President Barack Obama and his wife, Michelle, made $5.5 million last year, largely on sales of his books, and paid nearly $1.8 million in federal income tax, according to the tax return they released Thursday.
With growing belief that the economy is headed in the right direction, private equity firms will are gearing up for more M&A deals in the near future.
Earnings season starts off well, strong buying trend continues. The wave of money continues to wash over the stock market. Bank of America and our parent company General Electric will be reporting tomorrow. Both are again trading on the upside, both at new highs, a day after JPMorgan reported stellar earnings. Here are the facts on banks so far...
David Faber's exclusive interview with Doug Braunstein, JPMorgan's Head of Investment Banking on when we should expect to see more M&A deals.
The White House and Democratic Congressional leaders said Wednesday that they would press forward with legislation to tighten regulation of the nation’s financial system. Rebuffing Republican criticism, the Democrats effectively dared the minority party to side with Wall Street by opposing the measure.
Stock futures slipped a bit as continuing claims, at 484,000, was worse than the 458,000 expected. This is disappointing, but there is only one reality right now: the wall of money coming into stocks. And it is a force very difficult to fight against. We get additional economic indicators today...Capacity Utilization, Industrial Production, Philly Fed.
I’m a regular reader of David Leonhardt, the New York Times’ Economic Scene columnist. He frequently combats a lot of ignorance about economics generally, and the impact of economic policy, specifically. So I was anxious to read his column this week -- Yes, 47% of Households Owe No Taxes. Look Closer.
Tea Party supporters are wealthier and more well-educated than the general public, and are no more or less afraid of falling into a lower socioeconomic class, according to the latest New York Times/CBS News poll.
After the close, three large transportation companies — UPS, trucking/logistics company Landstar and JB Hunt — all confirmed what railroad CSX had been saying: the shipping business is improving.
Sitting at the highs of the day with less than an hour to go in the day. Look at the market internals: 1) Greatest number of new highs on the NYSE since 2003 (!!) 2) 3-1 advancing/declining stocks 3) Dow Industrials and Dow Transports again hit new highs simultaneously. But wait—there's more...
When it comes to earmarks—lawmakers spending on their pet projects—Congress has gone on a diet. Earmarks have declined 10.2 percent in the 2009 fiscal year.
This is one of those days when the news flow all comes together to show clear signs of recovery on all fronts: earnings; U.S. and international economic news; and even good signs among smaller companies.
Got any ideas for how to remake the U.S. mortgage market? The Obama administration wants to hear them.
Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.
JPMorgan moves S&P futures up 3 points, then got an additional modest boost as March Retail Sales came in better than expected. Just a few days into earnings season, it's 3-1 in favor of the bulls: that's three positive reports from Intel, CSX and JPMorgan, and a disappointment from Alcoa. Also: Goodbye, fertilizer profit?
After the close, a couple of companies gave signals that the sluggish U.S. economy is slowly recovering.
What's up with Real Estate Investment Trusts (REITs)? The MSCI Reit Index is up another 2.7 percent to another new high, far outperforming other sectors.
On the eve of earnings season, the Street is focusing on two sectors. Transports and big banks are two of the biggest gainers year to date, up 10 percent and 30 percent, respectively.
In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.
Holy cow, volume is picking up, Bob! Something's happening! Calm down. It's true, today's consolidated volume on the NYSE is now over 3 billion shares, stronger than it has been recently.