The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when it was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC.
AIG’s share price has now advanced more than 100% during the week. While it was a short squeeze that contributed the bulk of that move, today’s upward tide is due to a belief that AIG has found some stability in its business.
The Obama administration's foreclosure relief plan is off to a slower-than-expected start, with some of the biggest financial firms showing poor participation rates.
The Treasury Department on Monday reduced its borrowing estimate in the current July-September quarter by $109 billion, some rare good news about the government's financial needs.
The Obama administration wants to shame the mortgage industry into doing a better job of helping borrowers avoid losing their homes to foreclosure.
Stocks ended slightly lower Tuesday, though the Nasdaq eked out a gain. And Citigroup shares soared.
Ben was superb. He knew he had to deliver a strong message and not get bogged down by the often inane questions of our political elite. The best way to get your point across is to tell them what you're going to say, say it, and then tell them what you said. Even Congressman might hear the message.
Don't be so sure that the next bull market has found its footing. According to Richard Bernstein the bulls have missed something critical.
China's sovereign wealth fund has taken about 1 percent in drinks group Diageo, in a move which an analyst said is a sign the country is diversifying away from the US dollar.
With bondholders coming to the rescue of troubled commercial lender CIT Group, and not the government, a new reality is setting in for investors. With federal bailouts drying up and the economy still in distress, many more financial firms could face bankruptcy. When they do, it will be major private lenders that will have to decide whether to rescue the companies or allow them to fail.
Both government and industry have experienced a steep learning curve in battling foreclosures, but two years into the crisis, greater flexibility and more effective measures are combining to produce early signs of improved results.
The first days of earnings season seem to have lit a fire under the stock market, but investors are wondering if this week's rally is for real or just a bunch of smoke.
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.