President Obama may want to start listening to his critics if he doesn't want to cost Democrats the Senate, Politico's Ben White says.» Read More
The Obama administration wants government to have a say in how financial institutions pay their employees and is working to change Wall Street practices so that compensation is more closely tied to performance over time.
I spoke to the annual meeting of the Central Fabricators Association in Chicago which is a trade association serving structural steel fabricators across 13 states. This is smart, tough group that is the backbone of construction in the United States from buildings to bridges. They generally lag the downturns in the economy due to large backorders, but they are critical indicators of returning growth when they see their orders rise.
Senators are considering limiting—but not eliminating—the tax-free status of employer-provided health benefits to help pay for President Barack Obama's overhaul plan and provide coverage to 50 million uninsured Americans.
It appears the White House may be facing a serious clash – but this hot spot is nowhere near the Middle East.
Since President Barack Obama's election in November, followed by the passage of a new U.S. economic stimulus package, and China's own stimulus plan, the tech, consumer discretionary, materials and telecom sectors have all had positive gains. Here are some of the biggest winners.
Consumers behind on their credit-card payments could regain their older, lower interest rates if they pay their bills on time for six months, according to a compromise reached by lawmakers seeking changes in federal law governing the credit card industry.
President Obama portrayed the health care industry's promise to cut $2 trillion in costs over 10 years as "a watershed event" in the search to help millions of uninsured.
The S&P 500 slipped down into negative territory by midday Monday driven by heavy profit taking in the financial services sector. How should you be trading?
Futures are weak as commodities and commodity stocks are down, along with some financials which have announced secondary offerings today.
President Obama’s top antitrust official this week plans to restore an aggressive enforcement policy against corporations that use their market dominance to elbow out competitors or to keep them from gaining market share.
President Obama's plan to provide medical insurance for all Americans got a boost Sunday after the health care industry offered to trim rate increases by $2 trillion over 10 years to help pay for the program.
Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial Day that would put a tighter rein on the credit card industry.
The group of dissident Chrysler bond holders challenging Chrysler's government-backed restructuring plans, said Friday that it is dropping its court fight.
President Barack Obama said Friday there have been "somewhat encouraging" improvements in the country's stricken labor markets, but the rate of joblessness is "still a sobering toll."
Employers are letting up a bit on the mass layoffs they resorted to earlier this year to cope with the recession, but the unemployment rate is climbing.
Morgan Stanley down 6 percent after the close, Wells Fargo down 4 percent as capital raises are announced.
Hat tip to my friend Michael Barone, who coined the term “gangster government” to describe Team Obama’s bullying threats against the senior bondholders in the Chrysler bankruptcy, where constitutionally backed contract rights have been overturned. It shows the corruptive nature of the whole TARP program and the government’s control along with it. This is corroding the animal spirits of democratic capitalism, which rely on the rule of law.
This may be the pause that so many have been predicting. My trader email this afternoon is full of the following quotes: "profitable trades coming off", "raising cash again," "certainly starting to get more sellers," "people taking profits." Volume is heavy for the third day in a row.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse With the "formal" release of the government's stress tests today - only a formality after weeks of leaks - an overlooked conclusion is this: TARP 1 worked, writes Tony Fratto former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Against the backdrop of President Obama's healthcare reform effort, the main lobbying group for the generic drug industry says the U.S. healthcare system saved nearly three-quarters of a trillion dollars over the past ten years on generic drugs.