July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.» Read More
The message of the markets has been clear since the open: without stability in financials it will be difficult for the broad market to stabilize. We are again on the verge of a 90 percent downside day, the second since last Wednesday, which is when the Bank Index broke to new lows.
President Obama's inauguration speech hits on key themes says bond expert Tony Crescenzi.
The Street believes that "good bank/bad bank" is inevitable. The horrible performance of the banks today indicates that the TARP, so far, is not working and some other approach needs to be taken.
I've been standing on Constitution Avenue since about 4AM, thinking about what our new President will do for America's battered housing market once he moves into HIS new house. As I waded into the crowd, my first question to each reveler I stopped was: "What should President Obama do first?"
Stocks are due for an oversold bounce. Where is it? Bears--which are pretty much everybody on the Street these days--point to one culprit: financials and the lack of stability.
No, Obama was not my choice. No, I don’t believe that he is at the present moment a centrist, though history may teach him to be. I’m proud because America showed that she really meant it when she said she want a color blind society.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
Today is an historic day for the United States as we inaugurate our 44th president Barack Hussein Obama. To say that the world holds it's collective breath today is an understatement.
Thank you, President Bush. As you leave office, the polls may leave you somewhat disheartened and even a bit sad. AND - Thank you, President Obama. As you enter office, the polls must make you smile a bit, even though you hardly seem like the bragging type.
Like a Clint Eastwood spaghetti western, the alliance between Chrysler and Fiat is an intriguing piece of work that leaves you scratching your head.
The Dow Jones Industrial Average could sink towards 7,500 points if it doesn’t start to rise very quickly, Sandy Jadeja, chief market strategist at ODL Securities, told CNBC.
Barack Obama will become the 44th President of the United States on Tuesday. Ahead of Obama's inauguration, global stocks were mixed on investors' concerns about the economic difficulties confronting the incoming president. Experts on CNBC expect the dollar and U.S. stock market to fall on Obama's induction.
Less than a month from today, GM and Chrysler will have to give the federal government an update on how they are doing in restructuring their companies.
The selloff in Bank of America and Citigroup may just be the beginning. Analysts now are predicting that the same problems hitting those two big banks will soon spread to the entire industry.
For the week: Dow down 3.7 percent, S&P 500 down 4.5 percent, NASDAQ down 2.7 percent. The good news was that, on an options expiration day, most major sectors were to the upside.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
President-elect Barack Obama said Friday that even with a range of economic measures to move the US out of a recession, the economy would likely get worse before it improves.
While bank stocks are getting killed, the cost of insuring their debt is going down, Peter Boockvar at Miller Tabak notes.
If you thought the auto industry and economy might be close to bottoming out and getting some traction, think again. The world's two largest auto makers are sending fresh signs that things will remain as bad, if not worse in 2009.
As President-elect Barack Obama plans heads into office in a few short days, the nation's governors discuss their key economic concerns in their states—including unemployment and the stimulus package—and what the new president should do to relieve some of the fears of this struggling economy.
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