The economy is turning up, and stocks are on the rise. You wouldn’t know it, though, if you watched the news.
Stocks eked out a gain after a rocky session Friday as investors weighed some encouraging economic reports against gloomy earnings.
Uncertainty over bank stress testing and the billions in loan losses the institutions will have to cover poses a threat to the stock market rally.
Consumer goods maker Clorox reported stronger-than expected Q3 results on a notable improvement in margins.
The Federal Reserve announced Friday that it will launch a much-awaited program in June to bolster commercial real-estate lending. And, to help make the program more attractive to investors, the Fed will provide longer, five-year loans
The current rally is "still somewhat suspect," Art Cashin, UBS Financial Financial Services director of floor operations told CNBC Friday morning.
Stocks had a wobbly start to the morning Friday as investors weighed some encouraging economic reports against gloomy earnings.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse "In announcing the Chrysler bankruptcy, President Obama launched a broadside attack on creditors who declined to buckle under White House pressure to cut a bad deal," writes Tony Fratto former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Stocks pared their losses Friday after economic reports showed consumer confidence soared to its highest level since before the fall downturn began and that manufacturing is showing signs of improvement.
A handful of other financiers are being blamed for precipitating the bankruptcy of an American icon. As Chrysler’s fate hung in the balance Wednesday night, this group refused to bend to the Obama administration and accept steep losses on their investments while more junior investors, including the United Automobile Workers union, were offered favorable terms.
Futures indicated a slightly higher open for U.S. stocks Friday as investors shrugged off Chrysler's bankruptcy announcement and decided to go against the 'sell in May and go away' mantra after April's successful performance.
It’s not that business is getting better, Cramer said of companies’ recent performances, it’s that they’ve pulled the belt tighter.
Stocks ended flat for the day as news of a Chrysler bankruptcy filing quashed the day's gains, but logged solid gains for the month of April.
Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
Don't get so swept up in trying to predict where specific stocks are going that you ignore what they're saying about the market as a whole.
Yesterday the Treasury Department announced another element to the Home Affordable Modification Program (one part of the Making Home Affordable Program). It addresses what has been a big impediment to loan modifications so far, that is, second liens. Of the $12 trillion mortgage market, about $1 trillion are second liens (often called “piggyback loans”). According to the NY Times, 70 percent of those are held by banks.
The Obama administration Tuesday will unveil measures to address the role of second mortgages or other liens on properties that might be pressuring consumers and businesses.
President Obama promised CHANGE in his campaign for President, and after 100 days in office, it is easy to give him a grade of A++ on keeping that promise. I must leave it to historians to gauge whether or not his first 100 days will take the top prize in terms of changes instituted in this country, but for sure he will get honorable mention.
The administration’s plan to halt the $13 billion helicopter program, announced this month, will leave the government with little to show for the $3.2 billion it has spent since the Bush administration set out to create a futuristic craft that could fend off terrorist attacks and resist the electromagnetic effects of a nuclear blast.