July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.» Read More
With the UAW and Ford announcing they have agreed on a plan to re-work funding of union's Voluntary Employee Beneficiary Association, it is an important step not only for Ford, but GM and Chrysler as well.
The U.S. unemployment rate -- now at 7.6 percent, the highest in more than 16 years -- is expected hit a peak of 9 percent this year, according to the latest survey by the National Association for Business Economics to be released Monday.
When I woke this morning and surveyed what the morning papers carried about the auto industry, one article in the Detroit News about what cars the Obama Auto Team members own caught my attention -- It brings up the question: Will the cars these members drive influence their decisions regarding GM and Chrysler?
Despite the jumps in banks' shares in morning trade following reports the U.S. government may seek to get 40 percent in Citigroup, experts tell CNBC banks still have skeletons in their closets.
The S&P 500 could slump over 20 percent throughout this year and into the next as the index fails to form a firm base at current levels, Robin Griffiths from Cazenove Capital told CNBC Monday.
Surprise, surprise. Citigroup is not quite as healthy as they would have us believe. Turns out that their asset levels as measured by TCE, and maybe other measures for all we know, are lacking. The shoe is dropping as we speak.
CNBC's Rick Santelli leads the trader mortgage revolt. Would you want to join his "Chicago Tea Party?" Let us know:
CNBC's Rick Santelli touched a nerve last week. Here, he explains what led to that now-famous "shout heard 'round the world."
Will the Obama Administration's plan to save the U.S. economy actually help the markets? CNBC's Rick Santelli on Thursday sparked a revolution of sorts on the floor of the Chicago Board of Trade. His televised rebuke has been heard around the world. From The Chicago Tribune to TV Newser, read what others are saying about his rant...
Halfway through the trading day, GM shares hit levels not seen since 1938....A lot investors are starting to wonder if GM stock is worthless.
CNBC's Rick Santelli's impromptu and impassioned revolt against the Obama administration's housing bailout quickly spread to Europe, dividing popular opinion clean down the middle and igniting red-hot political debate.
Friday: Bank nationalization is the big topic du jour. Everyone seems to dislike the idea, but more and more analysts are begrudgingly calling nationalization the inevitable next move in the financial crisis. UBS widened its tax probe; a survey of U.S. homeowners showed more depreciation; and gold rose over $1,000 on investors' flight to safety. CNBC heard from experts who said the U.S. dollar will emerge as the ultimate safe haven; and Citigroup and Bank of America will indeed survive.
When President Obama’s Auto Team meets for the first time Friday morning, it will be off camera, behind closed doors, away from reporters. Maybe that's good. After all, fixing this industry could be messy, very messy.
Global stocks ended the week in the red, near 6-year lows, as pessimism over the economy and banking sector set in, scaring investors away from stocks and back into bonds and gold.
The S&P 500 is in serious trouble and could sink more than 20 percent to 600 points, Nick Batsford, technical analyst from Hobart Capital, told CNBC.
Investors hoping the government bailout plan will rescue the housing industry are making a risky bet, judging by analysts' reaction to the plan.
Saturn owners are getting an e-mail today that essentially tells them their beloved brand is not going to die.
President Obama's much-anticipated plan to deal with the U.S. housing crisis aims to help as many as 9 million families avoid foreclosure on their homes.
Despite the economic downturn, there is no downturn in the Exchange-Traded Fund (ETF) business.
Billionaire investor Wilbur Ross, chairman and CEO of WL Ross & Co., shared his insight on Obama's economic plans, the SEC, the housing market and more with CNBC.
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