Physician assistants and registered nurses will play a greater role in treating routine illnesses, said one of the Obamacare architects.» Read More
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.
Following President Barack Obama's nomination of New York Appeals Court Judge Sonia Sotomayor to the Supreme Court, CNBC went to the experts for their opinons on the decision.
President Barack Obama tapped U.S. Circuit Judge Sonia Sotomayor for the Supreme Court on Tuesday, making her the first Hispanic picked to wear the robes of a justice.
Here's some background on Sonia Sotomayor, who President Barack Obama chose to succeed Justice David Souter on the Supreme Court Tuesday, and her view of business issues: right/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__GOVERNMENT/supreme_court_building.jpg120015000righttruehttp://msnbcmedia.msn.comAP ASCOTUS ROBERTSWASHINGTONDCUSA632638944000000000false1DCMC105Pfalsefalsefalsefalse
Look for sweeping legislation covering everything from consumer protection to executive compensation to more hedge fund supervision and the creation of a super regulator.