A coalition of government watchdog groups is urging states to stand firm against Tesla Motors' demand for millions of dollars in incentives to win its so-called "Gigafactory".» Read More
Monday's market is still feeling last week's pain, as lowered earnings outlooks add to the downward pressure from big bank downgrades. And forensic analysts continue to sift through the alleged Bernie Madoff fraud, asking: Can investors get anything back? But CNBC heard from experts who are anticipating an annual Santa Claus rally — and think it's crucial to buy oil stocks and other selected equities now.
Stocks turned lower Monday as a pair of lowered outlooks arrived just in time for the holidays.
The TARP plan that debuted in October was described as a way to purchase toxic assets from banks and other lenders in order to unclog the credit system, which is so essential to the efficient functioning of the economy. I supported that plan then, and I still do now.
Most of you are waking up this morning, hearing that Toyota has just forecast it's first annual loss in decades, and may be saying, "Wow, even Toyota is hurting." This news shouldn't come as a surprise.
We have been seeing volatility and volumes decline for the past two weeks. Whether this is due to the Christmas slowdown or to a genuine belief that stock volatility will be moving down in the coming months is hotly debated.
Mortgage rates are falling, a housing bottom looks near, oil's at $34, and GM lives to see another day.
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
The stock market ended both the day and the week essentially flat, with the twin stimuli of interest rate cuts and an automaker bailout unable to overcome a weakening economy and pessimism about the future of the banking system.
On Friday, stocks are holding onto modest gains. The news the government is extending $17.4 billion in loans to Chrysler and General Motors was well received at the open, but markets haven't been able to sustain those gains. Retailers are acting squirrely on concerns about weak Christmas spending, and financials are mixed after Standard & Poor's cut its outlook and ratings on 12 major banks. One thing giving traders hope: the continued slide in the VIX.
On Friday, the auto bailout was announced: General Motors and Chrysler will get up to $17.4 billion in short-term loans from the U.S. in return for deep concessions. Treasury boss Hank Paulson reversed himself, asking for the second half of the TARP fund. Who gets bailed out next — and where does it end? Strategists told CNBC the bailout is going to make things worse; but one airline CEO sees a healthy Darwinian process.
Stocks advanced Friday after Bush announced details of a rescue plan for auto makers.
General Motors and Chrysler will receive up to $17.4 billion in short-term loans from the US government as part of an aid package to the troubled auto industry.
The US government could be entering a bottomless pit of bailouts if it starts propping up failing companies outside the financial sector—including the struggling auto industry, economists say.
U.S. stock index futures pointed to a cautiously higher open for Wall Street Friday as troubled automakers reportedly are close to an emergency loan deal.
President Bush, General Electric and oil all came together to kill the markets.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
Thursday: U.S. jobless claims eased from a 26-year peak but still showed weakness in the economy. After the Federal Reserve's moves this week, homeowners are scrambling to refinance; the dollar is sliding against the euro. And the second half of the $700 billion TARP bailout fund looks likely to go toward foreclosure relief and economic stimulus. CNBC heard from experts who say crude oil prices are finally correct — and oil, stocks and gold are going to soar.
Financing company GMAC said in a regulatory filing Thursday that about $16.9 billion, or 58 percent, worth of its notes have been tendered as part of a plan to swap $38 billion of debt and amass enough regulatory capital to become a bank holding company.
U.S. stock index futures were mixed Thursday as the possibilty of global interest rates at zero increased and deals both broke down and reemerged.