saw it on Thursday when President Obama had a news conference at the G-20 meeting and the market went up 50 or so points on the Dow Jones average.

  • Luckily for investors, the news isn’t yet priced into stocks. That means it is time to buy.

  • There is generally good news today. The soft news is that President Obama has acquitted himself well in his first real foray onto the international stage, including a press conference where he simply charmed reporters.

  • Calling it "general theft," Sen. John McCain blasted the Obama administration's budget proposal on CNBC Thursday.

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    Leaders from around the globe made headway Thursday on tackling the world's worst financial crisis since the 1930s, with signs of agreements to give more money to the International Monetary Fund, clamp down on tax havens and tighten regulation over freewheeling hedge funds.

  • G20

    The word in London was to not look like a banker but to wear blue jeans so as to be able to get to and from work without incident during the G20 meeting. Probably good advice, but of no help to our President, who had to dress up and face the hostile world as leader, not candidate, for the first time.

  • Andrew Busch

    The draft G20 statement apparently has everything for everyone and the euphoria in the markets is palpable with equity markets rallying strongly, bond yields are higher, and the US dollar is lower.

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    The Financial Accounting Standards Board has voted to relax the fair-value accounting rules - allowing banks to mark securities to a model rather than to market prices, according to reports.

  • Stocks closed higher as some mildly optimistic economic news helped Wall Street begin the second quarter on a positive note.

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    March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S. automakers.

  • California Suburbs

    Though housing still faces major headwinds, including foreclosures and unemployment, a number of positive forces may finally be enough to form a market bottom.

  • Auto industry legends weigh in on President Obama’s push for the right solution.