Futures indicated a slightly higher open for Wall Street Wednesday on profit taking after the major selloff the previous day.
No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.
Contrary to comments made this past weekend by Vice President Joe Biden, President Barack Obama says that the administration did not misread the economic downturn.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the banking and pharmaceutical sectors.
Plus, the Mad Money host reacts to the Justice Department's probe into telecom.
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the tech, banking and pharmaceutical sectors.
A second round of economic stimulus would only steepen the government's debt problems and likely do little to boost the stock market, financial experts say.
The pace of the economic recovery heading into the fall—electric smooth or diesel rough—will determine whether Obama can prod Congress on the key features of his agenda with momentum or from a defensive crouch.
President Barack Obama on Tuesday welcomed progress on health care overhaul as top Senate Democrats and the administration closed in on a deal with hospitals to help pay for the president's proposed expansion of medical coverage to the uninsured.
As the summer wears on and discontent grows, I expect calls will be louder and louder for additional stimulus from Congressional Democrats to put more Americans to work.
Stocks fell Tuesday amid growing doubts about the economic recovery. But techs and banks rose.
The commodity/dollar trade continues today. Stock futures fell about 4 points pre-open as the dollar firmed and as commodities moved off their highs. Despite the move lower, commodities remain up on the day, rebounding from yesterday’s weakness. Subsequently, commodity stocks are slightly higher today, rising 1 percent-2 percent pre-open.
Investors should stay out of Russia until the fight against corruption and the rule of law improve in that country, William Browder, CEO of Hermitage Capital Management, has been denied entry into Russia since 2006, told CNBC.
Futures indicated a slightly higher open for Wall Street Tuesday as doubts about the sustainability of a global economic recovery dimmed.
French workers normally take off much of the summer, but this month, there is something of a revolution going on here at this former royal chateau roughly 30 miles southeast of Paris. The throngs of tourists will be jostling alongside stonemasons, restoration experts and other artisans paid by the French government’s $37 billion economic stimulus program, the New York Times reported.
Cramer thinks so. And the company could escape Washington’s scalpel. The CEO stopped by to tell us more.
Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.
Stocks were under pressure Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow turned positive as investors took advantage of the selloff and did some bargain hunting.
Russian President Dmitry Medvedev says the summit with President Barack Obama is a "first but very important step" toward revitalizing relations between Russia and the United States.
A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.