The US Treasury declined GM's offer to buy back 200 million of the 500 million shares the US currently holds, according to the Wall Street Journal. In 2009 GM received a $50 billion dollar bailout from taxpayers.
US consumer prices rose in August by the most in three years. The Consumer Price Index increased .6 percent, with gasoline prices accounting for 80 percent of the rise.
The Fed gave the QE-addicted markets another dose of its stimulus drug today as it announced another securities purchase program.
Germany's Constitutional Court ruled the Eurozone's permanent bailout fund, also known as the ESM, does not violate the country's laws.
The headlines today tell two different narratives about the US stock market.
Republican presidential candidate Mitt Romney raised eyebrows yesterday when he said he would "not get rid of all of healthcare reform."
The jobs report released today reiterates a grim situation for millions of unemployed Americans.
European Central Bank President Mario Draghi announced a bond-purchase program in the euro zone with no set limit.
Gold futures slipped ahead of the ECB policy-setting meeting this week, or so the story goes.
Many have looked to Mario Draghi's leaked comments for hints about the upcoming European Central Bank' policy.
The Federal Reserve hawks are speaking out against the central bank taking more action, according to the Wall Street Journal. Why is so much attention given to the whims of central banks around the world?
New home construction in the US fell in July, according to Commerce Department Data, another reminder of weakness in the housing market despite recent signs of recovery.
As the economic crisis unfolds, and we see evidence of ‘crony-capitalism’ and ‘corportasim’, we wonder if capitalism even still exists.
The legacy of the financial crisis and the response from the government is still making headlines. It has turned into a legacy with taxpayers footing the bill and Wall Street paying less for its crimes.
Mitt Romney has anointed Paul Ryan as his running mate for his presidential bid in 2012. What does this VP choice really mean for free market capitalism and fiscal reform, the pillars of Mitt Romney's electoral platform?
After its yearlong investigation, the Justice Department said that it will not bring charges against Goldman Sachs or any of its employees for financial fraud related to the mortgage crisis.
Last May, we spoke about the bailout of Bankia and other problems emanating from Spain. This led us to question whether we would see a “Spexit” before a “Grexit.” Can we now add “Brixit” to the list?
The US stock market fluctuated today, following a three day advance in equities. A rally in Hewlett Packard shares tempered the Dallas Federal Reserve President's remarks that an adequate stimulus is in place, Bloomberg reports.
JP Morgan said in a court filing that PFG's subpoena of the bank may be overly burdensome. Will JP Morgan find a way to get out of it? It looks like they could be off the hook for accusations of silver manipulation.
Knight Capital, the market maker that lost a reported 440 million dollars off a "technical glitch," will get a $400 million lifeline from investors to stay afloat.
Jobs numbers are out for July. Total non-farm payroll employment rose by 163,000, beating expectations of 100,000, and the headline unemployment rate inched up from last month to 8.3 percent.
The dark Knight rises as dark pools of liquidity traded by robot computer algorithms went awry and threatened Knight Capital’s stability, costing the firm $440 million.
The Federal Reserve released its interest rate decision today: extremely low rates until late 2014.
The FOMC's two day meeting starts today and the ECB will meet later this week, amid the heightened expectations that the central banks are moving toward new actions.
The CEO of RBS warned about a huge fine facing the bank due to the Libor scandal; meanwhile HSBC set aside $2 billion to cover regulatory problems, including Libor-rigging and money laundering.
The US economy slowed in the second quarter: GDP rose at 1.5% on an annualized basis according to the Commerce Department.
Today is a special episode, because not only do we have commodities and resource expert Rick Rule on the show, but fan favorite Jim Rickards is guest co-hosting with our own Lauren Lyster!
The Federal Reserve is moving closer to action…again. This, according to the Wall Street Journal, which reports that recent disappointing economic news has turned conversations inside the central bank towards the question of how and when to act.
Another day with record lows for the US Treasury, both the 10-year and the 2-year. Could this be the biggest bubble we have ever seen?
As stocks fall, volatility spikes, perceived safe haven yields hit record lows, potential criminal Libor charges loom, and headlines tout "Global Economy in Worst Shape Since 2009."
Rising food prices, called the next crisis, threaten an economy already in a tough spot as the drought pushes agriculture commodity prices to record highs.
It's been roughly four years since the 2008 financial crisis, and it doesn't feel like a whole lot has changed on Wall Street.
Ben Bernanke was back on the hill today, in his second day of testimony before members of Congress for his Semi-Annual Report.
In 2008, a Barclays employee told the NY Federal Reserve that the bank, as well as other firms, were underreporting LIBOR.
