ACCOKEEK, Md.— Beretta U.S.A. announced Tuesday that company concerns over a strict gun-control law enacted in Maryland last year have made it necessary to move its weapons making out of the state to Tennessee.» Read More
Anxious and angry, Americans are not in a congratulatory mood. That's bad news for President Barack Obama and his Democratic allies.
Dread of potential new financial regulations and late-week risk-trimming raised the anxiety among U.S. traders on Friday, said Wall Street traders and analysts.
On the same day the Gulf of Mexico oil slick contined to spread—while lawmakers were feeding the public live video of the catastrophe—the oil giant BP responsible for one of the country’s worst environmental disasters was lauded as a hero.
The Senate Thursday voted in favor of ending debate on a sweeping packaging of financial reforms, clearing the way for a final vote on whether to approve the legislation as early as Friday.
Sources say there are the 60 votes necessary to end debate on a sweeping packaging of reforms, setting up a final vote on whether to approve the legislation in the days ahead.
U.S. Senate Democratic Leader Harry Reid said he hopes to hold another vote on Thursday on wrapping up debate on a Wall Street reform bill.
After last night’s primary elections, a pipedream came to me: A new tea-party center is forming in the Republican Senate caucus
Senate Democrats are close to holding a final vote on a major financial reform bill but disagreement over a few controversial measures threatens to drag the process into next week.
Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
A major effort by the Obama administration to keep homeowners out of foreclosure may be reaching its limits long before the crisis abates. The New York Times explains.
To the long list of new financial regulations that were once considered improbable but now seem possible, add this one: a tax rule that would treat the investment gains of partners in hedge funds and private equity firms as ordinary income rather than as capital gains.
Investors should "avoid financials at all costs, particularly in the banking sector" because the financial reform bill will restrict credit and hurt earnings, Meredith Whitney told CNBC.
The VAT has been attacked by both the Left and the Right, and I’m sure I’ll hear howls of protest from both sides, but the time for a VAT in the U.S. is coming.
The Senate has approved major items such as too-big-to-fail authority, Federal Reserve audits and larger capital requirements for banks, but major battles still loom.
the economy is in the throes of a V-shaped recovery. I've been saying that for months now. But is this recovery a temporary false dawn, or can we be confident it has legs? Will Washington's deficit-spending and debt-monetization policies be reversed, or is the soaring gold price a true negative signal for the future?
In the latest sign of the zeal in Congress to get tough on Wall Street, the Senate approved two initiatives on Thursday aimed at addressing the role that major credit rating agencies played in the 2008 financial collapse, including a proposal to end the reliance on companies like Moody’s Investors Service and Standard & Poor’s.
The European Cental Bank's bailout package is just a $1 trillion fig leaf covering the problem and a better move would have been to arrange for Greece and Portugal to leave the European Union.
Any assumption that the financial crisis is behind us is way off the mark, as the European Union is just shifting debt obligatoins between the public and private sector and not dealing with the undelying problem.
The three biggest credit agencies are now on the hook—along with eight Wall Street banks—in a probe involving whether they misled investors in toxic, mortgage-backed securities, CNBC has learned.
Over the last year, the Obama administration has pressed forward on hundreds of new mandates, while also stepping up enforcement of rules by increasing the ranks of inspectors and imposing higher fines for violations. The New York Times explains.