Over half of the people in the some of the world's biggest economies are opposed to their government's spending money in stimulus programs, according to a BBC World Service poll published Tuesday.
Reports on consumer confidence and home price data, and the Treasury's $35 billion auction of 5-year notes are events that will be watched by financial markets Tuesday.
President Obama is touting his new small-business bill, but what he doesn't understand is that businesses don't want it.
Progress Energy was halted for 5 minutes due to single-stock circuit breaker rules at 12:57pm ET. But were those circuit breaker rules completely effective? Perhaps there are still some flaws in the system. (Updated)
Midterm election years are usually before-and-after stories for the stock market. "The before is almost always negative and the after is almost always positive," says Sam Stovall of Standard & Poor's. This year, however, could be different.
Progress Energy was halted for 5 minutes due to single-stock circuit breaker rules at 12:57pm ET. But were those circuit breaker rules completely effective? Perhaps there are still some flaws in the system…let’s take a look at what happened this afternoon, in a situation the markets haven’t seen in previous single stock circuit breaker halts.
Given historical patterns and current circumstances—a bad economy—the most likely election scenario is a Democratic rout, but midterms often surprise.
Stocks are sitting at 4-month highs as the Dow is still on pace for its best September since 1939 and its best quarter in a year. How good a month has it been? The Dow has only been down on 4 days in September — the fewest number of days in any month since April 2007.
The co-chairs of President Obama's special commission on cutting the deficit say Social Security is high on the list, so why isn't it front and center in Congressional races?
The elections will leave the Republican Party in disarray on key economic issues. Congressional Democrats won’t be able to identify potential compromises until they know what Republicans want. This will create an opening for President Obama to frame his vision for international economic policy.
For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
Recent election results illustrate the old political adage: A good economy is no guarantee for election victory but a bad one more often than not brings defeat. The 2010 midterms will be no different.
The nation’s budget deficit and accompanying debt burden is one of the rare issues that generates agreement; the difference in opinion is over whether it is a big problem now or a big problem later. It also happens to be one of those issues whose ownership shifts from party to party depending on which one is in power.
If anyone thought a sluggish economy with high unemployment would dampen campaign spending for the 2010 midterm elections, they couldn't be more wrong. A Supreme Court ruling, tight races and grass roots activism will make this the most expensive midterm election in history—with fundraising reaching levels never seen before.
Federal law enforcement and national security officials are preparing to seek sweeping new regulations for the Internet, arguing that their ability to wiretap criminal and terrorism suspects is “going dark” as people increasingly communicate online instead of by telephone.
The global economy will suffer a "couple of financial crises over the next 10 years" as financial reforms are not going in the right direction and not enough is being done, warned Nouriel Roubini, chairman at Roubini Global Economics.
Running for office isn't cheap. Political experts say it can cost about $400,000 to $600,000 to campaign for a congressional seat and about $1 to $2 million for a Senate seat. See who is contributing to candidate's campaigns around the country.
Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act, the New York Times reports.
"Ultimately, the big deal is going to be whether the economic growth rate is really accelerating in the fourth quarter or whether it doesn't," said James Paulsen, chief strategist at Wells Capital Management.
The motto for next week? Don't be greedy.