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.
Investors looking to go against the Wall Street grain should look to companies that are in the midst of change, Beth Lilly, portfolio manager at Gamco Woodland Small-Cap Value Fund, told CNBC Thursday.
Specialist business continues to consolidate: LaBranche trades up 30 percent after the close, in a deal that makes Barclay's designated market maker unit the largest DMM at the NYSE.
Specialist firm LaBranche halted for News Pending. Rumors that the firm has been for sale has been around for months now....
Beige Book: as subdued as you could get without being bearish. There were attempts at optimism, but the overall tone sounded...rather cautious. And the bank testimony? A famous bank analyst slams...banks.
Just look at the slaughter across the board: BofA, Citi, Morgan Stanley, Goldman, JPMorgan — all of them down 2.5 to 3.5 percent. This had nothing to do with China. What it’s all about is a ridiculous bank-tax proposal that is anti-growth, anti-capital, anti-profits, anti-shareholders, and anti-bank-lending.
If we agree that transition to end-user demand is the critical turning point, then the next question becomes when?
A potential wave of new regulation and higher taxes may be scaring many businesses from hiring, prolonging any rebound in employment, say business groups and economists.
Will Fed Vice Chairman Donald Kohn replace Ben Bernanke? It's certainly possible, because Bernanke currently has four Senate holds on his nomination. In other words, there may not be a vote by January 31st when his term as chairman expires.
I have a few thoughts concerning the burgeoning public backlash against big banker bonus announcements expected in the weeks ahead. This backlash of course stems from taxpayer fury over banks which were rescued by taxpayer-financed TARP money.
President Obama plans to impose a fee on banks, reportedly expected to raise about $120 billion in order to recoup the cost of the TARP. But how do you invest in financials when the rules of the game keep changing? Anton Schutz, president of Mendon Capital and Chris Mutascio, managing director and bank analyst at Stifel Nicolaus shared their insights.
Friction is building between the United States and China, and it’s time for all of us to pay attention. We are on the brink of a trade war with an uncertain behemoth, and recent policy decisions from Washington are fanning the flame, writes Gary Shapiro, President & CEO of the Consumer Electronics Association.
The Obama Administration is floating a trial balloon of plans to assess a fee or tax —targeted on big banks — with an aim of "recouping" supposed losses from the rescue of the financial sector.