One day shy of his first year as President, Barack Obama faces the biggest threat to his incumbency and possibly to his power.
The Democratic party must feel the same sense of chaos as Tuesday dawns and the "safest" spot in the Senate, the late Ted Kennedy's seat, goes to the voters with the outcome very much in doubt.
This weekend, Democrats are struggling to hang on to a seat held by Mr. Kennedy for 46 years in one of the most enthusiastically Democratic states in the country. Conservatives are enjoying a grass-roots resurgence, and Republicans are talking about taking back the House in November.
Senate banking negotiators are discussing plans that could significantly weaken - or even jettison - President Barack Obama's proposed independent consumer finance agency.
President Obama’s misbegotten bank tax is precisely the wrong policy at precisely the wrong time. It will wind up backfiring across the board.
In extended trade, investors were gaming food stocks after billionaire investor Bill Ackman followed Warren Buffet into Kraft with a 2 percent stake.
What’s all the screaming about? Wall Street’s total compensation simply isn’t out of control. And the pay critics, in their pious, get-tough crackdown, are only ensuring a new round of outrage when some of these banks recover.
Stocks are losing steam this afternoon, with the Dow posting a triple-digit decline for its worst showing so far in the New Year. Dragging down the markets today are the financials, which is the lagging sector on the S&P 500. Weighing on that sector today: still little evidence of improvement in bank credit losses following JPMorgan’s report this morning.
The Obama administration's mortgage relief plan provided help to only 7 percent of borrowers who signed up last year, another black mark for the struggling program.
There was news enough recently for the bulls and/or the bears and you can take your pick.
Stock futures indicated a slightly lower open this morning after the S&P and Dow closed at new 52-week highs yesterday. Futures dipped a little following JPMorgan’s earnings report, and remained lower as the dollar rises to the highs of the week in early trading. On the dollar strength, trading lower this morning are commodity stocks.
Whereas the global regulatory and political powers-that-be made a good job of feigning coordination in their collective panic-button-pushing stimulus at the height of the financial crisis, it seems that it’s everyone for themselves in the scramble to punish the perceived perpetrators.
Investors are whispering that Washington is gunning for Wall Street after the White House proposed a new bank tax.
My worry is that President Obama’s overly ambitious political agenda will take a toll on business, hurting investment and growth by spending massive new sums of taxpayer money and imposing a daunting thicket of new and higher taxes..
S&P 500 is sitting near 15 month highs, but why doesn't it feel that way? We have continued the slow drift higher that began (again) in November, but outside of that little has changed: still no pickup in volume or volatility. Here's what active traders said about it...
U.S. banks are ensnared in a trap resembling the Hotel California — they can check-out any time they like, but they can never leave.
The financial crisis being investigated down in Washington right now, with bankers on the hot seat amidst huge media coverage, has been over for six months now — at least. That’s one reason why the KBW bank index has recovered 140 percent over the last 10 months.
With Intel considered a barometer for the entire tech sector, how should you place your bets only hours ahead of Intel results.
Striving to close the deal on health care, President Barack Obama planned a trip to Capitol Hill on Thursday to urge rank-and-file House Democrats to yield on key issues still standing in the way.
Should someone in Idaho or Nevada have significantly different health care coverage from someone in Massachusetts? That, essentially, is one of the biggest questions Congress will be wrestling with as it tries to meld House and Senate bills into a single law to revamp the nation’s health care system.