GM was hit with a lawsuit from customers who said their vehicles lost value because of ignition problems that prompted a recall of 1.6 million cars.» Read More
It's all in the attitude today: Stocks rose after an improvement in consumer confidence. Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.
In this world, I've long believed that people are either new car/truck buyers, used car/truck buyers, or someone who leases a vehicle. These days, those in that third category are feeling the heat. It's coming from higher interest rates, and being squeezed by the car/truck they are driving.
General Motors says it's cutting production by another 117,000 vehicles as a result of lower demand for pickup trucks and SUVs.
Jon Hilsenrath of The Wall Street Journal offered his weekly "Five for five": the five companies and their stocks that you must pay attention to this week.
The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...
Oil was down last week, and we had some decent economic numbers on Friday, so the questions on everyone's mind is what groups might be overbought/oversold to play for a short-term bounce. The chief groups are energy and financials.
Toyota Motor on Monday cut its 2008 groupwide global sales forecast by 350,000 units to 9.5 million vehicles due to a pronounced downturn in the U.S. market, in a rare setback for the world's biggest automaker.
Following are the week’s biggest winners and losers. Find out why shares of T. Rowe Price and Honda popped while General Motors and Costco dropped.
Stocks pulled off modest gains Friday as enthusiasm for some better-than-expected economic reports outshined a warning from S&P of a possible downgrade on Fannie Mae and Freddie Mac.
Stocks remained fairly range-bound this afternoon, but finished slightly to the upside. The Dow’s 119-point range today is its narrowest in just over a month. However, many of the sectors that performed poorly yesterday continued to be disappointing today.
Stocks wobbled Friday as investors weighed a potential S&P downgrade on Fannie Mae and Freddie Mac against some encouraging economic reports, including consumer confidence and durable-goods orders.
Stocks rose Friday after some robust economic data, including a rebound in consumer confidence and an unexpected increase in durable-goods orders.
Stocks ended sharply lower Thursday as the market got a triple whammy: Oil resumed its ascent, major earnings reports sparked a fresh wave of concern about corporate profits and home sales hit a 10-year low. All three major indexes lost at least 2 percent.
The theater? Citigroup and XTO Energy. Cramer explains why.
After years of false starts, a new industry selling motor fuel made from waste is getting a big push in the United States, with the first commercial sales possible within months.
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.
The Dow fought its way higher on Wednesday as oil prices fell and positive sentiment swelled on hopes that lawmakers will soon approve a rescue plan for Fannie and Freddie.
General Motors trailed Japanese rival Toyota Motor in global vehicle sales decisively through the second quarter and first half of the year, hurt by a large decline in North America.
The nation's power grid is sorely in need of being updated. In many areas it's pushed to the limit, especially during high use times like the summer months. Remember a few years ago when there were rolling brownouts in California?
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.