Stocks, which had already been coming off their mid-morning lows, rallied further about 1:18 ET when it was announced that President Obama would make a major address on the U.S. economy tomorrow.
Last week, while touting the success of one part of the Making Homes Affordable plan, President Obama issued a warning.
King Abdullah II will meet US President Barack Obama on 21 April in Washington DC. The meeting will focus on efforts to reach a two-state solution to the Israeli-Palestinian conflict and achieve a comprehensive peace in the region. Talks will also address Jordan-US ties.
Most people say they plan to use this year's tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall.
The captain of an American cargo ship held hostage by armed Somali pirates was rescued on Sunday by United States Navy personnel, who killed three of his captors, government and shipping officials said.
Though they unveiled it three weeks ago to resounding applause on Wall Street, the administration's plan is a Rube Goldberg machine gone awry —too clever and convoluted, rife with potential for chicanery and favoritism.
Short week, long list. Here are our nominees for the lowlights from the realms of the rich, followed by our choice for winner. Vote for your own choice below.
President Barack Obama said Thursday millions of Americans can save money by refinancing their homes and taking advantage of record low rates on fixed mortgages.
During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves.
For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened, the New York Times reported.
Americans may be asked to come to the aid of their banks again — this time, with the added inducement of possibly making some money for themselves, the New York Times reports.
The audience tests Cramer’s 30 years of Wall Street experience with questions about Berkshire Hathaway’s legendary leader, 401(k)s versus Roth IRAs, alternative energy and more.
The president returned to Washington in the early hours of Wednesday morning, bringing his lengthy debut on the world stage—including his first stop in a war zone as commander in chief—to a close.
Chrysler is working hard to complete a deal with Fiat, but is also prepared if the deal doesn't go through, Vice Chairman and President Jim Press told CNBC Wednesday.
There is a re-occurring theme that is permeating solutions to the global malaise. As the old doctor's saying of "heal thyself" goes, leaders across the globe are pursuing policy that has healthcare as a major tenet for their plans.
Earnings season begins today with Alcoa. The majority playbook, which we have telegraphed for a month, is to ride the wave off the March 6th lows going into earnings season, then lighten up as stocks move sideways to down on the back of VERY CONSERVATIVE guidance.
It is an extraordinary number for extraordinary times: $1.1 trillion in aid, to be pumped into the world’s financial bloodstream. For the leaders gathered in London last week, it was tangible evidence that their economic summit meeting had yielded impressive results.
Stocks fell Monday amid doubts over the health of the banking industry and the apparent collapse of a major deal in the technology sector.