The government is increasingly likely to convert a $13.4 billion loan to GM into equity, giving taxpayers a big stake in the struggling auto maker, sources told CNBC.
Stocks rebounded from a morning slide and were trading modestly higher around lunchtime Wednesday, despite a wider than expected loss from Morgan Stanley...
Stocks rebounded Wednesday as Caterpillar led the Dow, automakers rallied and banks posted solid gains.
Instead of waiting for houses to become abandoned and then pulling them down, local leaders are talking about demolishing entire neighborhoods, the NYT reports.
Stocks opened lower Wednesday as investors looked for further guidance from Treasury Secretary Timothy Geithner and the next batch of corporate earnings.
Happy Earth Day everyone! On this day designed to inspire awareness and and appreciation of the environment, we decided to give you a feel for how green (or not) your neighborhood might be.
Stock index futures pointed a lower open Wednesday as investors looked for further guidance from Treasury Secretary Timothy Geithner and the next batch of corporate earnings.
Stocks ended higher Tuesday as investors were encouraged by comments from Treasury Secretary Tim Geithner that most banks are well capitalized.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on traders and the market Tuesday.
As the world grapples with headlines about bailouts, bankruptcies and pirates, a lone dove has emerged on YouTube to save the global economy.
Stocks turned mixed Tuesday as another wave of disappointing earnings news weighed on the market but tech stocks shined bright.
In recessions investors tend to return to safe havens like government bonds, the US dollar, gold and consumer staple and drug stocks and cash flows out of what are considered more discretionary sectors.
For Chrysler President Jim Press, trying to convince people his company is not going bankrupt is an uphill battle.
US stock index futures turned lower ahead of the open Tuesday after key corporate earnings sounded a note of caution for investors.
Stocks ended sharply lower Monday as Bank of America earnings and stress-test buzz dragged down financials. The Dow lost about 290 points, or 3.6 percent. The tech-heavy Nasdaq shed nearly 4 percent and the S&P 500 tumbled 4.1 percent.
The pros all agreed that the days of the market shrugging off bad news are over, and the bear-market rally probably is, as well.
When I was first asked to moderate a question and answer session with California Governor Arnold Schwarzenegger, I immediately thought, "What a delicious opportunity to talk to a man who has told Detroit to 'get off its butt' and start building the next generation of cars and trucks people want."
Although down on the open this morning, the major indices are starting today with 6-week winning streaks behind them. The Dow, S&P 500 and NASDAQ are up 22.70%, 27.25%, and 29.31% over their respective runs. On a percentage basis, the indices are having their best 6-week rallies in years.
Stocks tumbled at the open Monday as investors braced for the next batch of corporate earnings. The Dow dropped more than 100 points, or 1.5 percent in the first few minutes of trading. The tech-heavy Nasdaq lost nearly 2 percent.
US stocks looked set to drop at the open Monday as investors braced for the next batch of corporate earnings.