The sales lead of the Big Three automakers—especially GM and Ford—is a far cry from what it was in 2000 as competition heats up.» Read More
Fannie Mae up 6 percent pre-open as the House overwhelmingly passed the housing bill. It will get new regulators for Fannie and Freddie, and authorizes the federal government to potentially invest billions in the two companies.
Cramer makes the call on viewers' favorite stocks.
the Fed Beige Book describes the economy as having 'slowed." JD Power cut their outlook for auto sales, projecting a 12 percent dip in sales for 2008 compared to 2007 (to 14.2 million cars and trucks), which would be the lowest level since 1993
Toyota Motor may cut its 2008 global vehicle sales target by as much as 350,000 units to about 9.5 million because of declining sales in the United States, Japan and Europe, according to news reports.
It may be the number one question I get from people when they ask about the struggling U.S. automakers: Who would want these guys if they ever go belly up or get sold?
First, as oil has dropped like a rock, a lot of money has shifted, at least temporarily from commodities to stocks. Money that had to go someplace, and GM shares were a perfect buy. This stock, in my opinion, was way oversold when it dropped under $9 a share.
"Buy and hold" is bad investing advice. Here's why.
Over the last two months, I've heard one comment over and over about the dire straits Detroit's Big 3 find themselves in right now: Just go bankrupt and wipe the slate clean. This is one of those ideas that on paper makes sense on some level.
The European car market suffered another month of heavy declines in June and its fourth drop overall this year as rapidly deteriorating economic conditions kept new car buyers from leaving the house.
Actually, no. Too bad Chris Cox doesn't know that.
Nearly 1.4 billion shares and over $16 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
On Mad Money we pander to neither panic nor euphoria. On Tuesday, an up day, Jim urged everyone to get out of the financials. I can't emphasize how important it is that we go negative on up days, but history can. The 234 point rout yesterday afternoon is a pure example of what I'm talking about. We try not to be too down on down days, and emphasize extreme caution on up days because that's useful.
For as long as I've worked the auto beat, I've heard the same thing, "watch out for the Chinese car companies!" The theory/fear being, Chinese automakers will get to the U.S. market and work quickly to make their mark.
Mazda Motor is confident it will achieve its U.S. sales target of 290,000 vehicles in the business year to next March despite a sharp downturn in that market, a top executive said on Tuesday.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. $4 oil has some wishing they could escape their big gas guzzlers... and with the public's renewed interest in fuel efficiency this company is trying to better focus on what’s working. Today, the stock was higher on speculation that it could sell its Volvo unit. Who is it?
To help put the current inflation spiral into perspective, Guy Adami examines another period in history when inflation was out of control. The 1970’s!
For the short Independence week ending Friday, July 3, 2008, the U.S. Markets ended the week in bear market territory with the Dow and the NASDAQ off more than 20% from their market peak set in October, 2007.
Talk about a tough week. On Monday Chrysler announced it would be shutting an assembly plant outside St. Louis and stripping out the shift of another one in Missouri. Then yesterday, the company reported June sales that put the company's market share for the month at 9.9%.
As automakers dropped their latest batch of awful sales numbers on the market on Tuesday, reinforcing the gloom spreading across the economy, the troubles confronting American workers seemed to intensify, the New York Times reported.
There's a good chance stocks could hold onto some of their positive tone Wednesday, and maybe even into Thursday, as traders search the rubble for bargains.