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The Obama administration’s economic recovery plan and proposed budget has lots of things for small and closely-held businesses – almost all of them bad, writes author Wayne Rivers.
Yesterday, we had some questionable reporting on US Treasury Secretary Geithner's comments on the US dollar.
The Obama administration has unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
The desire of many banks to give back TARP money—and the lack of a process to do so—is again a topic of converstation on trading desks this morning.
Treasury Secretary Tim Geithner will unveil a four part plan to reform financial regulation when he testifies before the House Financial Services Committee Thursday.
A real-life example of the stimulus bill at work, putting people back to work.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
President Obama has spent much of his first 65 days in the White House all but inciting a riot on Main Street by torching its abundant anger at Wall Street.
The pace of economic deterioration has started to slowdown in some areas, said Treasury Secretary Timothy Geithner on Wednesday.
There are a lot of mixed signals in the markets today. Stocks have sold off midday on some disappointing over the 5-year auction, and comments from Moody’s on Wells Fargo.
U.S. Treasury Secretary Timothy Geithner on Wednesday said he will soon outline proposals for new, tougher requirements on major financial firms to protect the financial system and new rules to prevent financial fraud and abuse against consumers and investors.
So traders were again buzzing this morning over word that Ken Lewis, in an interview with the LA Times, said he wanted to repay the $45 billion Bank of America got in TARP money beginning next month.
The complex plan to deal with toxic assets may have answered Wall Street’s questions about shoring up balance sheets but it's raising concerns about funding and oversight.
Legislation giving the US new powers to seize troubled financial firms is unlikely to be introduced before Congress’s Easter recess, a source told CNBC.com.
You can't blame the Chinese for being mad. But the latest salvo from the Chinese concerning the dollar is a very weak attempt on their part to hit back.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Once again, a nugget of economic news came in better than expected: February durable goods came in up 3.4 percent, stronger than the decline of 2.5 percent expected. It was the first reading that wasn't negative since September, although January numbers were revised downward.
Futures advanced Wednesday after an unexpected rise in durable-goods orders snapped a six-month slide.
President Obama will talk about the economic stimulus plan in tonight's primetime news conference, but the very networks he's using to reach the American public are getting the opposite of a stimulus.
Today's action is perhaps not surprising. It was encouraging for most of the day because even though stocks were weak at the outset, there was no concerted selling effort, despite yesterday's huge rally.