Despite recent ups and downs, hedge funds are now more in love with Japan than at any time in the last decade.» Read More
What do you think will happen to Chrysler? That question was flying around the Detroit Auto Show this weekend, and trust me, some of the predictions I heard in Detroit were doozies.
A day ahead of the European Central Bank's rate decision, more dismal data showed the euro zone needs monetary easing. But experts tell CNBC that central banks' interest-rate cuts have little impact on the economy in the current financial turmoil.
I get the same question every year at the Detroit Auto Show: What was your favorite new car? My answer is almost always a model with an aggressive design and often it's a concept. This year, the Cadillac Converj stole my heart.
The euro remained under pressure Tuesday despite the German government approving a second stimulus package worth $64 billion to help Europe's largest economy.
At an auto show that lacks "buzz", there are a couple of battles taking shape. Both of them could have major implications as to what we will be driving for years to come.
The euro fell against the dollar and the yen Monday ahead of the European Central Bank's interest-rate decision on Thursday. Experts tell CNBC that the single euro-zone currency will experience headwinds this year.
As I have spent the last two weeks preparing for the Detroit Auto Show, which starts this Sunday, it's become clearer than ever to me the electric car is coming and coming fast.
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, suggesting that the year-long recession was deepening.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
The Hyundai offer is significant because it addresses the one issue that is keeping people out of showrooms. Potential buyers are worried about keeping their jobs so they are putting off a new car for the family.
Despite the dollar's two-day rally against the euro and the yen, experts tell CNBC the greenback's positive run may be over shortly, as a fast recovery in the U.S. economy seems more unlikely.
A W-shaped recovery is more likely than a V-shaped one this year, and stocks look relatively attractive compared to other asset classes such as bonds, Juerg Zingg, managing partner at Q Investments, told CNBC.
Monday night, the Treasury Department agreed to lend GMAC $6 Billion out a new TARP fund set up to specifically help the struggling auto industry. This move, along with GMAC getting bank holding status last week are two huge steps in reviving a struggling auto industry. They may not be sexy moves, but they are critical moves.
With the auto companies on their holiday breaks, this is always a week when I think about the year ahead for the auto industry. In past years, some of the predictions I've made to myself have come true, while many more were so off the mark it was kind of funny. So: What will happen in '09?
The Dow rose in a holiday shortened session on Wednesday after a barrage of economic data signaled the economy was weak, but not as bad as feared...
Global markets were down Friday, tracking Wall Street's overnight losses. The dollar continued to fall, on track for the biggest weekly decline since 1985, and oil remained near 4-1/2 year lows.
Global markets look set to remain volatile until year-end, as the dollar reverses several months of gains and hits a 2-1/2 month low against the euro, and as oil falls to the $40-a-barrel level despite OPEC's historic supply cut.
Japan stepped up its warnings against the yen's rise to a 13-year high against the U.S. dollar, saying it would deal appropriately with the situation which may include forex intervention.
Lately we’ve heard a lot of talk comparing the U.S. and Japan. You might remember, their financial system froze in the late ‘90’s.
Global markets had mild gains Wednesday after the Federal Reserve cut rates to a range of zero and 0.25 percent, as many anticipated. Experts told CNBC that recent market volatility will continue for some time.