Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
Ben Bernanke is the buzz on everyone's lips and has the support of some big names here in the Alps. Here's what one said.
S&P futures were up about 3 points on: 1) President Obama's call for tax cuts and tax credits for small businesses, a focus on jobs and his statement that he is "not interested in punishing banks," 2) Ben Bernanke's likely survival of a procedural vote in the Senate, and 3) earnings beats from Ford, P&G, Motorola, Nokia, Lockheed Martin and Colgate.
In a long, at times flat, at times inspiring speech, the President stuck to his guns and most decidedly did not take a turn to the center.
Attendees had a good excuse for looking bleary-eyed in the morning--watching Obama's State of the Union address. And they certainly got the message
President Obama's first appearance after the State of the Union address is in Tampa, Fla. on Thursday where he is expected to announce $8 billion worth of grants for high speed rail projects in the United States. More than a dozen projects will receive funds, spanning 31 states, but the biggest winners look to be Florida, Illinois and California.
President Barack Obama's proposals to impose a levy on large banks would only work if it was agreed globally and financial regulations set out at the G20 summit should be put in place first, UK Chancellor of the Exchequer Alistair Darling told CNBC Thursday.
A string of positive earnings reports gave a lift to Wall Street this morning as Ford Motor joined some key Dow components in beating expectations.
The sheer cost of the health care plan seems to have scared the independent voters in Massachusetts. America has not fallen in love with Republicans. They have fallen out of love with lofty speeches, ambitious goals, and the "establishment" and will vote anybody out of office who gets in the way.
Lots of market moving events today: the Apple show, President Obama's State of the Union speech, conclusion of the FOMC meeting, the Geithner hearings. Traders are hopeful the President will focus on the economy and job creation, and tone down the populism. Traders are less optimistic that anything good will come from The Geithner Witch Hunt, as some are calling the hearings...
How will comments made by President Obama in Wednesday’s State of the Union impact your portfolio on Thursday, particularly your bank stocks?
Stocks eked out a gain Wednesday as the debut of Apple's iPad tablet computer energized tech stocks and financials rebounded amid relief that the Fed's statement offered no surprises.
Stocks today: neither Geithner, nor Steve Jobs, nor Bernanke move the needle much. FOMC Statement: basically the same, but a slight upgrade to economic outlook, and a Hoenig dissent. The Apple iPad...good stuff, but AT&T provider a bummer.
Markets opened lower on Wednesday as investors were disappointed with some earnings outlooks—but edged up after the Fed's lukewarm statement. What should investors expect from stocks going forward? David Kotok, chairman and CIO of Cumberland Advisors and John Burns, founder and CEO of Burns Advisory Group shared their views.
Stocks continued to slide Wednesday after the Fed left the "extended period" language in their statement, referring to how long they will leave interest rates low. Stocks had already been trading lower after some disappointing earnings outlooks.
European markets have closed. Global stocks have been weak this morning on reports that yields have increased on Greek bonds, as well as bonds of Portugal, Spain, and Italy.
Now, sir, let's join hands, you and me, and go for a full-throated spending and debt limitation approach that will last not three years, but many decades to come. It will keep us out of bankruptcy, re-balance our books and promote growth.
Legislators are showing renewed interest in proposals for a government subsidy to encourage new hiring. President Obama last month endorsed the idea of a tax incentive for companies that add jobs, and many will be listening for more details in his State of the Union speech Wednesday night.
Stocks had a weak open Wednesday as investors were disappointed with some earnings outlooks and waited for the Federal Reserve's statement this afternoon. Stocks slipped further into the red after a report showed new home sales unexpectedly unexpectedly fell last month and as the House hearing on AIG began.
What-did-they-know-and-when-did-they-know-it will be the over-arching theme of the questions. According to the US Treasury Department, Geithner was recused from "working on issues involving specific companies," including AIG after he was nominated on Nov. 24th, 2008, for the US Treasury Secretary.