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"I don’t see what’s in the history of the automakers that leads anyone to believe that a $25 billion dollar loan isn’t just throwing good money after bad," says Karen Finerman. Agree?
What's (not) up with small cap stocks? A glance at the market Tuesday showed the Dow down about 1 percent but the Russell 2000 Small Cap Index down more than 3 percent, causing many an observer to wonder what the heck is — or isn't — going on with the little guys.
If the US auto industry is to survive, it will have to undergo a major transformation—slashing operations, focusing on fewer models, shedding dealerships and making better cars, analysts say.
Stocks made another attempt at a rally Tuesday as investors juggled uncertainty over the govenrment bailout plan and an encouraging outlook from Hewlett-Packard.
Ford CEO Alan Mulally says the bankruptcy of even one of America's auto companies could bring down the entire industry.
An opening pop quickly fizzled Tuesday as the market's gloomy mood overshadowed an encouraging outlook from Hewlett-Packard.
Before flying into Washington D.C. for two days of Congressional hearings, Ford CEO Alan Mulally told me that he's looking forward to talking with U.S. Senators and explaining how Ford is transforming its business.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
The latest job cuts in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.
Stock index futures were indicating a sharp loss Monday for Wall Street, as investors worried over the future of the auto industry and more signs emerged of a retail slump.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Another week of volatility is over: major declines Monday through Thursday morning, followed by a huge rally Thursday afternoon, ending with a failed rally today. What's ahead next week? Cramer thinks the downside may not be over and poses a major question: if you knew there was another Lehman Brothers ahead -- the collapse of LB being the instigator for most of the financial crisis that started early this Fall -- would you buy or sell?
Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.
As the mess in Detroit continues to get worse, and the Big Three automakers continue to lobby the government for a bailout, it's looking ever more likely that we could be talking about a Big Two before long.
For better or worse, the CEOs of GM, Ford, and Chrysler have bought into the idea that this "spinning" is the way to win over the public and law makers. They are no doubt being told that this is the way to stop people from believing Detroit brought many of these problems on themselves.
General Motors, with dire warnings, is seeking a bailout, but skeptics point to the benefits of bankruptcy, which can offer a new start.
An old friend of mine always used to say, "There's no such thing as a free lunch."
It sounds simple enough, but this sector's at the heart of all our problems, Cramer says.
Stocks looked set to go three for three, opening lower once again as doubt about the effectiveness of government intervention seeped deeper into the market. The Dow fell nearly 200 points, or 2 percent, in the first few minutes of trading.
Democratic congressional leaders plan to begin work next week on a financial bailout for the troubled U.S. auto industry.