A stunning acceleration in second quarter growth and a jump in inflation triggered a new round of speculation that the Fed will have to speed up plans to hike rates.» Read More
The complex plan to deal with toxic assets may have answered Wall Street’s questions about shoring up balance sheets but it's raising concerns about funding and oversight.
It says a lot about the intersection of politics and entertainment that President Barack Obama will pitch his economic recovery plan on "The Tonight Show with Jay Leno" tonight. Obama has broken a number of barriers, and now he'll be the first sitting president to make this kind of appearance on late night TV.
There’s growing concern in some circles that the President’s economic policies are confusing massive stimulus with Big Government and will thus deliver a muted recovery in the next year.
The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.
The Obama administration’s hope-and-change show hasn’t played well on Wall Street, but in the last week investors may finally be getting some of what they want and that could bring a happier ending than anyone imagined.
Even as the economy sheds jobs at an alarming rate, there are early signs consumers are getting over the shock of recession and opening their wallets again. "There's pent up demand," says one economist. "Whether it is long lasting is another story.”
For all the US intervention into business and markets, there’s one thing it still can’t do to stop the bleeding in the financial system.
If jobs weren’t enough to worry about in this recession, for many Americans there’s the added pressure of being able to afford retirement. The relentless decline in stock and home prices is destroying household wealth big time.
The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.
If Obama can save the U.S. banking industry, then these are the stocks to buy.
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The big questions for the coming year are how long and deep will the recession be and how it will compare to those of the past.
Obviously what Governor Blagojevich did in Illinois is a crime, but let’s just take a step back and think about what you want in a politician who’s supposed to represent you. If Blagojevich had succeeded in his plan to auction off Illinois’ vacant Senate seat to the highest bidder, who would have won? The person who out-bribed the competition.
With the lame-duck Congress and Bush officials unable to agree on any action to ease the financial crisis, the Dow has plunged 2,000 points since Election Day.
Stocks fell sharply as a layer of uncertainty was removed with the presidential election complete, but anxiety over the economy returned to the market.
Stocks declined Wednesday as a layer of uncertainty was removed with the presidential election complete, leaving the market to return to worrying about the economy.
It was back to business for Wall Street Wednesday. Stocks opened lower as the market got the certainty it craved with presidential election over and returned to the regularly scheduled program of worrying about the economy.
Barack Obama's election victory comes with an albatross of a prize—an economy beset by a stubborn housing slump and the worst financial crisis in 70 years
In his run to win the presidency, Barack Obama spoke extensively of reversing the Bush administration's economic plans and taking the country out of recession.
Where does the future of Health Care lie? In an Obama or a McCain administration? Which is the better option for Americans? Watch the accompanying videos to see what experts say...
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