Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Obama, Republicans clash at health summit »
Obama, Republicans clash at health summit
President Barack Obama and Republicans clashed frequently on Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement.
Obama told about 40 congressional leaders his comprehensive overhaul was “absolutely critical” to a [...]
Obama’s 2010 budget: deficit soars amid job spending »
WASHINGTON (Reuters) – President Barack Obama pledged on Monday to halve a record 2010 budget deficit by the end of his first term in office, but made tackling double-digit unemployment his immediate priority with a spending plan that risked public ire and a rough battle in Congress.
Criticized by Republicans for raising taxes on wealthy [...]
Stocks show mildly positive reaction to Obama (AP) »
.
Stock index futures are moderately higher after Obama’s address, perhaps because of what he didn’t say. The president did not mention his plan to restrict the size of the nation’s banks, or the risky trading practices that brought them big profits. That plan is one of investors’ biggest concerns right now — stocks plunged [...]
Fed, techs lift Wall St; futures cheer Obama »
Fed, techs lift Wall St; futures cheer Obama
NEW YORK (Reuters) – Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
Stock index futures [...]
Fed, techs lift Wall St; futures cheer Obama (Reuters) »
NEW YORK (Reuters) –
Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and
struck a conciliatory tone on banks in his State of the Union speech.
Stock index futures shot up in late after-hours trading as Obama pushed job creation to the top of his agenda to bring [...]
Obama share scare: Market drop shows vulnerability (AP) »
NEW YORK – It was the fat cats’ fault before. But now it’s becoming Obama’s.
stubbornly high, people were already shifting blame for their economic woes to
one year into his presidency. Last week, investors joined them.
For 10 months, the stock market climbed at breathtaking speed. But the
suffered its worst week since dropping [...]
Asia stocks slide on Obama plan (Reuters) »
U.S. President Barack Obama
proposed new restrictions on banks that spurred selling of risky assets.
European shares (.FTEU3) were also expected to fall on the proposals, which would prevent banks or
that own banks from investing in, owning or sponsoring a hedge fund or private equity fund.
, but analysts said passage of the proposals [...]
World stocks tumble as Obama targets banks (AP) »
LONDON – World markets fell Friday, led by bank stocks after
to avert future financial crises.
or cost taxpayer money in bailouts.
The announcement spooked investors, causing a sell-off in Europe after sharper falls in the U.S. and Asia.
Britain’s FTSE 100 stock index was down 1.0 percent at 5,280.82 and
shed 1.0 percent to [...]
Financial stability board welcomes Obama bank plan »
ZURICH (Reuters) – The Financial Stability Board (FSB), charged by the G20 to coordinate national regulation in response to the financial crisis, on Saturday welcomed U.S. proposals to limit banks’ size and trading activities.
The proposals are among a range of options the board is considering as its addresses the risk of banks being “too [...]
Big bank shares hammered after Obama proposal (AP) »
plummeting Thursday.
, Obama vowed to fight big banks with tougher regulations that he believes would head off the cascading failures that required billions in bailout funds for
.
He wants new rules that would restrict banks in the use of depositor money and also limit how big financial institutions can become.
“The market certainly [...]