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Stocks fell sharply as a layer of uncertainty was removed with the presidential election complete, but anxiety over the economy returned to the market.
The election is over and now the Wall Street chatter is focusing on who will be the next Treasury Secretary. What do you think?
Barney Frank told us it was coming when he said there are a lot of rich people out there to tax. So higher taxes are coming and I think soon. The Bush tax cuts expire in 2010 but I think the Obama administration will try to move the increase to 2009 and early 2009 at that.
Stocks declined Wednesday as a layer of uncertainty was removed with the presidential election complete, leaving the market to return to worrying about the economy.
More people at the top of the ladder retiring means more promotions for those of us who are on the lower rungs. Forget about redistributing the wealth, higher taxes on high earners should lead to better jobs for young people like us who are waiting for our elders to retire so we can work our way up the corporate food chain.
Senator Barack Obama is now the President-Elect of the USA and one day later, the markets are down over 3%. Is this typical?
President-elect Barack Obama has proposed an ambitious plan to reform U.S. health care and get insurance for at least some of the 46 million Americans who now lack it.
The average stock is down about 2.5 percent midday, with particularly weakness in some commodity and energy names. ArcelorMittal's announcement they would be cutting steel production is weighing on steel, iron ore, and coal companies.
Welcome to a new world and a new world leader. The expectations are high and the challenges are great. Let's start with some of those expectations. From his editorial in USA Today yesterday, here are the new President-Elect's promises:
Do you feel more optimistic about the economy now that Barack Obama has been elected president?
Even before the results of the election were official there was already speculation in the blogosphere about who might become the next Commissioner of the Food and Drug Administration under a President Obama.
U.S. President-elect Barack Obama has pledged to move ahead with the Doha round of world trade talks and to work to strengthen labor and environmental protections in the North American Free Trade Agreement.
U.S. President-elect Barack Obama has no time to waste. Two wars and a deepening financial crisis have raised expectations that he will quickly announce picks for senior government jobs after winning Tuesday's presidential election.
Energy was a major issue in the U.S. presidential campaign after high gasoline prices added to consumer woes this year and candidates pledged to reduce America's dependence on foreign oil. Here is a look at the energy plan of President-elect Barack Obama.
It was back to business for Wall Street Wednesday. Stocks opened lower as the market got the certainty it craved with presidential election over and returned to the regularly scheduled program of worrying about the economy.
Regardless of what they may think of our governmental policies, when foreigners describe “average” Americans, they frequently remark upon our determined positivity. In fact, to the outsider, American rosiness can seem rather naïve, a bit forced and not infrequently annoying.
Barack Obama's election victory comes with an albatross of a prize—an economy beset by a stubborn housing slump and the worst financial crisis in 70 years
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse It is difficult to detect a clear market reaction to the US electoral results. The US dollar is broadly firmer, but after yesterday's big setback, it seems largely technical in nature.
It was back to business for Wall Street Wednesday. U.S. stock index futures pointed to a lower open as investors worried again about the economy after Sen. Barack Obama's victory in presidential elections.
On the day the U.S. welcomed its 44th president, European markets opened lower as the focus returned to the slowing economy. CNBC's experts weigh in on what Democratic candidate Barack Obama's victory means for the markets and the economy going forward.