In the aftermath of Scott Brown’s Senate win in Massachusetts, the new political gridlock in Washington could spell the end of the liberal crack-up that we have witnessed over the past year.
Hewlett-Packard's better-than-expected earnings and outlook could be a plus for stocks, which will also key off of Wal-Mart's earnings, inflation data and weekly jobless claims on Thursday.
Stable midday after a late-morning scare, when stocks dropped just as Europe was closing (11:30am ET). Here are the issues...
The euro is down a full percent today against the dollar, has now given up almost all that it gained yesterday; the dollar has done just the opposite. This volatility, of course, affects stocks and commodities and makes traders crazy. What's up today? Recall that there is all this talk about currency swaps that Goldman may or may not have done for Greece.
Scott Phillips had to close his small plumbing company after the housing bubble burst and his business dried up. Roshonda Bolton lost her job when the garment and uniform factory where she had worked for 16 years shut down last August.
One year ago, President Barack Obama signed the $787 billion stimulus bill. Has the bill helped the US economy and if so, how? Bill Smead, CEO and CIO of Smead Capital Management, shared his insights.
President Barack Obama claimed the $789 billion stimulus package headed off a second depression in remarks marking the bill's first anniversary of passage today.
Happy Anniversary! Well, sort of. Even for supporters of the American Recovery and Re-investment Act, the one-year anniversary of it being signed into law might not be a time for celebration -- at least not yet.
Senator Evan Bayh’s comments this week about a dysfunctional Congress reflected a complaint being directed at Washington with increasing frequency, and there is broad agreement among critics about Exhibit A: The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights. The New York Times reports.
Imagine if, one year ago, Congress had passed a stimulus bill that really worked. The New York Times explains that's exactly what happened.
January housing starts, at 591,000, was above expectations of 580,000, and the highest since July 2009. The prior month was revised upward as well. Bullish on housing: BofA/Merrill Lynch initiating seven home builders with a "Buy" rating. Analyst Jonathan Ellis says, "we think a sustained recovery is now within a reasonable discounting period for the stocks." What about a bottom in home prices? And what happened to the correction?
Simon Property Group bid for General Growth: a BIG DEAL. How big? Too big to pass up. A once in a lifetime opportunity to buy high-quality assets.
While the Greek stock market is down 2.4 percent this morning, most of the rest of Europe is up fractionally. China, Hong Kong, Taiwan and Malaysia markets are closed due to the Chinese New Year, while Brazil is in the middle of Carnival. Barclays rose 11 percent pre-open, as it reported profits nearly double that of 2008. And Simon Property Group made a $10 billion offer to buy all of General Growth Properties.
Vice President Joe Biden says the White House is ready and willing to listen to health care ideas from Republicans. President Obama has invited members of both parties to the White House for a televised meeting on Feb. 25
Aksi, Greece: Germany balks on aid. Angela Merkel, the chancellor of Germany, is said to have made it clear she wants to see reforms in Greece before loans are committed.
Washington’s new political reality has left the fate of comprehensive healthcare reform uncertain, but there’s still plenty Congress and the Obama administration can do to improve the American healthcare system, writes this CEO.
Expect a little more volume than normal Friday: Berkshire Hathaway Class B shares are going into the S&P 500 today. This is attracting an unusual amount of interest from the trading community, due to the large size of the addition. About $1 trillion is indexed to the S&P 500.
Billy Tauzin, the former Louisiana congressman, is resigning as president of the drug industry trade group Pharmaceutical Research and Manufacturers of America amid internal disputes over its pact with the White House to trade political support for favorable terms in the proposed health care overhaul.
With the Senate another step closer to a Wall Street crackdown, how should you trade banks?
Commodity and energy stocks rallied as the euro finally became so oversold that traders began buying it, thus weakening the dollar. There may also be a secondary reflation trade in play: the unusual move in copper (up 4.7 percent) widely noted on trading desks. George Gero at RBC attributes the gold rally to "Relief that Greece will be handled without having to sell gold..."