Futures rallied on the back of the Bank of America bailout Friday, with investors hoping the government will do all in its power to save big institutions from collapsing.
Los Angeles Lakers guard Kobe Bryant signed a multi-year, multi-million dollar deal with Chinese Web site Sina.com today. It gives Bryant his own site on the news portal, which will include a blog that Bryant will update multiple times a week.
I think it's safe to say that Barack Obama is breaking records for the most merchandise sold of a single person in the history of the world over the last two and half months. Now, we have your ultimate guide to "Obamabilia."
President George W. Bush will be on TV tonight to deliver his farewell address. He has said, “Whatever I say, it shouldn’t be very long.” I’m sure he’s saving the "long" stuff for his book. But will his book be the must-read? Vote now.
The United States is currently going through a “sequential healing process,” Pimco co-CEO Mohamed El-Erian told CNBC.
This may be apocryphal, but when FDR was running for President for the first time in 1932, he said something along the lines of "What America needs now is a good, stiff drink." Then he won and went on to help end prohibition. Well, now we've got a new Democratic President coming into office, we're in similarly dire economic straits, and maybe what America needs is a nice toke?
President-elect Barack Obama approaches his inauguration with exceptional goodwill from the American people, but faces some political challenges in selling his economic stimulus package.
Stocks are swooning again — down seven straight days — and threatening to break below a November 20 bottom. Part of this stems from bad economic data, including today’s announced plunge in December retail sales. This of course follows last Friday’s outsized drop in payroll employment.
It was an off-the-record dinner with the President-Elect and I'm going to keep it off the record in terms of deep content. There were about nine of us there. I don't think he's trying to win us over, but he's trying to connect with us and engage with us to his great credit.
The top Republican on the Senate Finance Committee said Wednesday the panel delayed a hearing on the nomination of Timothy Geithner to head the U.S. Treasury to give senators more time to reflect on Geithner's failure to pay payroll taxes.
A Feng Shui expert sent me the following tips for FS-ing the White House. Seems the President-elect is an East Life person, given his birth in 1961, a year ending in 1 and as an East Life person the directions that would be most harmonious and supporting for him are the south, southeast, east and north. Plus more FS Ideas.
President-elect Barack Obama asked Democratic senators Tuesday not to stand in the way of an additional $350 billion in bailout funds, calling the money essential to helping the ailing economy.
I just got two boxes of the Barack Obama Topps set. It's 90 cards, plus 18 stickers. No offense to our new leader, but the most coveted card in the set isn't of Obama. It's of his pooch.
The Treasury Department is developing tools to measure whether banks that receive funds from the $700 billion financial industry rescue program are increasing lending.
That's bad news for the banks, though. Cramer breaks down what the president-elect's new TARP rules mean for the financials.
The Dow fell for the fourth day in a row as concerns about massive losses at Citigroup knocked its shares 17 percent lower, dragging down bank stocks...
The Democrats wasted no time distinguishing themselves from President George W. Bush.
As the countdown to the Obama administration falls into single digit days, the rhetoric over how to reverse the housing crisis is heating up, and much of the chatter is focusing on bankruptcy and “walkaways”. All of this leads me to ask the question, which is worse to your financial future: personal bankruptcy or foreclosure?
The Communist Party is pouring hundreds of billions of dollars into an economywide recovery plan. The U.S., suffering through its own recession, needs to do even more.
As President Bush gets set to leave office, President-elect Obama has one more important task for him to complete. Obama and his Midwest Combine are requesting that the outgoing Republican leader send a message to Congress for the remaining $350 billion in TARP funds.