The Census Bureau missed a House committee's deadline to provide documents tied to the alleged falsification of unemployment data, the New York Post reported.» Read More
There are signs the brutal pace of job losses is slowing, and the economy could even add some private sector jobs this year. Investors will learn a lot from the May employment report, due at 8:30 a.m. Friday.
With the Obama administration working toward a mid-June unveiling of a sweeping package of regulatory reforms for the financial sector, Congressional Republicans are preparing their own offensive in the coming week.
New U.S. jobless claims fell for a third straight week last week; productivity rose 1.6 percent. What does this herald for the stock markets? Art Cashin, UBS Financial Services director of floor operations, offered his insights to CNBC.
An overarching systemic regulator for the financial sector is needed, said Tim Ryan, president & CEO of the Securities Industry and Financial Markets Association.
Already on Wednesday, investors were counting down to Friday's jobs report, and not much in between matters. Thursday's main events include weekly jobless claims, data on productivity and costs, and monthly chain store sales, which are expected to be weak and show the U.S. consumer remains reluctant to spend.
In an opening statement before questioning GM CEO Fritz Henderson and Chrysler President Jim Press, Sen. Haynes said, "The deal is done." It was a painfully succinct summary of why thousands of auto dealers upset about losing their affiliations with GM and Chrysler are unlikely to find relief in Washington.
Top executives of bankrupt General Motors and Chrysler defended slashing their dealer networks, telling Congress on Wednesday that eliminating more than 2,300 dealerships was crucial to saving the companies.
The “Buy America” provision in the “stimulus” (haven’t seen much of the $787 billion yet) package is causing more and more trouble to U.S. firms that would like to participate, but have “hidden” imports in their products, writes William Dunkelberg, Economics Professor at Temple University.
Testimony from Fed Chairman Ben Bernanke and ADP's employment report are two of the big events for Wednesday.
Perhaps a new breed of speculators is emerging, especially in the condo market, investors with cash and the patience to wait for demographics to catch up with supply, writes William Dunkelberg, Economic Strategist, Boenning & Scattergood.
Washington is asking some painful questions about how to prevent the next financial meltdown. Should it reinvent the Federal Deposit Insurance Corporation? Abolish the seemingly feckless overseer of savings and loans? Grant new powers to the Federal Reserve?
President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.
Cuba has agreed to resume talks with the Obama administration on legal immigration of Cubans to the United States and direct mail service between the two countries, a State Department official said Sunday.
Obama is calling for a sweeping $18 billion proposal covering birth to higher education. It includes reforms for teaching, funds for pre-school programs, college tax credits as well as revamping the college student loan system.
Stocks started the week worried about the weakening dollar but have since developed a case of bond market phobia.
The Treasury market took the government's latest 7-year note auction in stride, compared to Wednesday's wild action.
The recommendations include creation of a new banking regulator and an expansion of powers for the Federal Reserve and FDIC.
Treasury bonds were firmer and trading quietly on Thursday compared with yesterday's wild action, though the market is awaiting the government's 7-year note auction this afternoon.
The stock market is watching the bond market, wary a spike in interest rates will derail a fragile economic recovery and snuff the market's rally.
The big number for markets Wednesday is April's existing home sales, which should tell the story of a weak spring selling season.