Stocks rose Tuesday, even after dismal reports on CPI and housing starts, as investors hope for new direction from the Federal Reserve when the central bank delivers its decision on interest rates today.
With the film strip of our lives playing out as we buy, sell, curse, and embrace our cars, it's no wonder we are passionate about what we want to see happen to the Big 3. But here's the problem: few of us seem willing to accept the other side is saying stuff that may have some merits.
U.S. stock index futures indicated a higher open Tuesday as investors hoped for fresh direction from the Federal Reserve along with another cut in interest rates.
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
As Detroit waits to see how much financial help it will get from the White House and how that aid will be structured, we keep hearing one thing over and over. The Bush administration wants to avoid a "disorderly bankruptcy" in the auto industry. This is not good news for GM and Chrysler.
U.S. stock index futures were mixed as contradictory information on a bailout package for troubled automakers were making investors nervous.
Do you think allowing the auto companies to go bankrupt would cripple the US economy?
The Dow rose on Friday on hopes that a lifeline for struggling U.S. automakers could still materialize...
Stocks ended higher Friday after a topsy-turvy day of wondering if auto makers would get a bailout or face bankruptcy.
If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
Most on Wall Street expected Dow declines worth a few hundred points, but that didn't happen. So what's going on?
Stocks traded mixed after the Treasury offered to help prop up the auto makers after the Senate rejected the $14 billion bailout passed by the House.
Polls show Americans split on bailing out the U.S. automakers, a highly visible troubled sector in a country grappling with recession. Melvyn W. writes, "They must not be bailed out...
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Stocks tumbled at the open as the market was weighed down by the Senate's rejection of the $14 billion auto bailout and news of a $50 billion fraud scheme on Wall Street.
"Karnac the Magnificent" I am not. Heck, for weeks I've been predicting Congress would ultimately come up with a bailout for the Big 3. So after the Senate shot down the aid package last night, it's no wonder my wife said to me, "Gee Einstein, guess you were wrong about what would happen on Capitol Hill."
With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.
U.S. stock index futures pointed to a lower opening for Wall Street as a plan to pour $14 billion into the cash-strapped auto industry failed in the Senate, leaving the White House searching for a solution.
Stocks closed sharply lower, led by financials after comments from JPMorgan CEO Jamie Dimon and as investors worried about the fate of the auto bailout.
Stocks turned mixed Thursday as a rise in commodities stocks offset pressure from a weak jobs report and a sharp drop in import prices.