WASHINGTON, Dec 9- The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies. The money pumped into the industry came from a $700 billion pool of funds Congress had assembled to shore up the banking system and fight a growing panic on Wall Street.» Read More
Hedge fund legend and investor Julian Robertson told CNBC Thursday that Facebook founder Mark Zuckerberg could be following in the footsteps of Microsoft chairman Bill Gates, who Robertson considers the “greatest American of the century.”
The October employment report is not expected to show much in the way of new job growth, but the euphoria over Fed easing may trump any concern in markets Friday.
Besides the Fed’s quantitative easing, a new buzz from Obama about extending all the Bush tax cuts is driving stocks up nearly 200 points today.
Legendary hedge-fund manager Julian Robertson told CNBC Thursday that no US politician, whether Republican or Democrat, has the courage to make tough decisions that will boost the economy and get the country on the right track.
In what may be the most surprising turn in Tuesday's election, the proposition to legalize the most lucrative industry in the so-called "Emerald Triangle" was defeated by the very communities most likely to benefit from legal marijuana.
When stumping on the campaign trail, the nation's new slate of governors could afford to make sweeping but vague promises about how they'd solve their states' massive looming budget deficits.
The Fed's decision to pump more money into the economy will keep the dollar under pressure and should continue to add fuel to the risk rally.
Striking a conciliatory tone Wednesday, President Barack Obama addressed reporters at the White House in his first public appearance since the Republican Party snatched 60 U.S. House seats in an election rout.
Of the 98 House races tracked by Facebook, the candidate with more "Fans" won 74 percent of the time.
House Speaker-in-waiting John Boehner pledged Wednesday that Republicans will use their new House majority to seek a "smaller, less costly, and more accountable government," and said he hoped President Barack Obama would join them.
It’s hard moving from the boardroom to the cloakroom. Businesspeople jumping into politics in a big way — skipping a run for mayor, state legislature, or even Congress — have a hard time. This election, three former CEOs, all women, all Republicans, failed to close the deal.
The midterm results represented a “repudiation” of the agenda of President Obama and the Democrats, not necessarily a “validation” or Republicans, Rep. Paul Ryan (R-Wisc.), told CNBC Wednesday.
The vote for the Republicans is not an endorsement of the Tea Party or their radical solutions that would privatize Social Security and roll back letting kids stay on healthcare, or for severe cuts in vital programs like Medicare and Social Security.
If the US government doesn’t act soon to reduce the deficit and debt, it will become like Greece in a few years, Sen. Judd Gregg, (R-N.H.), told CNBC Wednesday.
Republicans don’t have a mandate to impose a rigid conservative agenda. Voters want less government and smaller deficits but polls indicate upwards to 80 percent want Republicans to compromise with Democrats to get things done.
California voters said no thanks to a ballot initiative that would have made it the first state to legalize marijuana for recreational use and sales.
Voters swept Democrats from power in the House and strengthened the ranks of Senate Republicans on Tuesday in an election rout that dealt a sharp rebuke to President Obama.
Republicans will win enough seats to take control of the House but not the Senate, NBC News projected. Senate Majority Leader Harry Reid held on to his seat in Nevada. California elected Jerry Brown and Barbara Boxer.
Markets are expected to embrace Republican Congressional victories, as they now count down to the Fed's decision Wednesday on its controversial new monetary easing program.
Republicans will win enough seats to take control of the House, NBC projected, and make big Senate gains in an election rout that delivered a sharp rebuke to President Obama.