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Barack Obama

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  • Healthcare Bill Approved by Second House Panel Friday, 17 Jul 2009 | 10:50 AM ET

    A second House committee has approved health care legislation that President Barack Obama is seeking.

  • Tony Fratto: Paulson's Auto de fé Friday, 17 Jul 2009 | 10:33 AM ET

    Yesterday's testimony by Hank Paulson before the House Committee on Government Oversight was ostensibly billed to review the facts of last year's merger of Bank of America and Merrill Lynch. What it turned out to be - as anyone who follows the ebb and flow big crises in this town could have predicted - was the Washington equivalent of an Auto de fé.

  • JPM's New Worries And China's New Hope Thursday, 16 Jul 2009 | 9:30 AM ET

    Credit issues weigh on JP Morgan. The bank is trading down a bit this morning despite beating on the top and bottom line: $0.28 vs. $0.04 expected, which includes a TARP payment of $0.27 and an FDIC special assessment fee of $0.10; and revenues of $27 billion in revenues topped estimates of $26 billion).

  • Stock Markets Are Up Again Wednesday, 15 Jul 2009 | 12:16 PM ET

    Stocks are roaring ahead again today — up over 150 points — after holding the high ground yesterday and following Monday’s huge rally. Even a sub-par retail sales report didn’t stop retail stocks from posting a 1.6 percent gain.

  • Optimism Increases in Tech Land Wednesday, 15 Jul 2009 | 9:33 AM ET

    Yesterday there were some analyst report circulating that Intel spacer was unlikely to be overly optimistic because the PC food chain was weakening, that recent orders out of Taiwan were weak.

  • SEC Finally Settles Its 'Koz' Tuesday, 14 Jul 2009 | 5:39 PM ET

    We can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company.

  • Where's Our Stimulus? Tuesday, 14 Jul 2009 | 2:03 PM ET

    The back-end loaded stimulus plan passed earlier this year is causing many companies to re-evaluate the impact on their earnings.

  • Cap-And-Trade: Bridge to Economic Disaster? Tuesday, 14 Jul 2009 | 12:56 PM ET
    Sarah Palin

    Outgoing Alaska Gov. Sarah Palin called President Obama's approval of cap-and-trade legislation to counter global warming "an enormous threat to our economy" in a Washington Post op-ed piece Tuesday morning.

  • Pros Say: Financials Still Too Weak for Growth Tuesday, 14 Jul 2009 | 11:36 AM ET

    Stocks limped out of the gate on Tuesday as the first real test of the new earnings season brought mixed results and invetors fretted over inflation concerns. Larger-than-expected gains in producer prices and retail sales for June presented conflicting signals on the economic front. Producer prices rose 1.8 percent on the strength of autos and energy sales, while retail sales were up 0.6 percent primarily, also on the energy-auto movement. Read and listen to what the experts had to say...

  • Will Obama Bounce It? You Can Bet On It Tuesday, 14 Jul 2009 | 9:45 AM ET
    President Barack Obama

    You can bet on everything these days. As evidence, consider this bet that was called to our attention for tonight’s All-Star Game in St. Louis.

  • Jobs Of The Future? Tuesday, 14 Jul 2009 | 9:40 AM ET

    Looking for a job? The Obama administration says it can help. In a report called “Preparing the Workers of Today for the Jobs of Tomorrow,’ the administration highlighted the ‘green’ and healthcare sectors as the fastest growing sectors in terms of employment.

  • Stocks Up Again on Low Volume; Banks Lead Monday, 13 Jul 2009 | 5:02 PM ET

    Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.

  • Stocks Up Nearly 2% on Bullish Bank Sentiment Monday, 13 Jul 2009 | 2:20 PM ET

    Stocks opened in positive territory despite lingering economic concerns, after noted banking analyst Meredith Whitney said the sector is in for at least a short-term gain of 15 percent.

  • Proposed Consumer Protection Agency Gets Mixed Reviews Monday, 13 Jul 2009 | 12:32 PM ET

    The Obama administration has proposed a Consumer Financial Protection Agency (CFPA) that would regulate the fees, penalties, and interest rates for consumer products such as credit cards and mortgages. The administration believes this new agency could enforce disclosure, but do American consumers really need a new layer of regulation?

  • Meredith Whitney

    Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC.

  • Awaiting Earnings And All That Data Monday, 13 Jul 2009 | 9:44 AM ET

    Futures were at the highs of the morning as traders await the heavy number of earnings reports and economic data beginning tomorrow and lasting through the end of the week.

  • Futures Drift as Economic Fears Remain  Monday, 13 Jul 2009 | 8:03 AM ET

    The Dow and the S&P 500 begin the new week at their lowest points in two and a half months - with investors wary about earnings season and the economy. Both benchmarks lost ground for the fourth consecutive week last week, and stock index futures are pointing to more of the same ahead of open.

  • Stocks Log Fourth Straight Down Week Friday, 10 Jul 2009 | 8:07 PM ET

    Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.

  • White House Weighing Assistance for Small Businesses Friday, 10 Jul 2009 | 6:11 PM ET

    The Obama administration is considering different possibilities for assisting small businesses throughout the U.S., reports said.

  • Chevron Drags on Dow; Techs Turn Mixed Friday, 10 Jul 2009 | 1:07 PM ET

    Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.