Markets trading up as concerns over Bernanke's reconfirmation have eased — and also because of good news out of Greece. Greece did get the 5-year note auction off this morning. Demand was strong...
Now the President's legislative agenda is in pieces. He had delayed this week's State of the Union address so he could highlight the health care program he hoped to have passed.
A Democrat and a Republican issued a statement predicting the Senate will confirm Ben Bernanke as chairman of the Federal Reserve, hoping to quell doubts that have shaken markets.
If you don’t trim your winnings from these three stocks, you’re just being greedy.
Plus, Mad Money’s stock strategies to sidestep the administration’s agenda.
Tough end to the week. For the first time in months, the last two days has seen some notable call buying in the CBOE Volatility Index (VIX) — in other words, traders are buying volatility. Also a notable uptick in the put/call ratio (the ratio of put buying to call option buying). Why?
The Mad Money host dishes on big government, financial reform, Geithner and Bernanke and a few hot bank and autos stocks.
The Democrat Debacle in Massachusetts offered a rare gift to President Obama: a premonition of the rout that was about to rack his own party in the mid-term congressional elections nine months from now. Instead, Bam is losing it.
President Barack Obama’s pledge to impose business line restrictions on banks appeared to catch the market by surprise yesterday, judging from the 200 point tumble in the Dow. Whether or not one supports these measures in concept, the announcements themselves were ill-advised.
Taxing and bashing banks is no way to run an economic recovery plan. Sure, banks made mistakes. And I still believe that no bank bonuses should be paid while the banks were under TARP. But they have paid TARP down. Right now we need the banks to service customers and expand loans when economic recovery moves into the credit-demand, loan-demand phase.
Earnings season not panning out like it was supposed to...so far. Traders were long going into earnings, under the theory that most would beat expectations handily. That happened, but stocks haven't gone up.
Amid growing opposition in the Senate to Bernanke winning a second term, CNBC has learned that the Democratic leadership is still gauging support for the beleaguered central bank chief.
The Supreme Court has handed lobbyists a new weapon. A lobbyist can now tell any elected official: if you vote wrong, my company, labor union or interest group will spend unlimited sums explicitly advertising against your re-election.
After a stunning loss in the Massachusetts Senate race and loss of the critical 60-40 split in the US Senate, President Barack Obama did not wait long to change tactics and go on the offensive.
Stocks continued to slide on Friday, after logging their worst 2-day decline since June. Where should investors be looking? Mario Gabelli, founder, chairman and CIO of Gamco Investors, shared his stock picks.
With the possible collapse of the Congressional health care effort, health insurers might seem to have reason to celebrate. The legislation threatened to remake much of their business, with the prospect of burdensome government regulation and less profit from selling coverage to individuals and small businesses. The New York Times reports.
It’s simplistic, cynical and disingenuous to conclude that President Obama announced a set of controversial proposals to crack down on big banks simply to divert attention from the Democrats senatorial defeat in Massachusetts and his declining poll ratings.
At a meeting of hedge fund traders last night, it was widely agreed that big banks will get much smaller in the next couple of years. All agreed that Paul Volcker was back in a big way. It was also agreed that Timothy Geithner was in deep trouble.
President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, the New York Times reports, including the big one: Would this really prevent another financial crisis?
Invoking the name of Saint Paul of Volcker is not a bad ploy if you want to get attention. But what the President said could be called the Volcker plan is not getting a good reception on Wall Street.