U.S.-Japan talks aimed at a trade deal seen as vital to a broader regional pact are in stalemate, Japan's economy minister said.» Read More
Today's rally notwithstanding, traders are worried that the whole AIG thing has raised the political risk for the economic recovery.
The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.
The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda, the New York Times reports.
"The G20, Geithner, and Bernanke correctly and calmly point out what has to happen to restore the economy: it depends a lot on the financial system and what to do about it," writes Andrew Busch.
President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses.
Bernanke is scoring big points on Wall Street for his 60 Minutes interview last night - his belief that the recession may end this year, but more importantly he laid out why stabilizing the financial sector is critical and why the government needs to continue to maintain a VERY aggressive approach to the crisis.
There’s growing concern in some circles that the President’s economic policies are confusing massive stimulus with Big Government and will thus deliver a muted recovery in the next year.
The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.
Why wouldn’t they? They’ve made a lot of money during this downturn. But that might be changing now.
With the best week on Wall Street in months, and speculation that Obama may be open to lowering the corporate tax rate, could Obama be winning back Wall Street?
Finally, the new administration is telling Wall Street, "We're pro-business." What took them so long?
The Obama administration’s hope-and-change show hasn’t played well on Wall Street, but in the last week investors may finally be getting some of what they want and that could bring a happier ending than anyone imagined.
President Barack Obama said Thursday the true status of bank balance sheets was not known, and he would act decisively to make sure major banks have enough money to operate.
As we get underway in the US, I have to think back to last week when US President Barack Obama told us all to go long equities. "Buying stocks is potentially a good deal if you have a long term perspective on it."
What a week: Dow up 8.2 percent, S&P up 9.9 percent, NASDAQ up 10.2 percent through Thursday...the best week since November, and only the third weekly advance in the last 15 weeks!
Anyone out there who sees hope in the stock market must be on drugs. And I am: Lipitor and Novasc from Pfizer, Vasotec from Merck, and four other pills, all of which I gobble every day to stop myself from blowing a gasket. So let me say, with some personal pill-popping experience, that this may be a great time to buy drug stocks.
New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.
Even better: Events that could push the Dow up another 1,000 points.
President Barack Obama's ambitious new budget faced bipartisan skepticism Thursday as key senators questioned the administration's long-term budget outlook and the deficits it envisions rising in the middle of the next decade.
Cramer says we should apply the George Costanza theory of opposites to Obama’s solutions for the financial crisis.