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.
Stocks opened slightly higher on Thursday after a report showed jobless claims fell last week. Meanwhile, nonfarm productivity rose 1.6 percent in the first quarter, compared to the initial estimate of 0.8 percent and the 0.6 percent drop in the fourth quarter. Read and listen to what experts had to say…
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.
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week but the gains were offset by the retail surprise: three-quarters of retailers reporting chain-store sales this morning missed their targets.
Stocks opened slightly higher Thursday after a report showed jobless claims fell last week.
Stocks were headed for a flat open after futures pared gains on dismal sales reports from some of the nation's largest retailers.
More than three months after the Obama administration outlined a new program aimed at rescuing millions of distressed homeowners by compensating banks that modify mortgages, confusion, frustration and limited assistance are widespread.
Banks are desperate to get out from under the onerous restrictions imposed by the government. And they’re willing to move mountains to do it!
On Tuesday the traders were closely watching bank stocks drag down gains in the broader market. If banks go south will stocks follow?
April pending home sales of existing homes - which measures contract signings--stronger than expect - April, up 6.7 percent, much better than expectations of a gain of 0.5 percent.
Stocks soared Monday as investors were encouraged by economic reports out of China and the U.S. and breathed a sigh of relief that General Motors finally filed for bankruptcy protection.
As the financial crisis entered one of its darkest phases in October, a handful of the nation’s largest banks began holding daily telephone sessions. Murmurs were already emanating from Washington about the need for a wide-ranging regulatory overhaul, and Wall Street executives girded for a fight.
This mortgage lender could generate big returns when the sector turns up.
Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May. Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.
Stocks rose on Friday, capping their third straight monthly advance, as energy bulls drove the stocks market higher.
Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
Are you smarter than a fifth grader? If you’re talking about the stock market, probably not.
Gold and oil prices each climbed to multi-month highs Friday; first-quarter GDP contracted less than initially reported and consumer confidence rose — and GM shares dropped below $1 as a bankruptcy deadline draws closer. What does it all mean for the stock market? Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights.
Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
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.