CNBC's Steve Liesman shares a preview of his interview with President Obama on Thursday on CNBC.» Read More
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Once again, a nugget of economic news came in better than expected: February durable goods came in up 3.4 percent, stronger than the decline of 2.5 percent expected. It was the first reading that wasn't negative since September, although January numbers were revised downward.
Futures advanced Wednesday after an unexpected rise in durable-goods orders snapped a six-month slide.
President Obama will talk about the economic stimulus plan in tonight's primetime news conference, but the very networks he's using to reach the American public are getting the opposite of a stimulus.
Today's action is perhaps not surprising. It was encouraging for most of the day because even though stocks were weak at the outset, there was no concerted selling effort, despite yesterday's huge rally.
Stocks came off their lows as the House hearings with Geithner and Bernanke began about 10:30 ET, and improved throughout the morning.
President Barack Obama said Tuesday he hopes "it doesn't take too long to convince Congress" to approve new authority to oversee big, tottering financial firms.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalse We've spent the better part of this financial crisis going Joan Crawford on our financial institutions. We've locked them in closets, taken away their dessert, and issued verbal spankings, writes Tony Fratto.
The S&P 500 rose 6.6% yesterday in reaction to the details of Treasury's plan, called the Public-Private Investment Program (PPIP), to help banks rid their balance sheets of problem assets.
President Barack Obama urged fellow G20 leaders on Tuesday to agree immediate action to boost the global economy at a London summit next month.
Not a big surprise we are seeing modest profit-taking this morning. Big European banks are down mid single-digits.
Cramer applauds Obama for taking much-needed action – actions the Mad Money host has been cheerleading for some time.
These companies will tell us whether or not Monday’s rally was real.
In this Web Extra, the traders talk President Obama's primetime's news conference, as well as Carnival earnings, Williams Sonoma earnings and more!
The Federal Reserve should play a "central role" in preventing future financial crises like the one now gripping the country.
Stocks pop on news that investors can get a sweet deal with the public/private partnership, and Goldman Sachs pops when the WSJ says it might pay back all or part of the TARP money by selling part of its $7.5 billion stake in Chinese bank ICBC!
Treasury Secretary Timothy Geithner told CNBC that the government's highly-anticipated plan to deal with troubled mortgage loans and assets is just the latest effort to stem the financial crisis.
Treasury Secretary Geithner told CNBC that the government's highly-anticipated plan to deal with troubled loans and assets is just the latest effort to stem the financial crisis.
CNBC's Erin Burnett interviews Treasury Secretary Tim Geithner.
The government's latest effort to stabilize the financial system centers on public-private investment funds that will buy up to $1 trillion in troubled loans and securities at the heart of the crisis.