Politics Barack Obama

  • Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.

  • Yesterday there were some analyst report circulating that Intel spacer was unlikely to be overly optimistic because the PC food chain was weakening, that recent orders out of Taiwan were weak.

  • We can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company.

  • The back-end loaded stimulus plan passed earlier this year is causing many companies to re-evaluate the impact on their earnings.

  • Sarah Palin

    Outgoing Alaska Gov. Sarah Palin called President Obama's approval of cap-and-trade legislation to counter global warming "an enormous threat to our economy" in a Washington Post op-ed piece Tuesday morning.

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    Stocks limped out of the gate on Tuesday as the first real test of the new earnings season brought mixed results and invetors fretted over inflation concerns. Larger-than-expected gains in producer prices and retail sales for June presented conflicting signals on the economic front. Producer prices rose 1.8 percent on the strength of autos and energy sales, while retail sales were up 0.6 percent primarily, also on the energy-auto movement. Read and listen to what the experts had to say...

  • President Barack Obama

    You can bet on everything these days. As evidence, consider this bet that was called to our attention for tonight’s All-Star Game in St. Louis.

  • Looking for a job? The Obama administration says it can help. In a report called “Preparing the Workers of Today for the Jobs of Tomorrow,’ the administration highlighted the ‘green’ and healthcare sectors as the fastest growing sectors in terms of employment.

  • Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.

  • Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.

  • The Obama administration has proposed a Consumer Financial Protection Agency (CFPA) that would regulate the fees, penalties, and interest rates for consumer products such as credit cards and mortgages. The administration believes this new agency could enforce disclosure, but do American consumers really need a new layer of regulation?

  • Meredith Whitney

    Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC.

  • Futures were at the highs of the morning as traders await the heavy number of earnings reports and economic data beginning tomorrow and lasting through the end of the week.

  • The Dow and the S&P 500 begin the new week at their lowest points in two and a half months - with investors wary about earnings season and the economy. Both benchmarks lost ground for the fourth consecutive week last week, and stock index futures are pointing to more of the same ahead of open.

  • Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • The Obama administration is considering different possibilities for assisting small businesses throughout the U.S., reports said.

  • Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.

  • Sen. Barack Obama, D-Ill., answers a question during the first Democratic presidential primary debate of the 2008 election hosted by South Carolina State University in Orangeburg, S.C., Thursday, April 26, 2007. (AP Photo/J. Scott Applewhite)

    President Barack Obama acknowledged the tough going for his health care overhaul in Congress but rejected the notion the legislation is doomed.

  • Initial unemployment claims dropped a surprising amount. The four week moving average dropped 10,000 to 606,000. While only one week's number, let's still take an encouraging moment and hope that we might be entering a better phase of the economy.

  • Barack Obama

    Lasting worldwide recovery "is still a ways off," President Barack Obama declared Friday, but he also said at the conclusion of a global summit that a disastrous economic collapse apparently has been averted.