We took the show on the road, taking Wall Street's bull by the hornsand well, something else too!
Minutes from the June FOMC meeting came out today. They revealed that a few Fed policy makers believe the central bank will probably need to take further action.
More than $200 million in customer money is allegedly missing from the accounts of one of the largest, non-clearing, US futures commission merchants, PFG Best. That's according to regulators.
Bank of England Governor Paul Tucker faced UK lawmakers over the Barclays LIBOR scandal today.
Greece drops demands for softer bailout terms, fearing rejection from international lenders.
Central banks issue the command to keep the easy money flowing.
US manufacturingactivity contracts for the first time in 3 years...the weak ISM data came as a shock to economists reportedly.
Mexico has reportedly elected a new leader, the opposition candidate from the former ruling party, who is promising to put the country back in the big leagues of emerging economies.
European leaders have a breakthrough at their summit!
European Leaders hold the umpteenth EU summit to try and save the monetary union and the Eurozone.
Barclays PLC and its subsidiaries will pay $450 million to settle with US and UK authorities over accusations the bank attempted to manipulate key interest rates to benefit derivatives trading positions.
Herman Van Rompuy has a plan for more European Integration.
On Friday, we had a week to save Europe, now we've got three days according to George Soros!
Germany and Greece faced off today in the Eurocup 2012 with German newspapers pushing headlines like bye Greeks, we cant save you today.
Operation twist was announced yesterday, and this has revived the conversation about how the Fed is the only game in townthat it is the greatest barrier to economic progress.
Let's twist again like we did last September. The Federal Reserve announced today that it will be extending operation twist – it’s effort to twit the yield curve and keep long-term interest rates low.
With the Greek elections taking place this past weekend, we have decided to devote a bit more time to the subject of Europe's debt crisis, and specifically, the case of Greece than other finance shows.
Yesterday, we saw a second round of Greek elections in as many months, after the ones in May resulted in an inability by the parties to form a viable coalition to govern the country.
No matter the outcome of the Greek election on Sunday, Monday will certainly be an interesting day for global markets.
Brent and WTI crude oil prices have been close to an eight-month low as OPEC meets to talk about production quotas.
The Eurozone debt crisis plot thickens today as Spanish government borrowing costs soared to their highest level since the launch of the Euro.
When we talk about bank recapitalizations or rescue plans, what usually captures headlines are dollar or euro amounts, the names of various abbreviated, bailout vehicles -- be they the EFSF or the ESM.
Spain is poised to seek a bailout for its banks possibly as early as tomorrow, according to media reports.
Federal Reserve Chairman - and central planner in chief - Ben Bernanke trotted to the hill today to give another one of his "economic outlook" speeches, as traders listened carefully for any news that might give them an edge on their daily speculations...
JP Morgan's two billion dollar London Whale trading losses can be blamed on "inadequate risk management" according to one of the bank's main regulators, the office of the comptroller of the currency (OCC), who we heard from today on Capitol Hill.
MF Global's creditors could have more than three billion dollars in claims against the failed firm.
Billionaire hedge fund manager George Soros says the EU is like a bubble and authorities will not be able to meet the demands of the market coming up. It doesn't keep Eurocrats from pushing for new master integration plans.
It's June first, but already, the Dow has wiped out its gains for the year.
A slew of bad news out of Europe, as Irish voters today attempt to exercise their sovereignty and cast their ballots in a referendum on Europe's fiscal consolidation treaty.
On today's show, we have a story you may have not heard before, from a person that you have definitely not heard from before.
China and Japan are scheduled to start trading in their own currencies Friday. The Japanese Finance Minister came out with this news.
It's been a week since Facebook's disastrous debut. The stock didn't even get that initial pop that we have been so used to.
Working in broadcast media, it is easy to get sucked into the vortex of the 24-hournews cycle, with all its spin, its nonsense, and its manufactured sense of urgency.
As an informal summit of European leaders has observers seeking signs of the eurozone's direction.
Regulators from the CFTC and the SEC (Gary Gensler and Mary Schapiro) were on Capitol Hill today to talk about how the overhaul of that multi-trillion dollar, opaque, unregulated over the counter derivatives market is going.
Bloomberg reports investors are worried JP Morgan is planning to pull back in the European mortgage bond market in the wake of the CIO disaster, causing significant volatility.
All eyes seemed to be on Facebook's IPO today.
World leaders arrive in the US for the G8 Summit.
Minutes are out from the Federal Reserve's latest open market committee meeting.
JP Morgan held its shareholder meeting today in the midst of whale-gate.
What we are seeing across the Western world is exactly what happens when faith in the systems of governance.