The new bipartisan budget deal will be approved, but not everyone is going to be happy about it, Rep. Tom Cole, R-Okla., predicted on CNBC Wednesday.» Read More
US stock index futures were flat Thursday as investors digested the Obama Administration’s changes to financial regulation and looked toward key economic reports including jobless claims.
Market manipulators are bound to find a way around sweeping reforms proposed for the financial services system, hedge fund manager James Chanos told CNBC.
One stock in particular should benefit now that Washington’s plans are coming into focus.
President Obama's approval rating eased by five points this spring as Americans worried about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.
The big winner of the Obama financial-regulation plan appears to be the Federal Reserve, which becomes the consolidated supervisor of large, systemically important banks.
US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say
Stocks ended flat Wednesday as tech and consumer stocks rebounded but banks dragged after a credit downgrade on more than a dozen companies.
Financials had everything thrown at it: the President's Financial Regulatory Reform proposal was unveiled, all 80 pages of it, and Standard and Poors lowered their ratings and outlook on 22 banks this morning.
If you were a hedge fund manager and had a few good years and raised a decent chunk of change off of that performance and made a few hundred million or even a billion dollars as a result, what would you do when times got tough?
National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies
We had a neat little segment from John Harwood's interview with President Obama yesterday that went a little viral.
The financial overhaul expands the Fed's powers but also restricts them, underscoring the central bank's awkward role in bank regulation and the economy.
Stocks ticked higher Wednesday as consumer stocks rebounded after a tame inflation reading but banks still dragged after credit downgrade. FedEx skidded after it issued a weak outlook.
Regulatory reform: little consensus on how much -or what kind- is needed. As the President unveils his financial regulatory reform proposal, Standard and Poors chose this morning to bluntly state that this was one of the reasons they lowered their ratings and outlook on 22 banks this morning:
Following are President Barack Obama's prepared remarks on the proposed financial regulatory reform plan.
Stocks turned mixed Wednesday as investors digested a tame inflation reading against a weak outlook from FedEx. Banks dragged after a credit downgrade.
The r-word has become a rejoinder to anyone who says that this country must reduce its runaway health spending, especially anyone who favors cutting back on treatments that don’t have scientific evidence behind them. You can expect to hear a lot more about rationing as health care becomes the dominant issue in Washington this summer.
The regulatory reform package provokes concerns about big government, but others on Wall Street said it could help prevent a repeat of the financial crisis.
Futures pared their losses Wednesday after a tame inflation reading. Futures had started off the day on negative footing after FedEx delivered a lower-than-expected outlook and a report showed mortgage applications plunged last week. FedEx said its earnings outlook was lower than Wall Street anticipated.
President Barack Obama is set to unveil his plans to overhaul financial regulation Wednesday in a bid to address the causes of the current financial crisis and prevent the same from happening in the future.