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Barack Obama

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  • Kneale: Banks Are Dead ... Long Live Banks! Wednesday, 15 Apr 2009 | 8:33 AM ET

    Don’t look now, but those battered banks may just survive after all—if only our federal government would let them get out of jail.

  • Banks Ramp Up Foreclosures: Report Wednesday, 15 Apr 2009 | 7:51 AM ET
    Foreclosed California home

    Some of the largest mortgage companies in the US are stepping up foreclosures on delinquent homeowners, and will likely lead to more Americans losing their homes, the Wall Street Journal reported Wednesday.

  • US Planning to Reveal Data on Health of Top Banks Wednesday, 15 Apr 2009 | 6:14 AM ET
    Wells Fargo

    The Obama administration is drawing up plans to disclose  conditions of the 19 biggest banks in the country, according to senior administration officials.

  • Retail Miss, Bank Worries Rattle Market Tuesday, 14 Apr 2009 | 5:23 PM ET

    Stocks ended near their session lows Tuesday after a report showed retail sales unexpectedly dropped in March and as worries about banks simmered ahead of some key earnings.

  • Farr: Let The Bull Times Roll! Tuesday, 14 Apr 2009 | 11:34 AM ET

    The Stock Market is up over 23% in 35 days. If someone had told you on March 9th as the Dow was trading at 6,547 that ‘you should put your money in the market right now if you want to make 23%,’ what would you have done?

  • 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.