This is the year of the truck and SUV when it comes to Black Friday sales, which will cap what's expected to be a big month for bigger vehicles.» Read More
In this Web Extra, the traders talk market moving events in the week ahead including -- GM and Chrysler's viability plans, Obama's strategy for reducing foreclosures, Wal-Mart earnings and more!
Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.
Stocks opened slightly lower Friday, led by banks after British bank Lloyds posted a bigger-than-expected losses.
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.
Following are the day’s biggest winners and losers. Find out why shares of Continental Airlines and Viacom popped while Harley-Davidson and Capital One dropped.
Stocks staged a comeback in the final hour of trading Thursday following news that the Obama administration is mulling a new plan to subsidize mortgage payments for homeowners in jeopardy. In other words, the market finally got what Treasury Secretary Geithner failed to deliver: Details.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.
From The Chicago Auto Show, Frank Klegon of Chrysler
From The Chicago Auto Show, Jim Farley of Ford
From The Chicago Auto Show, Don Esmond of Toyota North America.
GM is trying to pull off a very tricky and painful double play. On one hand it is moving as quickly as possible to downsize the second largest auto maker in the world. On the other, it is trying to show Washington lawmakers that it is a viable company worthy of more government aid.
Anyone who has covered Intel during its 41-year history knows the company's strategy during tough economic times: You gotta spend money to make money, with today's announcement, Paul Otellini set a new standard.
Stocks ended mixed Monday as the much-anticipated bank-rescue plan was delayed for another day. Banks jumped amid hopes the bailout will save the stocks.
McDonald’s is trading up after reporting another month of strong same-store sales, a trend that continues despite the current recession and economic turmoil. Its low-priced menu items have evidently remained attractive to consumers. . .
US stocks opened lower Monday as the much-anticipated bank rescue plan was delayed for another day.
When I broke the news this morning about GM Vice Chairman Bob Lutz retiring I had mixed emotions. On one hand I thought to myself, "Good for him. If this is what he wants to do, he should do it." On the other hand, I was thinking to myself, "It's too bad he won't be 'in the arena' because this industry needs someone like Bob Lutz."
At a time when there is little good news, I hate to be the bearer of even more bad news, but it kind of goes with the territory. So here it is: Used vehicle prices have bottomed out and are moving higher.
US stocks looked set to hand back some of last week’s gains at the open Monday as the much-anticipated bank rescue plan was delayed for another day.