The Troubled Asset Relief Program, commonly known as TARP, will cost the U.S. government about $50 billion, far less than originally anticipated but not quite enough to allow the government to break even on the controversial bailout, CNBC has learned.
Stocks reverse after strong September. Volume picked up a bit in the S&P 500 ETF (SPY) a short while ago as the S&P dropped below 1140, which was the lows of yesterday (this is called an outside reversal day). What's going on? Several issues...
White House Chief of Staff Rahm Emanuel will depart his post to run for mayor of Chicago, and NBC News reports that he will be replaced by Senior Adviser Pete Rouse.
Even the BP Gulf oil spill disaster hasn't made energy policy a front-burner election issue this year, but there's still lots at stake for voters and the economy.
Stocks inched up after the open Thursday, as the third estimate for Q2 GDP came in at 1.7 percent, slightly higher than consensus. Initial jobless claims for the week were also slightly better than expected. September: stocks and commodities rose, dollar hits lows for the year.
More people signed up for Medicaid last year than at any time since the program's inception, as the recession wiped out jobs and workplace health coverage.
As the political battle heats up, however, it has also veered into a more basic matter of fairness, whether a person who earns more than $200,000 a year should be taxed at rates similar to those who make $5 million, reports The New York Times.
Stocks are set to close out the third quarter with the best quarterly performance in a year, but traders are wondering what October will bring after September's record-setting performance and outsized moves in commodities, bonds and the dollar.
China is absolutely right in resisting calls from the U.S. to revalue its yuan, said Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management, noting that this is a "very U.S. dollar-centric" world.
S&P futures were fairly flat Wednesday and pointed to a slightly lower open as European stocks are around the unchanged line in midday trading. But one thing has been quite evident, the dollar trade continues to hold. Stocks continue to move inversely to the dollar’s intraday movements — a correlation traders observed all day yesterday, too.
The best news is that both the White House, the US Treasury and the US Chamber of Commerce are against this Chinese trade legislation. However, President Herbert Hoover was also against the 1930 Smoot-Hawley Tariff bill, but eventually signed the legislation.
The Obama administration is pressing aggressively for a deal to end its support of the insurer and hopes to have a completed plan to announce by next week, the NYT reports.
A down day for the dollar is basically now an up day for everything else. That was Tuesday's trade, and it could be well be Wednesday's trade.
A 53 percent majority—up from 46 percent three years ago and 30 percent in 1999—believes that trade agreements have hurt the U.S. overall, a new poll from NBC News and The Wall Street Journal finds.
Echoing comments made earlier this morning by IATA about lower air traffic, the American Trucking Association (ATA) reported a slowdown in trucking last month. The ATA reported total trucking tonnage fell 2.7 percent in August, the biggest month-to-month decline since March 2009.
There may be a new normal coming to Wall Street. It’s called: bad news on the economy opens the door for so-called good news on the Fed’s latest rescue mission to increase its balance sheet and pump up the money supply. I guess it’s QE2 or QE1.5. Whatever.
The Dow dropped about 40 points or so after a disappointing September consumer confidence number. But meanwhile, in Asia...
It is still early for that process, but I am told that roughly 20 firms have signed or have indicated they will sign confidentiality agreements.
U.S. stock futures and European stock markets were fairly flat Tuesday morning, despite a number of concerns across the Atlantic. One such concern: S&P warned that Ireland’s debt could be cut once again, citing rising costs of recapitalizing Anglo Irish Bank. Then there's Spain and Portugal.
The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.