U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
Stocks opened slightly higher on Thursday after reports showed jobless claims fell by 24,000 last week to 601,000 and retail sales ticked higher in May. Bond yields will also be in focus today as the results of the government's 30-year Treasury auction are due out at 1pm ET. Experts weighed in on the above and more. Read and listen to what they had to say…
Despite the somewhat encouraging set of data, futures drifted a bit lower as traders became more concerned with the move in 10-year Treasury yields, which briefly rose above 4 percent again earlier this morning.
Stocks dropped as soon as the results of the 10-year auction were announced. The yield of 3.99 percent was at the high end of expectations.
There are two basic truths about the enormous deficits that the federal government will run in the coming years. The first is that President Obama’s agenda is responsible for only a sliver of the deficits. The second is that Mr. Obama does not have a realistic plan for eliminating the deficit.
An Obama administration official says the administration will appoint a "special master" to oversee executives' compensation at companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive. 1st paragraph of story should go here
China stimulus trumps U.S. stimulus. Although the dollar is comparatively flat, we continue to have a global commodity rally--oil, copper, aluminum and other commodities are at or near their highs for the year.
The Republican Party blueprint for reform would strip the Federal Reserve of significant powers, create a single banking regulator, establish a special bankruptcy code to handle the collapse of too-big-to-fail non-banking firms and promises "no more bailouts."
With auto sales in the doldrums, the House approved a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles.
Stocks ended mixed in choppy trading Tuesday after 10 banks were approved to repay TARP loans. But tech stocks gained after Texas Instruments raised its earnings and revenue targets for the second quarter.
"In 90 days you've gone from an attitude on Wall Street that the financial system is on the precipice to a feeling that happy days are here again," one pro says.
Get the Mad Money host’s calls on oil, tech, financials, the steels and more.
Stocks turned mixed Tuesday after the banks approved to repay TARP loans were named. But tech stocks held onto their gains after Texas Instruments raised its earnings and revenue targets for the second quarter.
Stocks opened higher Tuesday, with bank stocks rising as some of the nation's largest institutions poised to repay government bailout money.
The panel overseeing the TARP recommends running again the stress tests on US banks, as economic conditions have worsened, its chair, Harvard University professor Elizabeth Warren, told CNBC.
Futures showed a relatively flat open for Wall Street on Tuesday as the dollar's rally, fueled by last week’s better than expected jobs report, fizzled out and some investors went back into stocks.
A report by the Congressional Oversight Panel says the Obama administration's program to test the financial health of the nation's biggest banks was "constructive" but also raises "serious qustions."
Late day buying almost pushed the S&P 500 into new high territory--but fell back just at the close. Still, it was an impressive rally: we started the day with typical light summer volume; stocks were immediately under pressure from higher Treasury yields and a higher dollar.
Stocks ended flat Monday as a late rally fizzled after the Supreme Court issued a stay, temporarily halting the sale of Chrysler to Fiat.
Plus, get calls on President Obama's stimulus spending, fast food, the Paris Air Show and more.
Stocks are not cheap right now: Alec Young at S&P notes that the S&P 500 is trading at 17 times 2009 earnings, expensive by historic standards.