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...
Don't miss topline! That seems to be the message this earnings season. Our parent company, General Electric, Bank of America, and Gannett all reported topline a bit light, all trading down today. Look at Gannett...
President Barack Obama reveals to NBC News what Warren Buffett told him about the economy when the two men sat down at the White House earlier this week.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.
The 2,330 leviathan is done and will be signed by President Obama next week. The bill leaves tremendous much of the rule making up to the big three: Federal Reserve, CFTC and SEC.
Bank earnings reports are more complicated than any other sector report, simply because there are more places money can be moved, lost or taxed. Look at Bank of America, which reported earnings of $0.27, above expectations of $0.22. Here's why traders and analysts are unhappy with the report...
These problems needed to be solved before investors could trust a move higher, Cramer said.
The simultaneous movement of BP and Goldman Sachs brought the Dow into positive territory during the day. A 4:45pm ET press conference from the SEC's Division of Enforcement on a major announcement has moved GS from $140 to $146. Then there's the announcement that BP has started the Well Integrity Test at 3:25pm ET...
With a bad-blood, confidence-destroying battle royale going on between Team Obama and business, you would think a highly publicized White House jobs summit would have produced some kind of positive announcement that gives a nod to the business point of view.
Big bank stocks: Unless we get shocking news in the next day or so, it's already clear what's going on. The good news: 1) credit is better; 2) there's higher capital, higher reserves. Now the bad news...
It is the season for economic forecasts, and I have been polled by several published surveys. Like other forecasters, I see growth too weak to create enough jobs to pull down unemployment-private sector jobs could even stagnate. The risk of a double dip is at 50 percent. If that happens, the economy likely will stay down for many years.
From now until Nov. 2, everything coming from Washington will be aimed at the crucial House and Senate elections, which have the potential to be a tsunami, like the one in 1994 that swept Newt Gingrich to power in the House.
Council of Economic Advisors Chair Christina Romer reported that the “stimulus” had “created or saved 3 million jobs since its inception (and only half the money has been spent to date! Guess it is a delayed stimulus).
With the final financial regulation vote just hours away, Sen. Bob Corker, (R-Tennessee), told CNBC Thursday that President Obama lacked the leadership skills needed to create jobs and to drive the country out of the recession.
Carlyle approached NBTY with an offer in early May, according to people familiar with the deal. NBTY moved to a limited auction, quickly after Carlyle jumped the process with a $55 a share offer. NBTY accepted, and has a 35 day go-shop.
S&P 500 futures dropped about 5 points as the NY Fed Empire Manufacturing Index came in below expectations, PPI showed greater deflationary pressure than expected, and while initial jobless claims were lower than expectations, continuing claims were higher than expected. JPMorgan reported earnings of $1.09, solidly above consensus of $0.70.
Facing fresh criticism of his handling of the economy, President Barack Obama travels to Michigan on Thursday to promote investments in the electric vehicle battery industry, a sector the administration sees as a bright spot in the sagging recovery.
Governments stopped the world from falling into double-dip recession and authorities around the world did not make the same mistake as where made in the 20s and 30s, Mark Mobius, the executive chairman of Templeton Asset Management said Thursday.
Intel trading action today: how disappointing? Intel, which was trading up 7 percent pre-open, opened at $22.06 and moved in a slow, straight line downward to close at $21.36 (up 1.6 percent) on huge volume—nearly 200 million shares, almost three times normal volume.
JPMorgan Chase CEO Jamie Dimon talks to the New York Times about Wall Street in the post-crisis era, his relationship with President Obama, and his reputation as a financial superstar.