Plus, a play on the cap-and-trade bill.
Stocks weaker on Chicago PMI, which came in at 46.1, well below expectations of 52 (anything above 50 shows expansion).
Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.
That's the reason this group recently took such a big a hit, Cramer says.
Almost 10-million of stimulus money went toward revamping the Web site that monitors the spending. That's right. The government spending money on how it monitors how it spends money.
The Senate Finance Committee has rejected a government run public insurance option-this was expected but there was worry in the past week that a public proposal may gain momentum after some Senate Democrats said a public component may be included.
“I’m estimating carbon markets could be worth $2 trillion in transaction value – money changing hands – within five years of trading (starting),” says one federal regulator.
The US economy needs another cash infusion to kicksart consumption and longer term the US has to devalue the dollar to get out of the crisis, investor Wilbur Ross told CNBC Tuesday.
After stumbling in his transition from backstage player to out-front crisis manager, Treasury Secretary Timothy Geithner has since quieted critics inside and outside the administration. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.
Plus, get calls on IPOs and more.
President Barack Obama says Iran is on notice following the disclosure of an underground plant to make nuclear fuel that could be used to build an atomic bomb.
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex financial instruments, according to a government report released Friday.
The Heads of State of the G-20 are meeting in Pittsburgh. The meeting will be a far cry from last time they met and the world was facing a meltdown. But the agendas are so vastly different one from the other and the US does not have the economic and financial juice to determine any outcome, so muscle will be flexed and power will be grabbed. Consider the likely agenda items and the road blocks to constructive discussion.
President Barack Obama has described how his Administration intends to overhaul U.S. financial regulations. The hallmarks of these reforms, he said, would be transparency and accountability. A more difficult challenge will be to persuade the Federal Reserve System to release similar information on the $2 trillion of emergency loans it made as part of its economic recovery program.
We're growing, but not as much as you wanted. Hewlett Packard down 1 percent pre-open as CEO Mark Hurd said the magic words: "We expect the IT industry to return to growth in 2010 and believe that HP will outpace the market," but their guidance was not as strong as expected.
Global health care - particularly for poorer nations - has been a focal point at the Clinton Global Initiative since its inception. Whether fighting AIDS, HIV, malaria, tuberculosis or a myriad of other diseases - the commitments made to help the impoverished reach a level of physical health and wellbeing enjoyed by developed nations.
America works even when it's tried in Western Europe, and the old world fails even when it's tried in North America.
There were four REIT IPOs scheduled to price this week and next, all designed to pick at the carcasses of commercial and residential properties, most of it on the mortgage side. So far, only two have priced, both of those a day late, and both raised half what they anticipated.
Buy the IPO, Cramer says, because the company in an industry powerhouse.
Vaclav Klaus isn’t your typical politician. He’s not afraid to voice his thoughts, even if it appears to be against the grain. As President of the Czech Republic, Vaclav Klaus assumed the rotating reins of the EU presidency in the first half of 2009. He has been fiercely critical of more closely integrating the 27-member Bloc and has also published a book highlighting his doubts on global warming.