A beautiful day for our parent company. General Electric up nearly 14 percent, its best one-day gain since at least 1962.
$700 billion in TARP. Billions more in TALF. The federal government has stabilized the banking system. So why can't you get a car loan?
If Fast Money readers are any indication, America is both concerned and confused about the stimulus.
US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
The big issue this week is 1) how much of the "stew" of TALF, TARP, stimulus, aggregator bank actually becomes real, and 2) how many traders will end up believing that this creates some kind of bottom in the economy, so it's safer to buy stocks, or at least stop shorting them?
The Obama administration pushed back the announcement of a keenly awaited bank rescue plan until Tuesday as it pressed lawmakers to settle their differences over a huge economic stimulus package.
Geithner's stimulus plan has four components and lots of questions, says Andrew Busch.
I said last week that a small but persistent group was starting to believe that the "stew" of TARP, TALF, stimulus and other Treasury action would help create a bottom in the economy, and that if that was the case shorting of banks and consumer discretionary would be riskier in the near future.
US stocks looked set to hand back some of last week’s gains at the open Monday as the much-anticipated bank rescue plan was delayed for another day.
The sweeping financial plan to be announced by the Treasury will include an expanded loan facility that will purchase newly issued and newly rated Commercial and private-label Mortgage Backed Securities.
A wide range of measures to ease the credit crunch will be announced Tuesday and they may now include financial aid to several insurance companies, according to a source.
Cramer has a few ideas on how to rectify the president’s less-than-stellar first few weeks in office.
The plan will get "credit flowing again to families and businesses", the government says, and is also expected to include measures to aid financial firms.
How do you explain it when jobs plunge and stocks surge? That’s what happened Friday as the January employment report revealed a disastrous 598,000 drop in payrolls.
If there's anything CEOs need right now, it's more education about how to deal with the unprecedented changes that are occurring in the world.
Stocks rallied on the hopes that the "stew" of TARP, TALF, Geithner, stimulus and mark-to-market talk might gel into something palatable, something that will help stabilize the economy.
Some traders are starting to think that the "stew" of stimulus, TALF, TARP, and Geithner might stabilize the economy, or at least convince more that the bottom is somewhere in sight.
President Barack Obama plans to participate in town hall-style meetings next week in two cities that have struggled amid the crumbling economy.
Bank of America won't need any more government bailout money and hopes to pay back the $45 billion it's received in three years, CEO Ken Lewis told CNBC.
It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.