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Politics Barack Obama

  • The stronger-than-expected US employment report combined with the comments of two Fed officials in the past 24 hours (Hoenig and Lockhart) about not waiting too long to hike rates has seen the Fed funds futures sell-off sharply.

  • The dollar is rallying, hurting commodities and commodity stocks. Why is the dollar rallying? Better economic news implies higher rates, which makes the dollar more attractive as an investment. A higher dollar means dollar-denominated commodities are more expensive to buy.

  • Ben Bernanke

    Testifying before the House Budget Committee this week, Ben Bernanke said that when the time comes, the Fed will raise interest rates in order to stop inflation from building in the next recovery. He also asked for “fiscal balance” to sustain financial stability.

  • Angelo Mozilo

    I find myself wondering, based on the evidence the SEC is offering up in its complaint, whether the agency is poised to come after many other firms that failed to alert their shareholders to the risks they were taking in the mortgage market.

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    With the Obama administration working toward a mid-June unveiling of a sweeping package of regulatory reforms for the financial sector, Congressional Republicans are preparing their own offensive in the coming week.

  • An overarching systemic regulator for the financial sector is needed, said Tim Ryan, president & CEO of the Securities Industry and Financial Markets Association.

  • Fed Chairman Ben Bernanke, in his testimony to Congress yesterday, sounded the alarm bell for political leaders to put in place a plan to restore balance to the nation's fiscal books.

  • ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k. The good news is that the level of job losses has clearly stabilized; the bad news is that we are still not seeing much of an increase in hiring. Bottom line: unemployment rate will continue to rise, at least in the near future.

  • Businessman

    President Obama’s plan to beef up cybersecurity  will likely boost providers of such  technology. But  experts have doubts about the long-term benefits.

  • Financials are again lagging the overall market...and Barclays is one of the main reasons. After holding a stake for only 7 months, an investment firm controlled by the Abu Dhabi royal family has sold a huge stake in Barclays...at a handsome profit.

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    After nearly twenty years in Washington I thought I've seen every trick ever conceived, but the White House claims of "jobs saved" attributed to the stimulus bill is unrivaled, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.

  • The Fed has said banks must tap the equity market before anyone gets approval to return TARP money so...banks are again out raising money.

  • Stocks soared Monday as investors were encouraged by economic reports out of China and the U.S. and breathed a sigh of relief that General Motors finally filed for bankruptcy protection.

  • Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S. and shrugged off the General Motors bankruptcy filing.

  • Kohlberg Kravis Roberts & Co.

    It’s not often we get detailed data on the world of private equity. Other than SEC filings from Blackstone little information makes its way into the public realm. That’s why this weekend’s “update” from the private equity giant KKR provides an interesting window into the struggles that have hit the once mighty firms of private equity.

  • GM_logo_down.jpg

    As General Motors prepares to celebrate its 100th anniversary and faces possible bankruptcy, here are some key events in the giant automaker's history:

  • chrysler_logo_backruptcy2.jpg

    Chrysler and Fiat have asked a bankruptcy court that approved their merger to shorten the process for appeals and bypass the U.S. District Court, according to a court documents.."

  • President Barack Obama

    President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.

  • President Barack Obama

    President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.

  • Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S. and shrugged off the General Motors bankruptcy filing.