President Barack Obama on Wednesday ordered a new crackdown on federal contractors who don't pay their taxes.
Warren Buffett was interviewed live this morning (Wednesday) on CNBC's Squawk Box, ahead of a special Berkshire Hathaway shareholders meeting to approve the company's proposed Class B stock split. This is the first part of an unofficial transcript of the entire one-hour interview conducted by Becky Quick. In this section, Buffett criticizes President Obama's proposed tax on banks.
Predictably, HMOs are trading up slightly on the Scott Brown victory in Massachusetts, but for the rest of the market its pretty much back to "sell on the earnings news."
The stinging defeat in Massachusetts energized congressional Republicans and left Obama and the Democrats with fallback options that range from bad to worse on health reform.
Today marks the 1 year anniversary from President Obama's Inauguration last year. Here are how the markets stand 1 year later and compared to presidents from 1901 until today.
Criticized from every angle imaginable for getting Nebraska out of paying for additional Medicaid in return for his (60th) vote to get the health reform bill through the Senate, Senator Nelson asked Senator Harry Reid of Nevada, the Majority Leader, to remove a special provision in the health care legislation that would have the Federal government pay all Nebraska's costs for the proposed extension.
Cramer explains why a Republican win in Massachusetts could work out well for Wall Street.
President Obama and his Democratic Party have declined considerably in popularity in the year since he took office, weighed down by public discontent over the economy and the health care debate in Congress, according to a new NBC News/Wall Street Journal poll.
Great numbers from IBM, but after a big late-day run-up...the stock is selling off to roughly $132 (as of this writing), near its Friday close ($131.78). Not only was topline better than expected, not only was bottomline better than expected, but guidance was raised for 2010 to AT LEAST $11 billion, from prior guidance of $10-$11.
The S&P 500 took another pop up late afternoon Tuesday to the highs for the day—and just shy of highs for the year. Traders are citing Intrade, which allows investors (gamblers) to bet on the direction of anything, now giving 84.9 percent odds that Massachusetts Republican State Senator Scott Brown will defeat Democrat Martha Coakley.
Times Square was hit by a flash mob of "homeless" Uncle Sams today, who were there giving the Naked Cowboy a run for his money, asking passerbys if they could spare some change —$12 trillion, to be exact.
US airlines are trading up 1 to 2 percent today. Airline earnings season begins this week with AMR (AMR, Jan 20), Continental (CAL, Jan 21), and Southwest (LUV, Jan 21) all reporting this week. Traders still getting over the shock of Japan Air Lines (JAL) bankruptcy; JAL has been bailed out 4 times in past 10 yrs by the Japanese government...
The Obama administration may be tempted to wage a two-front war on climate change and joblessness by pushing for green jobs in the renewable energy sector, but such a strategy will mean committing to a long campaign.
It's early, but sell the news is the mantra so far for earnings. Stock are futures down, bonds and the dollar are up this morning. The S&P 500 recorded its largest down day in almost a month last Thursday, despite a good report from Intel. In-line (Citi) or even slightly better than expected earnings (Intel) may not be good enough...
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.