Stocks fell Monday amid doubts over the health of the banking industry and the apparent collapse of a major deal in the technology sector.
Remember when Ford shares touched $1.01 a few months back and people were speculating about when the troubled automaker was "forced" into bankruptcy? Those days seem like a distant memory.
GM might be down, but it’s not out. According to its new CEO bankruptcy might not be a foregone conclusion.
After 26 years as one of the most politically connected investment bankers on Wall Street, Steven Rattner finally took a job in Washington — only it is not quite the one friends and business associates thought it would be.
In the week since President Obama's Auto Task Force decided GM and Chrysler were not viable, much of the focus has been on the future of GM, who runs the company, and how the country can save its largest auto maker.
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On a week dominated by news in the autos sector, President Obama and the G20 summit; all major indexes closed positive on Friday, and up over 3% or greater for the week, led by the Russell 2000 with a weekly gain of 6.32%.
Stocks turned mildly positive as investors looked to close out the week's rally on a positive note.
Yesterday, two Dow components crossed over their 200-day moving averages. There are now 3 Dow stocks trading at these levels. Here is a break down of the 30 Dow stocks with respect to their 50 and 200-day averages.
The latest overall job loss numbers showed a loss of 663,000 jobs in March and the unemployment rate climbed to 8.5%. This is the highest unemployment rate since 1983. The January numbers were revised to a loss of 741,000 but the February numbers were kept as previously reported. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Calling it "general theft," Sen. John McCain blasted the Obama administration's budget proposal on CNBC Thursday.
In a new threat to Detroit, China is investing heavily in hybrid and electric-vehicle technology.
We are confident that the overwhelming pessimism will pass and that the economy and that markets will recover, writes Michael Farr.
US stocks looked set to continue their positive start to the quarter and jump higher at the open Thursday, as investors will look for reassurance from global leaders at the G20 summit in London.
It looks like bankruptcy might really be in the cards for General Motors, after all.
Stocks closed higher as some mildly optimistic economic news helped Wall Street begin the second quarter on a positive note.
March sales fell sharply for General Motors, Ford Motor and Chrysler, but not as much as industry analysts had feared for any of the companies. Sales of Japanese automobiles also fell, though less steeply than they did for U.S. automakers.
Lots of cross-currents today. The bad news is the ADP report was very poor, implying that nonfarm payrolls on Friday will be weaker than expected. But there is good news as well, as the ISM report, as well as GM and Ford's February sales reports were, as they say, "less bad."
Auto industry legends weigh in on President Obama’s push for the right solution.
Wednesday: Pending sales of existing U.S. homes inched upward but home values keep slipping. Job losses in the U.S. private sector accelerated more than expected in March but planned layoffs are down. Pres. Obama urged unified action at the G20 meeting. Four regional banks were the first to pay back TARP funds. CNBC heard from experts who said the market will make a major move around Easter — and went overweight in stock portfolio allocation.