CNBC's Eamon Javers and Jimmy Pethokoukis, American Enterprise Institute, discuss the political fallout if President Obama blocks tax inversions on his own.» Read More
Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped 60 percent, trading above $6 a share.
The government eventually will have to pony up $1 trillion in economic stimulus to get the country out of its economic slump, said CV Starr CEO Hank Greenberg.
Since Thursday, the incoming Team Obama (TO) has been hard at work and they have been listening to what the markets have been saying.
U.S. stocks looked set for a positive start to the week Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup.
U.S. President-elect Barack Obama may consider delaying a campaign promise to roll back tax cuts on high-income Americans as he works on a huge stimulus plan to counter the worst economic crisis the world has faced in decades.
Many financial assets across the world are looking cheap after the market ructions of the past year but investors in general have yet to rediscover the impulse to buy.
President-elect Barack Obama will announce the leaders of his economic team Monday, naming Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said.
U.S. President George W. Bush, Chinese President Hu Jintao, Japanese Prime Minister Taro Aso and other members of the 21-nation Asia-Pacific Economic Cooperation group, or APEC, said they would refrain from raising trade barriers over the next 12 months.
U.S. President-elect Barack Obama said Saturday he was crafting an aggressive two-year stimulus plan to revive the economy, warning that swift action was needed to prevent a deep slump.
There's one specific decision, Cramer believes, that President-elect Obama can make that would have immediate positive effects and "restore stability and credibility to our stock market" -- without costing a dime! It could even stop the "endless incredible pummeling of stocks." What's this miracle move, you ask? Simple: he should replace SEC Chairman Chris Cox.
Here's our Fast Money Fast & Furious trades. A look ahead at what will be moving the markets on Monday.
With the market appearing to pop right after the news of Timothy Geithner taking over for Hank Paulson as Treasury Secretary in the upcoming Obama administration, what exactly does the market like about the pick.
In the past we've had some harsh words about Tim Geithner, the President of the New York Fed and now Barack Obama's choice to head the treasury department. As Jim said on tonight's show, however, we're going to keep an open mind and give Geithner a chance. Jim predicted Geithner would get tapped for Treasury, and though we had hoped for someone else, we're giving Geithner the benefit of the doubt.
The choice of Timothy Geithner to be the next Treasury Secretary was greeted enthusiastically on Wall Street and sparked a huge rally in stocks.
A spokesman for Hillary Rodham Clinton says the New York senator is still in discussion over whether to accept the secretary of state's job, though the talks are "very much on track."
Hillary Rodham Clinton has decided to give up her Senate seat and accept the position of secretary of state, the New York Times reports.
U.S. President-elect Barack Obama is on track to nominate Hillary Rodham Clinton as secretary of state after Thanksgiving, CNBC's John Harwood confirmed Thursday.
Who will be the next Treasury Secretary? The debate and speculation continues.
There is a void in government leadership in the United States. As we know, Congress doesn't fill it very well and outgoing Bush administration is hamstrung by a new incoming administration
You could hear the screams on Wall Street (and perhaps a few sighs of relief that the bloodletting was over -- for today at least) when the Dow closed down 427 points -- to a level BELOW 8,000 for the first time in over five years. The market's in "critical condition," says Cramer, and likens it to a "hospital emergency room."