CAIRO, Nov 26- From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth. Announced last month, the leadership change unleashed anger against outgoing governor Hisham Ramez, who capped dollar...» Read More
Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.
Three people briefed on the deal say Italian automaker Fiat Group SpA will sign paperwork by Thursday to become a partner with Chrysler.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
There are some “mustard seeds” out there for investors, Tom Lydon of ETFTrends.com told CNBC.
GM and Chrysler dealers have both hired lawyers to represent them in bankruptcy proceedings, CNBC has learned.
President Obama promised CHANGE in his campaign for President, and after 100 days in office, it is easy to give him a grade of A++ on keeping that promise. I must leave it to historians to gauge whether or not his first 100 days will take the top prize in terms of changes instituted in this country, but for sure he will get honorable mention.
Over the last two weeks one of the more intriguing (and downright scary to some people) suggestions is the idea of the auto task force killing the Chrysler brand. I'm not talking about the Chrysler corporation, but simply the Chrysler brand. Three months ago that idea would have been roundly dismissed as "crazy talk", not anymore.
Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.
Ahead of the May 4 bank stress test results, experts tell CNBC that the financial system may not be in the clear yet.
Automakers around the world are facing the challenge of remaining relevant. With General Motors and Chrysler teetering on the verge of bankruptcy, which carmaker will survive the fallout? Definitely look to the Japanese, in particular, Nissan.
The industry is reeling, but it doesn't mean you have to walk away from the thought of buying American.
GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.
It may be the safe-haven choice of the financial crisis, but experts tell CNBC that cash will underperform over the next 10 years.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
You've probably seen the commercials, but these companies are not always what they seem.
Now that GM is putting Pontiac out to pasture, planning to cut another 6 production plants in the U.S., and squeeze out hundreds of dealers, I am hard pressed to see how GM remains #1 in U.S. sales.
Global stocks were down Monday, after enjoying 7 weeks of gains, as concerns of the outbreak of swine flu spooked investors. But experts tell CNBC that stocks are still a good long-term bet.
After eight decades the Pontiac brand is about to die or be sold by GM. The auto maker will announce the end of the iconic American brand early next week. Pontiac is the latest casualty of the radical down-sizing of General Motors.