Some of the most powerful members of the business and investing community think the American economy is going to be just fine.» Read More
Our Erin Burnett spoke with several bank CEOs as they emerged from a meeting with the President. While no hard news was made, the level of contentiousness seems to be much lower.
left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/fratto_t_100_2.jpg1100100010lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalsefalsefalse The Obama Administration is ending a positive week for them by bringing to the White House a group of big bank CEOs and today's meeting is a smart and powerful tool for the White House in trying to achieve their policy and message goals.
As we approach the end of a tumultuous quarter, it's time to do the bull-bear thing. First, a quick stat: Laszlo Birinyi noted this morning that the S&P 500's gain of more than 20 percent in a few days in March was the quickest 20% gains since 1938!
President Barack Obama will quiz top U.S. bankers Friday about developments in the economy and their businesses as his administration seeks broader authority to regulate the financial system.
Stocks moved on three events today: 1) better than expected earnings from Best Buy, ConAgra, and Dr. Pepper, 2) a better than expected 7-year note auction has alleviate demand concerns, and 3) continued pressure on short sellers.
How in the world do Wall Street and Washington restore trust with the American public? It's a question both sides have wrestled with for months. But we're tackling it tonight on our CNBC special, "Restoring Trust: How to Fix America's Economy."
Did someone give the House of Representatives reasonableness pills? Treasury Secretary Geithner is testifiying in front of the House Financial Services Committee...his primary topic is tougher oversight of the financial system, but he is also touching on hedge fund regulation and the need to get credit default swaps on a regulated exchange.
If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.
The Obama administration’s economic recovery plan and proposed budget has lots of things for small and closely-held businesses – almost all of them bad, writes author Wayne Rivers.
Yesterday, we had some questionable reporting on US Treasury Secretary Geithner's comments on the US dollar.
The Obama administration has unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
The desire of many banks to give back TARP money—and the lack of a process to do so—is again a topic of converstation on trading desks this morning.
Treasury Secretary Tim Geithner will unveil a four part plan to reform financial regulation when he testifies before the House Financial Services Committee Thursday.
A real-life example of the stimulus bill at work, putting people back to work.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
President Obama has spent much of his first 65 days in the White House all but inciting a riot on Main Street by torching its abundant anger at Wall Street.
The pace of economic deterioration has started to slowdown in some areas, said Treasury Secretary Timothy Geithner on Wednesday.
There are a lot of mixed signals in the markets today. Stocks have sold off midday on some disappointing over the 5-year auction, and comments from Moody’s on Wells Fargo.
U.S. Treasury Secretary Timothy Geithner on Wednesday said he will soon outline proposals for new, tougher requirements on major financial firms to protect the financial system and new rules to prevent financial fraud and abuse against consumers and investors.
So traders were again buzzing this morning over word that Ken Lewis, in an interview with the LA Times, said he wanted to repay the $45 billion Bank of America got in TARP money beginning next month.