Stocks were two for two for June, notching another gain Thursday as investors were encouraged by the sharpest jump in pending-home sales in 7 1/2 years. But financials sat this one out following a new round of stock offerings.
Is GM’s decision to file for chapter 11 what the company needed for a reboot and restart? Although it’s hard to tell at this point, optimists are confident.
General Motors is already hard at work, trying to win back consumers with a new advertising campaign.
There’s an almost palpable lack of confidence that General Motors will exit bankruptcy as a leaner, meaner, stronger company. However, the game plan is basically to envision the New General as a sort of American Toyota, with a tidy lineup of brands to manage and an appealing fleet of economical, fuel-efficient vehicles to sell. Sedans and small, gas-sipping cars will be the future, not the fuel-chugging trucks and SUVs that got GM in trouble.
General Motors has reached a preliminary agreement for the sale of its Hummer brand of large sport utility vehicles and pickup trucks to a machinery company in western China with ambitions to become a carmaker, a person familiar with the Chinese government approval process said Tuesday.
Stocks retreated Tuesday after getting a boost in morning trading from the sharpest jump in pending-home sales in 7 1/2 years.
For decades, the United Automobile Workers had a simple strategy for getting what it wanted from the carmakers — it would go on strike. The tactic proved so successful that the mere threat of a walkout often won better wages, benefits and job security.
Stocks rebounded off a lower open Tuesday after a report showed the sharpest jump in pending-home sales in 7 1/2 years.
Over the next few months, Mr. Obama and his auto task force will face many tests as they try to create a new paradigm for the nationalization, however temporary, of a storied and troubled emblem of American industry.
Consumers should feel comfortable buying a General Motors car even as the automaker battles its way out of its stunning bankruptcy, company CEO Frederick "Fritz" Henderson told CNBC in a live interview Tuesday.
Stocks looked set to open lower Tuesday and pull back from a strong surge in the previous session.
Cramer tries to explain the reasons for this all-but-dead stock’s continuing appearance on the Dow.
Less than a year ago we weren’t sure if we’d be saved or sucked in. Here’s your update.
Stocks soared Monday as investors were encouraged by economic reports out of China and the U.S. and breathed a sigh of relief that General Motors finally filed for bankruptcy protection.
Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S., and shrugged off the GM bankruptcy filing. Read and listen to what the experts had to say...
Although America's biggest automaker GM filed for bankruptcy Monday, Fast Money trader Zachary Karabell says investors can still make money from the auto sector.
Some of the towns most threatened by GM's woes would not exist without the automaker. The company has been part of everyday life by contributing to orchestras, community colleges and ballparks.
Plus, Cramer makes the call on energy, autos, retail and more.
Stocks advanced Monday as investors were encouraged by economic reports out of China and the U.S. and shrugged off the General Motors bankruptcy filing.
General Motors' Chapter 11 filing may provide it with a clean slate as far as its finances go, but consumers will not be as forgiving as a bankruptcy court judge. The key for GM may be to convince them to try.