Warren Buffett and President Barack Obama are related, according to genealogists at Ancestry.com. But you have to go back a few hundred years to make the connection.
Executive compensation, leverage limits and lending standards were all issues that Washington said it planned to change — and when the taxpayers were the shareholders of these firms, it probably could have done so. But now the White House has been left in the position of extending invitations, rather than exercising its clout. And in the figurative and literal sense, it is getting stood up.
More than half of the nation’s unemployed workers have borrowed money from friends or relatives. An equal number have cut back on doctor visits or medical treatments, the NY Times reports.
The Federal Reserve is expected to leave interest rates at a record low this week. The big question is whether Chairman Ben Bernanke and his colleagues will hint about when they will reverse course and start boosting rates.
Stocks index futures continued to move lower Tuesday after wholesale inflation rose more than expected in November.
Stocks closed at a 14-month high Monday as news of an energy deal and a lifeline for Dubai helped buoy the market — and investors' appetite for risk.
Stocks were higher in afternoon trading Monday as news of an energy deal and a lifeline for Dubai helped buoy the market.
A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.
Senate Democrats who thought they had a workable compromise to move ahead on President Barack Obama's health care overhaul learned otherwise from Sen. Joe Lieberman, who is threatening to join Republicans in opposing a bill if it expands Medicare.
Obama needs the support and confidence of big banks to mend the economy, yet he woos them with threats and browbeating and name-calling.
Stocks are starting the week on a positive note, putting both the Dow and S&P at new 52-week highs. This comes despite dollar strength over the past week and a half (U.S. Dollar Index now up over 3 percent from recent low) and lower commodity prices.
How ironic is it that President Obama is meeting top banks today to get their support for a bill that would undermine their business. And undermine what the President truly wants them to do: lend more to small and medium sized firms.
Stocks opened slightly positive Monday as investors grew less jittery about the situation in Dubai and a big merger deal helped juice the energy sector.
Stock index futures pointed to a positive open for Wall Street on Monday as investors cheered news that Abu Dhabi would provide $10 billion of surprise aid to neighbor Dubai.
Surprise! NYSE Airline Index at 52-week high on strong commentary, crude poised to break below $70.
The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.
The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase as part of the support it provided the bank during last year's financial crisis.
Americans remain pessimistic about the economy and have little trust in Washington's economic leadership— despite $1.5 trillion in federal spending on stimulus and bailouts, a new CNBC "Wealth in America Report" finds.
Last year it was the Chia Obama craze. This year, it's Prez BaRock, a new take on the old pet rock--one of the most disturbing and unfathomable must-have gifts of the 1970s.
As diplomats might say of a meeting between rivals that is just short of undiplomatic, President Obama and Congressional Republican leaders had a full and frank discussion at the White House on Wednesday when they met to discuss how to create more jobs. The 90-minute session, while described by both sides as cordial over all, was a bit testy at times.