The NSA has begun winding down its collection and storage of U.S. phone records after the Senate failed to agree on a path forward.» Read More
Stocks snapped their winning streak Thursday, sliding at the open as investors cashed in their bank chips.
Estimating how effective the huge program of tax cuts and spending will be in getting America’s economic engines humming again is a far more complex calculation requiring almost line-by-line scrutiny of the 647-page bill, lawmakers, the New York Times reports.
The New Deal was actually a combination of socialism and cartelization of industry with price controls and failed to stimulate growth and helped plunge the economy into the "Depression within a Depression" in 1937, says Andrew Busch.
US stocks looked set to reverse the week’s winning streak at the open Thursday, despite the progress of the $825 billion stimulus package and optimism over the “bad bank" plan.
What's the remedy for Bono-fatigue? The world's foremost martial arts action movie star--Jet Li.
The Chinese economy will stage a "quick rebound" of economic growth, but the US has a tougher job, facing the loss of $1 trillion in consumption, Zhu Min, executive vice president of Bank of China, told CNBC.com.
"If it looks like a bank and quacks like a bank, we've got to capitalize it as a bank," FSA Chairman Lord Adair Turner tells CNBC.
Nucor's Dan DiMicco answered that question in an interview with Cramer. Find out what the CEO had to say about Obama's stimulus, the new president's plans for infrastructure spending and more.
The new president's plan to rescue the financials is great news. But investors shouldn't race to buy stock in the companies who have their hands out.
After gathering with President Barack Obama and other CEOs to discuss the economy and the business environment, Google's CEO Eric Schmidt told CNBC that the overall message of the meeting was that the federal government must “act quickly,” and he believes Obama has a clear understanding of what's needed.
Moving with remarkable speed, the Democratic-controlled U.S. House of Representatives approved $819 billion in spending increases and tax cuts at the heart of President Barack Obama's economic recovery program.
Stocks ended at session highs Wednesday, led by banks, amid enthusiasm for this so-called "bad bank" plan and as the $825 billion stimulus package neared approval.
The Fed was very gloomy in its Open Market Committee statement today. It suggested a gradual recovery could begin later this year, although there are plenty of downside risks.
Stocks held onto a nearly 200-point gain Wednesday after the Federal Reserve issued its statement on the economy.
The longer Congress deliberates, the worse things get and the harder they become to fix. That means, all else equal, every day we wait, the stimulus plan becomes worse.
Repairing financial markets will require governments to remove bad assets from banks, said Laura Tyson, an economic adviser to the Obama administration...
Obama used his talks with business leaders to keep up a lobbying campaign for passage of his economic plan, which could be the signature domestic initiative of his first term as he struggles to deal with the worst financial crisis in decades.
Stocks shot out of the gate Wednesday as lawmakers prepared to move ahead on an $825 billion economic stimulus plan and banks got a boost from this so-called "bad bank" plan.
President Barack Obama's $825 billion package is headed toward passing in a sharply divided House of Representatives on Wednesday.
Like snow in Chicago, the good news just keeps falling today for the equity markets. That's right, I said good news, says Andrew Busch.