President Obama has proposed changing the rules defining when workers get overtime pay, with potentially far-reaching effects.» Read More
Stocks got a quick pop Wednesday after a report showed existing-home sales rose in April but quickly retreated as the previous day's optimism faded and GM stirred anxiety in the market. But tech stocks gained, sending the Nasdaq into positive territory.
John Ulzheimer says an interest rate cap included in the new law would have actually hurt consumers.
Futures pared earlier gains Wednesday to indicate a mixed open for Wall Street as optimism from the previous day's consumer confidence data dwindled and was replaced by anxiety about what looks like certain bankruptcy for General Motors.
The market’s rally today was driven by the strong May consumer confidence numbers released at 10am ET this morning. With confidence building, the hope is that the consumer will start spending again.
Stocks barreled higher Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Following President Barack Obama's nomination of New York Appeals Court Judge Sonia Sotomayor to the Supreme Court, CNBC went to the experts for their opinons on the decision.
Stocks recovered from a lower start Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Here's some background on Sonia Sotomayor, who President Barack Obama chose to succeed Justice David Souter on the Supreme Court Tuesday, and her view of business issues: right/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__GOVERNMENT/supreme_court_building.jpg120015000righttruehttp://msnbcmedia.msn.comAP ASCOTUS ROBERTSWASHINGTONDCUSA632638944000000000false1DCMC105Pfalsefalsefalsefalse
Stocks bounced back from a lower open Tuesday as a broker upgrade on Apple buoyed the Nasdaq. Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports of another missile launch by North Korea.
Stocks jumped sharply higher following the biggest gain in consumer confidence in 6 years. May consumer confidence of 54.9 rose significantly compared to last month’s reading of 40.8 and topped economists’ estimates of 42.6. The latest reading was the indicator’s highest level in eight months.
Look for sweeping legislation covering everything from consumer protection to executive compensation to more hedge fund supervision and the creation of a super regulator.
After 5 days of declines last week for its worst week this year, the U.S. Dollar Index is rebounding modestly today. Concurrently, commodities are giving back 1 percent to 2 percent of last week’s solid gains, while commodity stocks are slightly weaker in pre-market trading.
After a long Memorial Day weekend, futures indicated a negative open for Wall Street Tuesday as reports that North Korea launched missiles caused alarm.
Four months into President Obama's administration and three months after he created the Auto Task Force to find a solution for an imploding auto industry, people are mad at the President.
Stocks moved sideways on light trading today.The President signed the credit card bill this afternoon. Remember the key provisions: 1) Takes effect in 9 months 2) Card companies can't raise interest rates until the balance is sixty days overdue 3) Increases in interest rates due to non-payment can be reversed after six consecutive months of on-time payments.
Plus, get calls on US Steel, Bank of America, Sears Holdings and more.
Within two weeks expect to see GM in bankruptcy. And when the company files, whether it's late next week or Monday June 1st, the road map for a quick creation of a newer, leaner GM will be laid out for the Federal Government to follow. It's the Chrysler bankruptcy which has gone about as smoothly as the auto task force was hoping.
According to the Washington Post, the U.S. is preparing to steer GM into bankruptcy next week, but other sources say they have no plan to do so-next week.
The credit-card overhaul that President Obama will sign into law Friday is expected to trigger a broad restructuring of how credit cards are priced, managed and marketed.
Who said most defense stocks don’t work under this president? Well, Cramer did, but this company has proved him wrong.