Stocks tumbled on the first day of the quarter and Dave Rovelli, managing director at Canaccord Adams, and Warren Meyers, CEO of Walter J. Dowd, said this may be an opportunity for bears to seize control.
We knew September sales would be terrible following the Cash for Clunkers pop in July and August. So when you see both GM and Chrysler down more than 40% it's not a shock. Ford, after posting its first monthly sales gain in August, fell 8.8%. Toyota down 6.1%.
The S&P 500 could continue to push higher as investors "climb a wall of worry," said Phil Roberts from Barclays Capital.
During October and November, we could see up to a 10 percent correction in developed equity markets and 20 to 25 percent in emerging equity markets, said Bob Parker from Credit Suisse.
Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.
It's long been clear the best part of Saturn was its dealer network: a collection of the savviest, most powerful and connected dealers in the country. They are the folks GM wooed in the late 80's and early 90's because they had been in the car business for years and knew how to do it right. For all the talk about Saturn having loyal customers and a clean image, the real value of the brand has been and remains the dealer network.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
After 20 years, plenty or promise, and plenty of "what ifs", Saturn is approaching the end of the road.
Cramer makes the call on viewers' favorite stocks.
Stocks closed out the quarter on a low note after rough economic data left investors questioning the strength of the recovery.
With evidence mounting that texting and driving is more dangerous than drinking and driving, nearly everyone agrees that it is a huge problem that must be stopped. Sure, 18 states have made it illegal to text and drive, but the fact is many people-especially teens-continue to type away while behind the wheel. So why not take the next step, and have cars come with a device that jams cell phone signals for those in the driver seat?
When the Toyota first announced a safety alert, two questions crossed my mind. First, how serious is this problem to fix? Second, how much will this stain Toyota's sterling reputation?
Less than two months after GM and eBay hooked up to try online sales of new cars in California, CNBC has learned the program will end as scheduled tomorrow.
Hyundai is picking up market share here in the U.S. thanks to a potent combination of much better product (both in terms of quality and styling) and savvy marketing. A company that was once dismissed as weak imitator of the Japanese automakers is now taking it to the folks from Toyota, Nissan, and Honda.
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Stocks fell for a third straight session Friday as disappointing reports on new-home sales and durable-goods orders offset an uptick in consumer sentiment.
The falling US dollar is expected to get even weaker, moving to the center of a carry trade and encouraging global investors to borrow more dollars to fund higher-yielding currencies and assets. Is this necessarily a bad thing and does this mean the dollar will become the new yen? Peter Schiff, president of Euro Pacific Capital shared his thoughts.
Almost two weeks into its campaign offering buyers of GM vehicles their money back if they are not satisfied, Bob Lutz likes what he is seeing. In fact, the Vice-Chairman is so confident the program will work, he is predicting fewer than 1% of those who buy a Chevy, Buick, Cadillac and GMC under this promotion will ask for their money back.
Stocks tried to claw higher Friday but struggled as disappointing reports on new-home sales and durable-goods orders offset and uptick in consumer sentiment.
Microsoft, in its latest attempt at a campy viral marketing campaign, is trying to get everyday users to throw a "House Party" (think Tupperware party) to spread the word to their friends about the upcoming Windows 7. Yeah, never put the geeks in charge of the party.