Stock index futures were treading water Thursday after posting a slight a gain Wednesday on the back of gains in financial stocks.
In the movie, the Wizard of Oz was a powerful being purported to have the knowledge to get Dorothy back to her home in Kansas with Auntie Em. The Wizard used a smoke and mirror routine to make his powers appear larger than they truly were. The Wizard at heart was no more than a tinkerer who didn’t know the outcome of his own experimentation.
Fed Chairman Bernanke again committed to keeping interest rates "exceptionally low for an extended period" to support a "nascent" economic recovery. At the same time, Bernanke seemed to infer that he did not believe the economy was yet growing on a self-sustaining basis.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
The Mad Money host goes head to head with five former Treasury secretaries.
So the Federal Reserve announced yesterday this discount hike to open up a penalty against the overnight fed funds rate. But you know what? No one is really borrowing from the discount window anyway. So while this news is making headlines, it’s really not a huge policy change.
China's move to unload US debt is likely to continue in the long term while the "euro scare" may last a while, legendary investor Jim Rogers told CNBC.com Wednesday.
I’d like to take a brief moment to discuss Fed head Ben Bernanke’s recently released monetary-exit testimony.
A blizzard swept through the US East Coast, dumping heavy snow and disrupting travel and business through the region.
The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
I was a bit surprised to read an excerpt from former Treasury Secretary Henry Paulson's new book, that depicted Lockhart as "nervous" in those crucial few days leading up to the takeover of Fannie and Freddie and very reluctant to put the two into conservatorship. Paulson called the FHFA a "weak regulator," and seemed to imply the same of Lockhart.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down.
From more than 160,000 reports, the Recovery Board reported late Saturday that from October through December, 599,108 jobs had been directly created by stimulus money.
The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion—that's right—a $1.9 trillion increase in the federal government’s debt limit. Let me tell you why this bothers me.
The tax on banks proposed by President Barack Obama is likely to become law, while a proposal to set up a fund for unwinding troubled financial institutions has little chance of succeeding, Rep. Barney Frank, D-Mass., told CNBC Friday.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.
What-did-they-know-and-when-did-they-know-it will be the over-arching theme of the questions. According to the US Treasury Department, Geithner was recused from "working on issues involving specific companies," including AIG after he was nominated on Nov. 24th, 2008, for the US Treasury Secretary.
A leading investigator will answer questions before a Congressional panel on how the government handled the bailout of A.I.G. Wednesday and will cite contradictions in the Treasury’s public statements about the bailout, according to The New York Times.