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Barack Obama

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  • Stocks Slide as Retail Sales Disappoint Tuesday, 14 Apr 2009 | 10:41 AM ET

    Stocks opened lower Tuesday after a report showed retail sales unexpectedly dropped — and dropped sharply — in March. But Citigroup, Bank of America and General Motors advanced.

  • Obama's First 100 Days: What He's Done So Far Tuesday, 14 Apr 2009 | 10:30 AM ET

    President Barack Obama is juggling a glass-half-full take on the economy with a determination to not be seen as naive about problems still washing over the business landscape.

  • Busch: President Obama's Economic Update Tuesday, 14 Apr 2009 | 9:55 AM ET

    Today at 11:30 AM ET, President Barack Obama is going to give a "major" speech on the economy. Not waiting for the speech, President Obama's economic adviser Christina Romer already is hitting the morning talk shows and lowering expectations for any "major" improvements in the economy any time soon.

  • A Splash Of Reality Tuesday, 14 Apr 2009 | 9:40 AM ET

    A little bit of economic cold water: Retail sales for March was a disappointment, Producer Price Index saw a big downtick, all of which cost us about 10 points on futures at 8:30 AM ET.

  • Futures Slide as Retail Sales Disappoint Tuesday, 14 Apr 2009 | 8:57 AM ET

    Stock futures retreated Tuesday after a report showed retail sales unexpectedly dropped -- and dropped sharply in March.

  • Obama to Tap Fannie Mae's Allison to Head TARP Monday, 13 Apr 2009 | 8:14 PM ET

    President Barack Obama will tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion Troubled Asset Relief Program, an administration official told CNBC.

  • Web Extra: Cuba Libre? Monday, 13 Apr 2009 | 6:24 PM ET

    On Monday President Obama eased the way for U.S. telecommunications firms to do business with Cuba. How does emerging markets trader Tim Seymour suggest playing it?

  • TARP The Life Insurers? This Is Nuts Monday, 13 Apr 2009 | 5:51 PM ET

    That’s the heartland tea-party message to Washington. Is bailout nation about to strike again? Sure looks like it. According to a bunch of front-page news stories, life-insurance companies are about to get TARPed. This is nuts.

  • Stocks Do Not Want To Go Down Monday, 13 Apr 2009 | 4:02 PM ET

    We saw 3 separate rallies today: 1) Early morning bank rally 2) Midday announcement on Obama economy speech tomorrow 3) Move up in the last hour that brought the major indices into positive territory.

  • Obama "Major Address" Sparks Midday Rally Monday, 13 Apr 2009 | 2:59 PM ET

    Stocks, which had already been coming off their mid-morning lows, rallied further about 1:18 ET when it was announced that President Obama would make a major address on the U.S. economy tomorrow.

  • Scam Artists At Work: Borrowers Beware Monday, 13 Apr 2009 | 2:00 PM ET
    Mortgage

    Last week, while touting the success of one part of the Making Homes Affordable plan, President Obama issued a warning.

  • Obama's First 100 Days: What He's Done So Far Monday, 13 Apr 2009 | 12:31 PM ET

    King Abdullah II will meet US President Barack Obama on 21 April in Washington DC. The meeting will focus on efforts to reach a two-state solution to the Israeli-Palestinian conflict and achieve a comprehensive peace in the region. Talks will also address Jordan-US ties.

  • Taxpayers' Big Refund Plans? Pay the Bills Monday, 13 Apr 2009 | 12:01 PM ET

    Most people say they plan to use this year's tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall.

  • US Captain Held by Pirates Is Rescued Sunday, 12 Apr 2009 | 4:44 PM ET

    The captain of an American cargo ship held hostage by armed Somali pirates was rescued on Sunday by United States Navy personnel, who killed three of his captors, government and shipping officials said.

  • Kneale: The Rescue Plan Needs a Rescue Plan Thursday, 9 Apr 2009 | 11:37 AM ET

    Though they unveiled it three weeks ago to resounding applause on Wall Street, the administration's plan is a Rube Goldberg machine gone awry —too clever and convoluted, rife with potential for chicanery and favoritism.

  • The Call Of Shame Thursday, 9 Apr 2009 | 11:15 AM ET
    Call of Shame

    Short week, long list. Here are our nominees for the lowlights from the realms of the rich, followed by our choice for winner. Vote for your own choice below.

  • Obama's First 100 Days: What He's Done So Far Thursday, 9 Apr 2009 | 11:14 AM ET

    President Barack Obama said Thursday millions of Americans can save money by refinancing their homes and taking advantage of record low rates on fixed mortgages.

  • US Imagines the Bailout as an Investment Tool Thursday, 9 Apr 2009 | 10:07 AM ET

    During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to the aid of their banks — with the added inducement of possibly making some money for themselves.

  • Stress Tests Show Banks May Still Need Bailouts Thursday, 9 Apr 2009 | 7:58 AM ET

    For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened, the New York Times reported.