U.S. stocks pulled back from recent highs to close lower, as investors weighed soft auto sales and looked ahead to domestic data.» Read More
Over the last two weeks I've done several reports on TV and written in this blog about tighter credit hurting auto sales. For the industry, September sales dropped 27% and nearly everyone in the industry admits that a big reason for the plunge has been the deteriorating credit markets.
Stocks ended lower Wednesday amid concerns about strained credit markets and the economic slowdown. Banks rallied as investors were encouraged by progress on bailout talks on Capitol Hill. GE got a vote of confidence -- to the tune of $3 billion -- from Warren Buffett.
GE's announcement of a $15 billion capital raise ($12 b in common, $3 b in preferred to Warren Buffett with a 10 percent dividend) is difficult news for shareholders, but everyone agrees that two things need to be done:
How bad is the auto business right now? Every automaker is feeling the pain, not just the Detroit 3. In the last week, showroom traffic (people simply visiting a dealership) is down 50% compared to the same time last year.
SEC ban on short selling in financials is likely to be extended, NYSE CEO Duncan Niederauer said on a webcast with NYSE listed companies and reporters.
Whether or not you agree with Congress voting down the $700 billion bailout, one thing is clear, this is bad news for automakers and auto dealers.
If you can't read a balance sheet, then leave investing to the professionals.
By the end of this weekend, lawmakers in Washington are expected to approve $25 Billion in low interest federal loans.
Cramer makes the call on viewers' favorite stocks.
Chrysler CEO Bob Nardelli says tighter consumer credit is making it tougher to sell a car. Now the industry as a whole wants the federal government to take bad auto loans off the hands of auto finance companies.
Ladies and gentleman, there's a new team entering the great race in the auto industry to build the first mass market electric vehicle: It's Chrysler.
Over the last six months as I've filed numerous stories about the Chevy Volt, Nissan's plan to build an electric car, and Ford's focus on increasing fuel efficiency, I have heard the same thing from you: That's great, but what's Toyota doing?
You know what I've heard a lot this week? Auto sales will stay weak through 2010. This has me wondering where the buyer has gone, and why some are convinced the buyer won't come around anytime soon.
I admit e-mail responses from bloggers and readers is not a scientific sampling. I admit these answers may only represent a small portion of the public.
Long before General Motors unveiled its new electric car, the Chevy Volt, there was a buzz around GM that this car should be a winner. That's right, I used the words: should be. Predicting any car will be a hit is often a fool's game.
The Lightning Round is extended in this CNBC.com exclusive feature.
Today marks the last day of General Motors first 100 years. While the company will mark the occasion tomorrow by unveiling it's new electric car, the Chevy Volt, I have a much more sobering question:
Investors should prepare for the worst just in case it turns out that Ben Bernanke knows nothing yet again.
Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.
Top economists discuss the fate of Lehman Brothers and how the company's outcome will affect the stock market while the CEO of Ford restructures his company—focusing on improving fuel mileage and efficiency. Plus, Hurricane Ike is expected to strike the southern US coast early on Saturday, bringing a massive storm surge that could prove fatal for those who have not left the area. Following are today's top videos: