Here comes the corporate earnings season, and there's no doubt it will be more important than most. Alcoa's after-the-bell report Wednesday signals the start of the second quarter reporting period, which traders say could be a turning point for a very tentative stock market. Read More
As the summer wears on and discontent grows, I expect calls will be louder and louder for additional stimulus from Congressional Democrats to put more Americans to work. Read More
When you throw in a short-armed consumer and the massive deleveraging of both households and businesses, an ugly fiscal picture begins to take shape with deficits exploding beyond the already huge projections put forth by the White House. Read More
Stocks declined on Friday as investors shrugged off a surge in consumer sentiment, instead focusing on the fact that consumers are saving their money at a feverish pace. In another encouraging sign for the economy, KB Home reported a wider-than-expected loss but said that the housing decline is moderating. So are the “green shoots” back? Experts discussed the above and more… Read More
Fed Chairman Ben Bernanke testified in front of a House Committee Thursday that he did not put pressure on Bank of America to close the takeover of Merrill Lynch. Unemployment numbers released are showing a weak job market and GDP growth is still in a decline. Read and watch what the pros say... Read More
One of the new terms to come out of the recession is “green shoots.” I couldn’t help but think about that yesterday as the Fed released its latest statement about the economy and said it would leave interest rates unchanged. Read More