Mike Jackson, leader of the nation's largest auto dealer chain, said Wednesday Volkswagen's U.S. emission deception is "absolutely shocking" and a "systemic failure."» Read More
The EC president declared that "there is an accord" on Greece; this will be discussed next week by the European Union finance ministers. The Germans have dropped all sorts of hints that there will be a price to pay. And: A pass for February? Get ready for economists to discount lousy economic news, due to the snow storms. And this time they may have a point.
Stock futures, already in positive territory on an apparent deal to rescue Greece, added to gains on good news from the labor market.
What follows is a roundup of corporate earnings reports for Thursday, Feb. 11
Stock picking will be back in favor this year, said Amy Falls, chief investment officer of Andover Academy. She shared her market strategy.
Wall Street rebounded from its weakest session of 2010 with a mildly positive start on Wednesday. What should investors be watching for in the markets? Art Cashin, director of floor operations for UBS Financial Services, offered his insights to CNBC.
The US auto industry is on the fast-track to recovery and will sell one million more vehicles this year than in 2009, Autonation CEO Mike Jackson told CNBC.
Additional economic stimulus such as a payroll tax cut would boost hiring, Mike Jackson, the CEO of AutoNation, told CNBC on Thursday.
S&P 500 futures popped about 7 points as the initial Q3 GDP showed growth of 3.5 percent, above consensus of 3.2 percent. Also helping: continuing jobless claims fell to their lowest levels in seven months.
That’s positive, not Pollyanna. Cramer explains why his bullish outlook is downright realistic.
The list of failed bank continues to grow as the FDIC’s troubled bank list currently stands at 416 troubled banks. Wilbur Ross, chairman and CEO of WL Ross & Co. explained that he expects to see further trouble ahead for banks.
Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.
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From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.
AutoNation, the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline.
Stocks ended sharply higher on Friday with the Dow, S&P 500 and the Nasdaq all closing at a new highs for 2009.
Mike Ward of Soleil/Ward Transportation Research had a fascinating conference call the other day with R.L. Polk consultants. In addition to learning that India has 0.01 car per person, other trivia are that there are 0.14 cars per person worldwide. The U.S has 0.83, Western Europe 0.60, Japan 0.58 per person, and China 0.03. You can see where the market opportunity is!
What should investors do in this volatile market? Managing directors Charles Crane at Douglass Winthrop Advisors and Lawrence Glazer at Mayflower Advisors shared their market outlooks.
The financial crisis is going to "haunt us for a long period of time" and secular, non-traditional headwinds are going to act as a governor to economic growth and stock market performance, said Doug Kass, founder and president of Seabreeze Partners Management.
AutoNation CEO Michael J. Jackson told CNBC Wednesday the government owes his company about $45 million in rebates from the cash-for-clunkers program, but said he still has faith in the program.
Futures drop on GDP; can "preliminary" numbers really be trusted? Good news! The decline in second quarter GDP was better than expected (down 1 percent). It's the fourth drop in a row (the longest since quarterly records began in 1947). So why did S&P futures drop about 5 points on the news?