Senior U.S. Department of Justice officials overruled internal recommendations to prosecute HSBC for money-laundering violations because of concerns about the stability of the financial system, according to a congressional report. » Read More
Positive comments and a better-than-expected earnings report from tech bellwether Intel could capture the imagination of investors, who have been hoping tech will rescue the earnings season.
There's a lot riding on Goldman Sachs' earnings report Tuesday. Already high expectations for a block buster quarter moved up a notch Monday when usually bearish banking analyst Meredith Whitney put a buy on the stock and said the firm's earnings will show a huge upside surprise.
The Obama administration has proposed a Consumer Financial Protection Agency (CFPA) that would regulate the fees, penalties, and interest rates for consumer products such as credit cards and mortgages. The administration believes this new agency could enforce disclosure, but do American consumers really need a new layer of regulation?
Earnings season should provide a fresh view of the U.S. economy and may shake the stock market out of its summer doldrums.
The Obama administration is considering different possibilities for assisting small businesses throughout the U.S., reports said.
With bad home mortgages on the back burner, the big threat to the economy is now believed to be troubled credit card, commercial real estate and commercial industrial debt.
Investor Wilbur Ross said he has $700 million ready to invest in a mortgage-backed securities offering through the government's Public-Private Investment Program.
The Treasury Department on Wednesday selected nine investment managers, including BlackRock and TCW Group, to operate funds that will buy toxic securities from troubled financial institutions.
No one argues that the staggering deficits run up by the American government in a bid to rescue the economy are desirable, healthy or even sustainable — not if the national debt continues to swell at its current pace. But considerable debate centers on when and how vigorously to start easing off Washington’s borrowing habit, with substantial risks at both extremes, the New York Times reported.
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.
I have long thought the oil market got ahead of itself. The recent strength in the price has been due more to the thought economic recovery was close at hand. As I have been writing, I think that the recovery will come, but not today.
The administration isn't the only one that got flattened by the steamroller that has been our economy recently. Unemployment is at 9.5% and some of you might remember I had a bet with a Soleil director it would level at 8.5%. So much for my predictions.
The Mad Money host has a plan to help US households recover their savings.
The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.
Government officials claim the refi plan has been extremely successful, far moreso, they admit, than the modification program. But clearly it wasn't doing enough, or they wouldn't have widened the parameters of elligibility.
Despite the anxiety around the June employment report Friday, traders say the market's reaction could be muted.
In the weeks just before President Obama took office, his economic advisers made a mistake. They got a little carried away with hope.
Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
The best quarter in 10 years is now history, as investors quickly shift their focus to the promise of a bumpy road for stocks in July.
The recovery in general is spotty. I believe it is underway, but "less-bad" news is losing its ability to inspire stock-buyers. The recession is over, in my mind, but the nature of the recovery is still to be determined.