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Volume was heavier; instead of a low volume, high volatility sell-off, this was an old fashioned high volume, high volatility sell-off; in other words, sellers materialized.
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.
As Capitol Hill wrestles with a bailout of the Big Three Detroit automakers, CNBC decided to look into the Senate representation of the U.S. automotive manufacturing base. What follows is a state-by-state compilation of auto plants:
It's hard to say if the Big 3 CEOs blew it on Capitol Hill, but it certainly wasn't the best couple of days. While Rick Wagoner, Alan Mulally, and Bob Nardelli all gave legitimate answers and tried their best to spell out just how important a $25 Billion loan is to their survival, their hearings did not turn out well.
Stung by outsize investment losses, some of the nation’s biggest companies are pushing Congress to roll back rules requiring them to put more money into their pension funds, just two years after President Bush signed a law meant to strengthen the pension system.
You could hear the screams on Wall Street (and perhaps a few sighs of relief that the bloodletting was over -- for today at least) when the Dow closed down 427 points -- to a level BELOW 8,000 for the first time in over five years. The market's in "critical condition," says Cramer, and likens it to a "hospital emergency room."
Senate negotiators sought to craft a compromise plan to bail out US auto makers, though prospects for a deal before Congress adjourns for the year still appeared remote.
The Dow tumbled on Wednesday closing below the psychologically important 8,000 level for the first time since March 2003.
Stocks plunged to a more than five-year low amid worries about the fate of the auto industry — and the economy — as a bailout for the sector grows increasingly unlikely.
If Congress turns its back on the Big Three auto makers—as many expect—investors probably won't drive the stock market off a cliff.
When it comes to the auto industry, there are more than just millions of auto-related jobs on the line. Billions of dollars in advertising—arguably the cornerstone of the industry—is at stake.
The flight into Treasuries, as well as the fact that credit default swap spreads are widening, is causing broad weakness in the stock market. .
Stocks declined Tuesday amid worries about the fate of the auto industry as a bailout grows increasingly unlikely.
An appeal for money from the Big Three is certainly generating a lot of interest among Fast Money's audience. What do you have to say?
Stocks opened mixed Tuesday as a pop in commodities and sharp drop in consumer prices briefly offset worries that Congress won't bail out auto makers.
To say law makers are skeptical about whether it makes sense to help out Detroit would be an understatement. The Big 3 and the UAW have failed to sell Congress on why they should help the auto industry.
The Consumer Price Index had its biggest one month drop ever. Here is a breakdown of the inflation benchmark to show you where costs are falling most.
There are ‘stock’ people and there are ‘bond’ people. I am a stock person and have been all my life. It suits my personality because stock people are optimists. We see the glass as half full.
Stock index futures pared their losses Tuesday after a report showed consumer prices posted their biggest decline in 61 years.
Do Chinese automakers need a bailout? China's auto industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives tell the New York Times.