The CEO, Jim McNerney, stressed this needs to be "measurable" quarter-by-quarter and industry and company specific. As far as an up cycle in the market, he said, "that will take a little longer."
Bill Fleckenstein of Fleckenstein Capital thinks tech names will soon pick-up, so how's he playing it?
The government should extend the Bush tax cuts to put money to work and help share prices, Dennis Gartman, founder of The Gartman Letter, told CNBC Wednesday.
This whole debate about government stimulus versus austerity, and the impact of these policies on economic growth, misses a key point: It is business, not government, that creates jobs.
While everyone is watching the IPO of Agricultural Bank of China tonight, another fairly large IPO is set to price in the US this week...at the midpoint it'd bring in about $600 million. That would be the the biggest US IPO of the year.
The first stage of President Barack Obama's health care overhaul is expected to provide coverage to about 1 million uninsured Americans by next year. That's a small share of the uninsured, but in a shaky economy, experts say it's notable.
Banks and commodity stocks are rallying this morning in Europe and the U.S.; most bourses are up 2 to 3 percent. Shanghai was up 1.9 percent after hitting 52-week lows Monday. Helping commodities and commodity stocks: a weaker dollar, and positive comments about the global economy.
Republican Congressman and House Ways and Means Committee member Paul Ryan spoke with Maria Bartiromo yesterday about the current economic crisis, and spoke frankly about how he feels Washington is running the country.
Markets are a bit weaker as Europe has closed essentially at the lows of the day, despite a second day of rally in the euro. There is lots of talk that the poor economic data in the US in the last two weeks now makes Europe a more attractive investment opportunity...
Even as most Americans got ready to face the July 4th holiday weekend traffic, members of the United States Congress had already left town.
June nonfarm payrolls posted a decline of 125,000 jobs, slightly higher than expected, with an unemployment rate of 9.5 percent. Private sector job growth up 83,000 was a bit below expectations. The stock market anticipated weaker numbers and trading all week reflected that sentiment. The market is trading at notably lower levels than two weeks ago.
Confused yet? Two events are occuring today: 1. the short euro/long gold trade appears to be unwinding. It's not a coincidence it's happening on the first day of the quarter. 2. the midday collapse of the VIX.
Don’t you just love political cross dressing? Last night on CNBC my old boss David Stockman was totally root-canalled as he called for higher taxes and lower spending. Right on spending, but wrong on taxes.
At least I'm hoping there is no double dip. Data on capital investment and personal income has been encouraging but I think we are in a bearish frame of mind so that gets somewhat ignored. The negative gets emphasized when your mind set is that way.
The U.S. economy has had two crises that were followed by long periods of depressed economic activity, high unemployment, and instability lasting more than a decade...Conditions are emerging that could cause that to happen again, and without a radical change in policy, the nation is at risk of a terrible calamity.
Futures dropped, then recovered a bit, as initial and continuing claims were higher than expected. Start of a new quarter, and first trading day of the month. It is one of the oddities of trading that the Dow Industrials have their biggest point gains on the first day of the month, on average (Trader's Almanac). It's really quite significant...
While testifying on Capitol Hill last week about the government’s bank bailout program, Treasury Secretary Timothy F. Geithner likened the hearing to a eulogy for the initiative.
Seizing on a political opportunity, President Barack Obama on Wednesday lashed out at Republicans as out of touch with the daily problems of Americans, hoping to sharpen the contrast with the opposition party as midterm elections loom and economic anxiety still runs high.
After analyzing Washington for 35 years, it’s excusable to be a cynic. Actually, it’s mandatory. So let’s try out this extremely cynical premise: the Republicans are deliberately refusing to help unemployed workers or aid the states because they undoubtedly know this will hurt the economy further – and an ailing economy will help their prospects in November.
The world’s rich countries are now conducting a dangerous experiment. They are repeating an economic policy out of the 1930s — starting to cut spending and raise taxes before a recovery is assured — and hoping today’s situation is different enough to assure a different outcome. The NYT explains.