Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Economy Watch: March 22, 2009 - March 28, 2009

Outspoken CNBC Anchor Dylan Ratigan Quits

Dylan Ratigan, who hosted the nightly "Fast Money" roundtable and co-hosted the afternoon show "Closing Bell" with Maria Bartiromo on CNBC, has abruptly quit the business network. CNBC gave no reason for the exit, and Melissa Lee is hosting "Fast...

By Frank Ahrens  |  March 27, 2009; 5:03 PM ET  |  Permalink  |  Comments (7)
Categories:  The Ticker  | Tags: CNBC, Dylan Ratigan  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

U.S. Bancorp Chief: Obama Told Us to Tell Our Story

UPDATE U.S. Bancorp chief executive Richard Davis, one of of the big bank executives summoned to meet with President Obama at the White House today, said bankers "understand the anger around executive compensation" and that the "have not done a...

By Frank Ahrens  |  March 27, 2009; 3:50 PM ET  |  Permalink  |  Comments (3)
Categories:  The Ticker  | Tags: JP Morgan, Jamie Dimon, Obama  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Feb. Unemployment Rises in D.C. Area, Tops 10% in 7 States

February unemployment rose in the District, Virginia and Maryland, and seven states now top 10 percent unemployment, according to the February Labor Department numbers released this morning. Here are the Washington area numbers for February: - District: 9.9 percent (up...

By Frank Ahrens  |  March 27, 2009; 11:38 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: unemployment  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Markets Open Sharply Down

The three-week stock rally opened Friday with a sharp pullback, as investors sold into the market to take some profits out and short-sellers readied for the weekend. In the first 15 minutes of trading, the Dow is down about 117...

By Frank Ahrens  |  March 27, 2009; 9:48 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Google Cutting 200 Sales People

Search-and-ad king Google said today that it is laying off 200 sales and marketing people because it had over-hired in certain parts of the economy. That may be the case, but probably the 15-month-and-counting recession had something to do with...

By Frank Ahrens  |  March 26, 2009; 3:45 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Google, recession  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

2008's Big Hedge Fund Losers

Here's a list of some of the biggest hedge fund losers of 2008, as compiled by Alpha, a magazine for institutional investors. Read 'em and weep. Or cheer. Your call: 1. Kenneth Griffin, Citadel Investment Group. Lost $2 billion. Its...

By Frank Ahrens  |  March 26, 2009; 2:23 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Carl Icahn, T. Boone Pickens, hedge funds  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Rep. Manzullo to Geithner: Your Plan Is 'Radical'

UPDATED at 1:21 P.M.: In testimony before the House Financial Services committee that just adjourned, Treasury Secretary Tim Geithner just had to defend his institutional takeover plan against charges of radicalism. "Do you realize how radical your proposal is?" Rep....

By Frank Ahrens  |  March 26, 2009; 1:21 PM ET  |  Permalink  |  Comments (83)
Categories:  The Ticker  | Tags: Tim Geithner, regulation  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Markets Open Up Solidly

Wall Street opened up strongly today, shrugging off news from the Commerce Department that the U.S. economy shrank at an annual rate of 6.3 percent at the end of last year, slightly worse than expected. In the first 15 minutes...

By Frank Ahrens  |  March 26, 2009; 9:54 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, Tim Geithner, nasdaq, regulation, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

What (Briefly) Killed The Market Rally Today?

4:35 P.M.: UPDATED BELOW: A strong stock market rally began to peter out shortly after noon today and then dived south beginning at about 1 p.m., taking the Dow, the S&P 500 and the Nasdaq all into negative territory. What...

By Frank Ahrens  |  March 25, 2009; 4:35 PM ET  |  Permalink  |  Comments (22)
Categories:  The Ticker  | Tags: Treasuries, auction, debt  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Buyers Snub British Debt

In a reminder of how bad things are across the globe, the U.K. failed to find enough buyers for $2.55 billion (1.75 billion pounds) in gilt-edge bonds, Bloomberg is reporting. This is debt that the U.K. is attempting to sell...

By Frank Ahrens  |  March 25, 2009; 11:40 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: bonds, debt offering, deficit  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Czech Leader: U.S. Recovery Plan Is 'Way To Hell'

In the tell-us-what-you-really-think department, Czech Republic Prime Minister Mirek Topolanek called the U.S. recovery plan "a way to hell," CNN is reporting. Topolanek may have reason to be bitter: his government collapsed yesterday after an embarrassing vote of no-confidence. The...

By Frank Ahrens  |  March 25, 2009; 10:24 AM ET  |  Permalink  |  Comments (16)
Categories:  The Ticker  | Tags: Geithner, Mirek Topolanek, Obama, toxic assets  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Markets Open Solidly Up

Wall Street opened up strong today, possibly riding the enthusiasm of the surprise jump in February durable-goods orders reported by Commerce this morning. In the first 15 minutes of trading, the Dow is up about 88 points, or a little...

