President Obama couldn't let General Motors fail, but he won't concede he's taking over the company.
President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.
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.
As he announces his plan to run an auto company this morning, President Obama will again assert that he has no interest in running an auto company.
Stock index futures rose ahead of the open Monday after a report showed personal income rose in April and investors largely shrugged off the General Motors bankruptcy filing.
It is not every 31-year-old who, in a first government job, finds himself dismantling General Motors and rewriting the rules of American capitalism.
Investors might not have to choose yea or nay to profit, Cramer says.
Stocks capped a winning month with a 1-percent rally Friday as traders squeezed in a few last-minute trades to close out the month of May. Investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell ended higher after beating its earnings target. GM ended at 75 cents a share.
Get ready folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70 percent of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.
Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home purchase.
Stocks made another break higher Friday as investors were encouraged by a jump in consumer sentiment and less-bad GDP report. Oil stocks benefited from the rise in oil prices. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
Stocks wobbled Friday as investors were encouraged by a jump in consumer sentiment less-bad GDP report but still remained a bit jittery. Dell shot out of the gate after beating its earnings target but other techs were slow to follow. GM fell below $1.
If the bad job market has you thinking about going back to school for an advanced degree, here's some tips on federal student loan programs.
Obama is calling for a sweeping $18 billion proposal covering birth to higher education. It includes reforms for teaching, funds for pre-school programs, college tax credits as well as revamping the college student loan system.
President Barack Obama is trying to remake the government’s lending program by eliminating the middle man, which will mean funding for students.
No matter the media outlet, it's been nigh on impossible to miss the selection of Sonia Sotomayor as President Obama's nominee to replace Justice David Souter on the Supreme Court. One angle that hasn't been entirely explored, however, is that Obama essentially conducted the hiring process in the full glare of the public eye.
After five months and $19.4 Billion in federal aid, three restructuring plans, and the removal of one CEO, General Motors is locked, loaded, and ready to file for Chapter 11 Bankruptcy protection on Monday.
If there's one strategic communication goal Treasury Secretary Geithner should strive to achieve this weekend in China, it would be to strike down the myth that the U.S. is beholden to the Chinese because they buy our debt, writes Tony Fratto, former Deputy Assistant to the President and Deputy Press Secretary for the Bush Administration.
Stock index futures indicated a higher open for Wall Street Friday after the latest GDP report showed the economic decline began to slow in the first quarter.
Plus, Cramer makes the call on insurance, the autos, natural gas and more.