Some of the most powerful members of the business and investing community think the American economy is going to be just fine.» Read More
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse Officials on both sides of the Atlantic hope the regulatory differences can be bridged over time, but by blazing the trail first and with hardened emotions, Europe is attempting to put itself in a stronger position.
US stock index futures turned lower ahead of the open Tuesday after key corporate earnings sounded a note of caution for investors.
White House and Treasury officials are now talking about turning government TARP loans into common stock for the 19 biggest banks. It’s clearly a backdoor path to nationalization, as Uncle Sam would be the largest shareholder in these institutions. What’s more, it’s not at all clear that the administration will even let certain banks pay down their TARP loans.
Stocks ended sharply lower Monday as Bank of America earnings and stress-test buzz dragged down financials. The Dow lost about 290 points, or 3.6 percent. The tech-heavy Nasdaq shed nearly 4 percent and the S&P 500 tumbled 4.1 percent.
Despite the fact that the press representative in Senator Dick Durbin's (D-IL) office tells me "negotiations are still underway," several outlets are reporting that the Senate version of the so-called bankruptcy "cramdown" bill is imminent. The house passed legislation in March allowing bankruptcy judges to modify home loans, with a couple of caveats, the main one being that the borrower had to have exhausted all possibilities for modification with his/her lender.
President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, according to administration officials.
President Obama’s top economic advisers have determined that they can shore up the nation’s banking system without having to ask Congress for more money any time soon, , the New York Times reported.
Stocks tumbled at the open Monday as investors braced for the next batch of corporate earnings. The Dow dropped more than 100 points, or 1.5 percent in the first few minutes of trading. The tech-heavy Nasdaq lost nearly 2 percent.
US stocks looked set to drop at the open Monday as investors braced for the next batch of corporate earnings.
As investors look for signs of an economic turnaround in corporate earnings and stock market performance, concerns still remain over the state of consumers and their willingness to spend as the recession grinds on.
Smaller cities across the country are ordering hybrid buses for the first time, while some of the bigger ones are adding to existing fleets, thanks partly to the government's stimulus package.
Investors with a short time horizon and low tolerance for risk may want to avoid the group, but the patient and the bold may well be rewarded over time.
With big companies like BP, Shell and Iberdrola scaling back investment in renewable energy, analysts say governments need to pick up the slack.
President Obama's speech this week about the economy may have given fresh impetus to a special class of business leader—those looking at the recession as an opportunity in which to strengthen their company.
Top executives of credit card companies will meet Obama administration officials next Thursday at the White House, as the industry faces the possibility of legislation aimed at curbing deceptive practices, sources familiar with the plans said.
Big news today for the banks: The White House and Treasury announced that the economic stress-test results for the 19 largest banks will in fact be made public on May 4.
The Obama administration will disclose details about its banking stress tests and what capital participants may need in a two-stage process beginning next week.
The Obama administration will disclose details about its banking stress tests and what capital participants may need beginning next week, CNBC has learned.
President Barack Obama is calling for the country to move swiftly to a system of high-speed rail travel, saying it will relieve congestion, help clean the air and save on energy.
The Dow advanced Wednesday, boosted by an encouraging "beige-book" report from the Federal Reserve, a better-than-expected manufacturing report from the New York Fed and as Procter & Gamble raised its dividend. Techs remained underwater as Intel's lack of guidance rattled the sector.