By Frank Ahrens  |  March 25, 2009; 9:49 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Dow Jones, durable goods, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

February Durable Goods Orders Rise Unexpectedly

By now, you're accustomed to the good news/bad news nature of all seemingly good economic news. This morning, the Commerce Department reported that orders for durable goods -- refrigerators, computers, airplanes, autos, etc. -- jumped 3.4 percent in February compared...

By Frank Ahrens  |  March 25, 2009; 9:27 AM ET  |  Permalink  |  Comments (1)
Categories:  The Ticker  | Tags: durable goods  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

The Ticker Breaks Down President Obama's Presser Tonight

The Ticker takes his act over to our sister blog, 44, tonight at 8 p.m. to be part of the team breaking down President Obama's press conference live as it happens. Please join me and my colleagues Ben Pershing of...

By Frank Ahrens  |  March 24, 2009; 5:03 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Obama  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

The Motley Fool's 'Blame Bracket:' March Madness for the Crisis

Those wags over at Alexandria's Motley Fool have put together a "blame bracket" for the ongoing economic crisis, pitting potential causes against each other. For instance, in the Bernie Madoff vs. The Media bracket, which do you blame more? In...

By Frank Ahrens  |  March 24, 2009; 4:23 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Bernie Madoff, Congress, Motley Fool, SEC, economic contraction  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Bernanke Admits Ignorance, Fires Back At Inquisitor

1:30 P.M. UPDATED In testimony that just wrapped up before the House Financial Services committee, Fed Chairman Ben Bernanke said he still doesn't know why regulators weren't prepared for last year's financial sector collapse. It was under simple-yet-probing question from...

By Frank Ahrens  |  March 24, 2009; 1:30 PM ET  |  Permalink  |  Comments (6)
Categories:  The Ticker  | Tags: AIG, Barney Frank, Ben Bernanke, Edward Liddy, Tim Geithner  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Markets Fall at Opening

The stock markets fell at opening today, as traders appeared to be "selling into the rally," or taking some profits from the two-plus-week rally that's been underway. In the first 15 minutes of trading, the Dow is down about 100...

By Frank Ahrens  |  March 24, 2009; 9:49 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Ben Bernanke, Dow Jones, Tim Geithner, nasdaq, s&p 500  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

GOP Sen. Kyl Seeks Delay on AIG Bonus-Tax Bill

Sen. Jon Kyl (R-Ariz.), the Republican whip, wants the Senate to delay -- at least for a week -- a vote on the House's bill to tax recipients of AIG bonuses, Reuters is reporting. Analysts are attributing this afternoon's late...

By Frank Ahrens  |  March 23, 2009; 4:13 PM ET  |  Permalink  |  Comments (5)
Categories:  The Ticker  | Tags: AIG, John Kyl, bonuses  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Geithner: No Timetable on Toxic-Asset Plan

Treasury Secretary Tim Geithner has no timetable for selling the first toxic asset, he said in a CNBC interview today with Erin Burnett. "We're moving as quickly as we can," he said. "And as soon as we have the terms...

By Frank Ahrens  |  March 23, 2009; 2:54 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Tim Geithner, toxic assets  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Reaction to Geithner's Toxic-Asset Plan

Now that Treasury Secretary Tim Geithner's $1 trillion plan to buy toxic assets off the books of banks has been out there for a few hours and has begun to be digested, here are some reactions to it: -- Noted...

By Frank Ahrens  |  March 23, 2009; 1:41 PM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Henry Blodget, Paul Krugman, Tim Geithner, bailout, toxic assets  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Distressed Sales Spur Feb. Jump in Existing Home Sales

Existing home sales rose 5.1 percent in February, partly thanks to sales of distressed properties, according to statistics released moments ago by the National Association of Realtors. If that's the good news, here's the bad news: Sales of distressed properties...

By Frank Ahrens  |  March 23, 2009; 10:17 AM ET  |  Permalink  |  Comments (1)
Categories:  The Ticker  | Tags: Realtors, home prices  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Markets Soar at Opening

Wall Street followed the world markets in responding favorably to Treasury's toxic-assets/bank-rescue plan rollout this morning. In the first 15 minutes of trading, the Dow is up about 160 points, or more than 2 percent. The broader S&P 500 and...

By Frank Ahrens  |  March 23, 2009; 9:51 AM ET  |  Permalink  |  Comments (0)
Categories:  The Ticker  | Tags: Bank of America, Citigroup, Dow Jones, nasdaq, s&p 500, toxic assets  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

World Markets, Futures Up in Anticipation of Geithner Plan

The White House has so far gotten what it has wanted: A worldwide markets surge before the long-anticipated bank rescue plan of Treasury Secretary Tim Geithner scheduled for rollout this morning. You can read the details of the plan here....

By Frank Ahrens  |  March 23, 2009; 8:53 AM ET  |  Permalink  |  Comments (2)
Categories:  The Ticker  | Tags: Tim Geithner, bailout, toxic assets  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company