The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion — that’s right, $1.9 trillion — increase in the federal government’s debt limit. Let me tell you why this bothers me.
It's been two days now since President Obama's State of the Union address, and his words still resonate in my ears: "Blah-blah, blah, bla-bla-blahhhh." An awful lot of it sounded like the same, old same-old from President Obama, just topsy-turvy.
President Obama would have to battle liberals, persuade China to boost its currency 40%, get the world economy to grow much faster and cut taxes for US exporters, the NY Times reports.
The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion—that's right—a $1.9 trillion increase in the federal government’s debt limit. Let me tell you why this bothers me.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Bank of America and other Wall Street banking giants do not need to be broken up to protect the global economy from another financial crisis, Brian Moynihan, CEO of Bank of America, told CNBC Friday.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum. Techs were among the biggest decliners, led by Apple and Qualcomm.
I have to say I was a little surprised (read: disappointed) to hear so very little about housing in President Obama's State of the Union speech last night. Yes, he mentioned folks were losing their homes, in the long list of ills plaguing the American people.
Stocks tumbled Thursday as the dollar's gains and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
President Barack Obama's plans to regulate the banking needs to be coordinated on a global level, said Josef Ackermann, CEO of Deutsche Bank.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.
Earnings good this morning, so why are stocks down? Once again, events on the other side of the pond are capturing trader attention.
Stocks were mostly lower Thursday as worries about a tighter grip from Washington and some disappointing economic numbers offset the positive earnings momentum this morning. Techs were among the morning's biggest decliners, led by Apple and Qualcomm.
What did you think about President Barack Obama's State of the Union address? Let us know.
Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
Ben Bernanke is the buzz on everyone's lips and has the support of some big names here in the Alps. Here's what one said.
S&P futures were up about 3 points on: 1) President Obama's call for tax cuts and tax credits for small businesses, a focus on jobs and his statement that he is "not interested in punishing banks," 2) Ben Bernanke's likely survival of a procedural vote in the Senate, and 3) earnings beats from Ford, P&G, Motorola, Nokia, Lockheed Martin and Colgate.
In a long, at times flat, at times inspiring speech, the President stuck to his guns and most decidedly did not take a turn to the center.
Attendees had a good excuse for looking bleary-eyed in the morning--watching Obama's State of the Union address. And they certainly got the message