Legislation to inject more money into the "cash-for-clunkers" program will pass the Senate before the start of a month-long recess at the end of this week, Senate Majority Leader Harry Reid said Tuesday.
Stocks ended flat Tuesday as investors took a breather after Monday's blockbuster rally.
The Senate is readying an extension of the so-called Cash for Clunkers program, potentially providing more consumers with another chance to cash in on the popular government program. But does it make sense for you to make use of this program?
Stocks struggled to stay in positive territory for any length of time Tuesday as profit-taking after Monday's blockbuster rally overshadowed a fifth-straight rise in pending-home sales.
Daniel Loeb's Third Point fund, with $1.8 billion in assets under management, has had a successful second quarter. In its most recent letter to investors, acquired by CNBC, the hedge fund reports the following returns and holdings.
Stocks bounced back from a lower open Tuesday after a surprisingly sharp jump in pending-home sales.
There are several "short-term tactical standpoint" plays to be made now, said Dean Curnutt, president of Macro Risk Advisors.
General Motors, Ford and Chrysler are not the only ones working through wrenching restructurings. Toyota is, as well, though with a much lower profile.
The recent stock market rally has not deterred investors from pouring millions into municipal bond funds. Weekly inflows have topped $900 million over the past few weeks according to AMG Data Services.
I can still remember the day a few years ago when Alan Mulally, recently installed as the Ford spacer CEO, told me his company was changing the name of the Ford 500 to Taurus. Along a few slight styling tweaks, the idea was to bring the Taurus name back and stoke some recognition with buyers who were writing off the blue oval.
Cramer makes the call on viewers' favorite stocks.
Better economic news keeps biting into the dollar, and it could for awhile. That trend is also propelling stocks, and on Monday, the S&P 500, the Dow and Nasdaq all closed sharply higher. They also all cracked big round numbers, with the Dow finishing up 1.25 percent higher at 9286, its first close above 9200 since November.
All this week, the Fast Money traders are giving you their picks for the long haul, the really long haul. We're talking the next 5 years!
Bullish reports on manufacturing, housing and banking sent the S&P 500 barreling higher; taking it past 1,000 for the first time since early November. How much higher can we go?
So if you didn't make it to the dealer last week, have you missed your chance for the cash—and are you stuck with your clunker?
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, strong bank earnings out of Europe and news that auto sales got a boost from the "Cash for Clunkers" program. All three major indexes were up about 1 percent and the S&P 500 was hovering around the 1,000 mark, the first time it's reached that level intraday since Nov. 5. Read and listen to what the experts had to say…
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Ford Motor's sales growth outpaced its rivals from the U.S. and Japan in July, rising 2.3 percent to give the automaker its first year-over-year monthly sales increase since November 2007, thanks in part to the U.S. government "Cash for Clunkers" program.
Economy: better signs. Markets driven by stronger economic news and commentary from banks and autos.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, plus strong bank earnings out of Europe and expectations for strong auto sales. The S&P briefly topped 1,000, a level it hasn't seen since November.