President Barack Obama sought to rally Democratic lawmakers Wednesday after the loss of a crucial Senate seat, saying it must not weaken their resolve to pass healthcare and financial regulatory reforms.
PNC Financial priced a $2 billion secondary offering of 55.6 million shares of common at $54 a share. They are planning to use the money to..?
Even if this administration wanted to be serious about fiscal austerity, we would have a massive deficit. As it is, it looks like fiscal 2010's red ink will total over $1.5 trillion. I remember the late Senator from Illinois (of all places), Everett Dirksen, who once said "A billion here, a billion there, pretty soon you're talking about real money." He would freak at the thought of a trillion here or there.
The ADP report for January, at a loss of 22,000 jobs (consensus was for a loss of 30,000), was the smallest decline since January 2008, which was the last time there was jobs growth. Then there's dividends — lots of dividends.
How in the world can Team Obama say that they're focused laser-like on jobs and economic growth, and at the same time, propose $2 trillion worth of tax hikes for successful investors, entrepreneurs, businesses, banks, and almost anything else that moves?
Uncertainty over the direction of economic policymaking in Washington was a troubling storyline of 2009, and 2010 is shaping up to be a repeat performance.
Markets rallied Tuesday on some encouraging earnings reports, pending home sale data and Ford’s double-digit increase in sales. Where should investors be focusing? Robert Weissenstein, chief investment officer for Credit Suisse private banking Americas, shared his outlook on Washington, earnings, markets and more.
U.S. may lose Aaa rating? Traders passing around comments that were made about 2:30pm ET by Moody's. Commenting on the U.S. government budget that was presented yesterday, Moody's called it a "small start to the big task of returning to a sustainable debt trajectory," and then went on to say...
President Obama on Monday sent Congress a $3.8 trillion federal budget that includes a $100 billion jobs package, more education spending, higher taxes on families earning more than $250,000 a year and a focus on controlling the deficit. What kinds of impact will this have on stocks going forward? Barry James, president of James Advantage Funds discussed his views.
A rather strange two days...the mantra all through January was, SELL THE EARNINGS...good or bad, sell the earnings. Now, in the first two days of February, companies that beat earnings are trading UP and staying UP. One thing’s for sure: there’s more going on than just the start of a new month.
I was a bit surprised to read an excerpt from former Treasury Secretary Henry Paulson's new book, that depicted Lockhart as "nervous" in those crucial few days leading up to the takeover of Fannie and Freddie and very reluctant to put the two into conservatorship. Paulson called the FHFA a "weak regulator," and seemed to imply the same of Lockhart.
Markets continued to rise on Tuesday following Monday's rally. How long will the market rally continue? Art Cashin, director of floor operations at UBS Financial Services shared his insights.
Stocks rallied mid-morning on pending home sales in line, dollar weakness, Mr. Geithner speaking like a fiscal conservative—but most point to earnings commentary as the main factor for the rally. Three items stand out...
For individuals making $200,000 and couples making $250,000 or more a year, expect to see higher taxes in 2011 unless Congress votes to keep Bush-era cuts.
Top administration officials tried to steer President Barack Obama's new $3.8 trillion budget through a congressional minefield on Tuesday as the day-old plan drew fire from Republicans and Democrats alike.
The week started out with nothing but good looking news. Overseas a bunch of countries reported their Purchasing Managers surveys (PMI) and they were almost uniformly good.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
The key to economic progress is not a revenue equation, but a spending equation, David Walker, former U.S. comptroller general told CNBC on Tuesday.
Mining and metal stocks are up again about 2 percent in Europe; Rio Tinto was raised to "buy" from "hold" at Citigroup. We have no panic over Greek bonds, so Europe is trading higher. Elsewhere, earnings are pumping up stocks — mostly outside the U.S., but not all...
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.