The leaders of the U.S. Senate Banking Committee outlined plans for legislation to wind down mortgage financiers Fannie Mae and Freddie Mac.» Read More
Geithner's got a coach! hat's what a lot of traders are saying about his testimony. Remember the Geithner curse, a follow-up of the Paulson curse: every time they open their mouths, the market drops.
Last Friday, in another memorable edition of the cable news sensation known simply as "Options Action," Mike Khouw of Cantor suggested selling Humana's March 22.5 puts for a short-term bullish to neutral play on a beaten sector.
While everyone applauds the openness of the new administration, there are serious unintended consequences to their policies, says Andrew Busch.
The U.S. stimulus package may pack a big punch in the current crisis because households and businesses struggling to get credit are more likely to spend the money, a top White House adviser said Tuesday.
Hope that the TALF will finally get launched is the main story this morning. $200 Billion in initial financing from the Fed for private entities to purchase asset backed securities like credit card, auto, and student and small business loans.
If jobs weren’t enough to worry about in this recession, for many Americans there’s the added pressure of being able to afford retirement. The relentless decline in stock and home prices is destroying household wealth big time.
No doubt the president’s hopes for this country are noble, but right now they’re killing the markets.
If one doesn't agree with my opinions....I can respect that. It is very American to disagree. It is very UN-American to belittle or ignore the FACTS, freedom of the press, freedom of speech, or the voices of millions of Americans that demand better answers, more transparency, deeper accountability, and the simple idea that our elected officials represent all Americans.
The Dow Jones Industrial Average hit its lowest level in 12 years, slipping below 7,000, then 6,900 and then 6,800, as another bailout of insurance giant AIG stirred fear about the stability of the financial system.
President Barack Obama named Kansas Governor Kathleen Sebelius to lead his ambitious health reform effort on Monday, kicking off a week focused on revamping an inefficient healthcare system whose cost he fears is hurting the U.S. economy.
The Dow Jones Industrial Average opened at its lowest level in 12 years, slipping below 7,000 as investors grew increasingly skittish over the state of the stock market amid the wave of government bailouts.
The new team in the White House now owns a challenging and complex mix of banking, economic and social issues.
This Australian company is probably the best play on China’s new stimulus plan, Cramer says. Even better, though, is that the White House can’t touch it.
Investors should hang in and make money where they can, Cramer says. Here are the few places he thinks that is possible.
Let me be very clear on the economics of President Obama’s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
The Obama administration is trying to walk a public relations tightrope in aiding the banking industry.
With the news this bad and uncertainty this high, Joe Terranova is starting to think that maybe the bottom is near.
Even though nearly every analyst this morning is saying Thursday's bloodbath was an overreaction, investors are continuing to sell biopharma stocks in the early going Friday.
The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters, the New York Times reports.
In the latest sign that Obama-mania continues to grow, a musical based on the new US president will make its debut next week in London.