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Politics Barack Obama

  • Stocks rallied Friday after the latest employment numbers showed signs of a stabilizing job market.

  • We are seeing something today we haven't seen in a while: the dollar is strong, but commodities and commodity stocks are flat or up.

  • US Capitol Building with cash

    Even as the Obama administration braces for another grim report about job losses on Friday, economists say that the president’s $787 billion stimulus package has helped blunt the downturn in limited but discernible ways.

  • Futures jumped Friday after the latest employment numbers showed signs of a stablizing job market.

  • Stocks fell for a second straight session Thursday as tech stocks dragged after Cisco's tepid outlook and investors remained jittery ahead of tomorrow's jobs report.

  • AIG will for a second day trade over 100 million shares (normal volume: 8 million!) Large intraday volatility again (high: $29.39, Low: $21.30). Stock was $13 two days ago.

  • Pills

    Pressed by industry lobbyists, White House officials on Wednesday assured drug makers that the administration stood by a behind-the-scenes deal to block any Congressional effort to extract cost savings from them beyond an agreed-upon $80 billion.

  • Stocks pulled back Thursday after a higher open as Cisco dragged on the Dow.

  • The economy has started to make its comeback, but President Barack Obama needs to become more of a cheerleader to help it along, said Robert Brusca, chief economist and Fact & Opinion Economics.

  • The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.

  • Stock index futures pointed to a mixed opening Thursday, with the tech-heavy Nasdaq futures faring the worst after Cisco's chief executive was cautious on calling a bottom.

  • Stocks ended lower Wednesday, despite a late attempt at a recovery, as disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G, fueled concerns about the economic recovery.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • Former U.S. President Bill Clinton seen speaking during the inaugural Rural Summit in Washington, DC

    The big foreign policy news overnight is that the other Clinton (Bill) had foreign policy success for the Obama administration. After meeting with the supreme leader Kim Jong-Il, our former President brought home the two reporters who were being held in North Korea.

  • Stocks tumbled Wednesday following disappointing readings on the service sector and employment situation, as well as a cautious outlook from Dow component P&G.

  • Healthcare coverage and the hastle of forms

    For the insurance industry, long an opponent of health care reform, it was a striking change: with a new administration coming to Washington, insurers agreed to abandon some of their most controversial practices, like denying coverage to applicants with pre-existing medical conditions.

  • Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.

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    Legislation to inject more money into the "cash-for-clunkers" program will pass the Senate before the start of a month-long recess at the end of this week, Senate Majority Leader Harry Reid said Tuesday.

  • Unemployment

    Nearly 1.5 million Americans will run out of unemployment benefits in the coming months. The White House is working with Congress to extend benefits and the unemployed most likely will get help. But at what cost? Will extending benefits help or hurt the overall economy and recovery? Here are two opposing views from our guest bloggers Tony Fratto and Julie Roginsky.

  • This health care plan that the government is proposing is going to cost a lot more than what people think, said Arthur Laffer, chairman of Laffer Associates.