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
Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.
President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.
The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay changes for approval by a new federal official who will monitor compensation, according to two government officials.
President Barack Obama wants agencies to lay out specific goals for economic stimulus spending over the next several months, a push to focus more on his $787 billion recovery plan.
Find out why insiders at this school-loan company are buying tens of thousands of shares at a time.
Plus, a diversified portfolio that is perfect for this market.
If you are confused by the action today, you shouldn't be. Biggest question is, why aren't stocks up more because the nonfarm payroll data was better than expected?
The stronger-than-expected US employment report combined with the comments of two Fed officials in the past 24 hours (Hoenig and Lockhart) about not waiting too long to hike rates has seen the Fed funds futures sell-off sharply.
The dollar is rallying, hurting commodities and commodity stocks. Why is the dollar rallying? Better economic news implies higher rates, which makes the dollar more attractive as an investment. A higher dollar means dollar-denominated commodities are more expensive to buy.
Testifying before the House Budget Committee this week, Ben Bernanke said that when the time comes, the Fed will raise interest rates in order to stop inflation from building in the next recovery. He also asked for “fiscal balance” to sustain financial stability.
I find myself wondering, based on the evidence the SEC is offering up in its complaint, whether the agency is poised to come after many other firms that failed to alert their shareholders to the risks they were taking in the mortgage market.
With the Obama administration working toward a mid-June unveiling of a sweeping package of regulatory reforms for the financial sector, Congressional Republicans are preparing their own offensive in the coming week.
An overarching systemic regulator for the financial sector is needed, said Tim Ryan, president & CEO of the Securities Industry and Financial Markets Association.
Fed Chairman Ben Bernanke, in his testimony to Congress yesterday, sounded the alarm bell for political leaders to put in place a plan to restore balance to the nation's fiscal books.
ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k. The good news is that the level of job losses has clearly stabilized; the bad news is that we are still not seeing much of an increase in hiring. Bottom line: unemployment rate will continue to rise, at least in the near future.
President Obama’s plan to beef up cybersecurity will likely boost providers of such technology. But experts have doubts about the long-term benefits.
Financials are again lagging the overall market...and Barclays is one of the main reasons. After holding a stake for only 7 months, an investment firm controlled by the Abu Dhabi royal family has sold a huge stake in Barclays...at a handsome profit.
After nearly twenty years in Washington I thought I've seen every trick ever conceived, but the White House claims of "jobs saved" attributed to the stimulus bill is unrivaled, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
The Fed has said banks must tap the equity market before anyone gets approval to return TARP money so...banks are again out raising money.
Stocks soared Monday as investors were encouraged by economic reports out of China and the U.S. and breathed a sigh of relief that General Motors finally filed for bankruptcy protection.