HARTFORD, Conn.— A last-minute offer by electric carmaker Tesla Motors to open a regional distribution center in Connecticut may not be enough to persuade lawmakers to pass a bill allowing the company to sell its vehicles directly to consumers. The bill was placed Monday at the bottom of the Senate calendar, a bad sign at the session's end. Democratic Senate... » Read More
Stocks rebounded from a lower start Tuesday after the ISM reported manufacturing moved into expansion mode for the first time since January 2008.
China is set to tighten its hammerlock on the market for some of the world’s most obscure but valuable minerals, says the New York Times.
When auto makers report August sales later today, don't be surprised by the whopping numbers they put up.
As we flip the calendar to September, investors will look back on August fondly, the last two trading sessions notwithstanding.
Stocks pulled back Monday as a major selloff in China sent oil prices lower and dragged on the US market.
U.S. Sen. Charles Schumer, a Democrat from New York, last month introduced legislation that would require all states to adopt a texting ban for all drivers or face losing their federal highway grants. Today, in a new national survey from Nationwide Insurance, eight in 10 Americans say they support such a ban on texting while driving. The issue has drawn a great deal of support and opposition from both lobbyists, citizens and even here at CNBC
Shares of Chinese electric-car maker BYD rallied 8 percent in Hong Kong trading today (Monday), finishing at an all-time closing of HK$48.60. The buying was apparently sparked by news wire headlines quoting BYD's chairman as saying Warren Buffett "wants" or "intends" to raise Berkshire Hathaway's 10 percent stake in the company. That interest, however, may not be new and doesn't necessarily mean Buffett will be able to buy more shares from BYD.
With Americans curbing luxury spending, the vintage car market has taken a hit, which means it’s a great time to enter. But buyer beware. Cars require maintenance that can add up to thousands of dollars a year, eclipsing any appreciation.
Stocks pulled back Monday as a major selloff in China set the stage for a rough day on the US markets.
These are fun days at Ford. After staring bankruptcy in the eye and surviving a horrific slump in sales, the auto maker is rolling. Sure, it's not yet back in the black, but it has the big "MO". It's adding production, cutting losses, and is in the sweet spot of new product cadence with models like the Edge and Taurus bringing back buyers.
The last trading day of August begins with some significant positives in the books: barring a major selloff Monday, the S&P 500 and the Nasdaq will chalk up their sixth straight monthly gains, and the Dow will have its fifth monthly gain in the past six months.
A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.
It sounds strange to say it, but it's true. The auto industry still has too many plants with the capacity to crank out millions more cars and trucks than needed.
Only temporarily, though, Cramer says. You may be able to buy this stock again in the not-too-distant future.
I thought the final numbers on the Cash for Clunkers program were fairly straight forward. The Department of Transportation released the top 10 selling models and what percentage of vehicles were sold by each auto maker. But those numbers don't make sense to many of you.
Stocks ended flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.
Stocks were flat Wednesday as investors shrugged off solid demand from today's five-year Treasury auction and some encouraging economic reports.
The final numbers are in, and Cash for Clunkers ended with bang for Toyota and Honda, which both had three of the top-10 best selling models.
Stocks rebounded Wednesday after a sharp jump in new-home sales.