Stocks opened higher Thursday as investors took heart from signs of recovery in the economy and the Federal Reserve's statement that the economic outlook was improving.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on Wednesday's market.
In yet another expansion of the TARP program, Treasury Secretary Timothy Geithner plans to use the $700 billion financial bailout fund to buy up debt from the troubled auto industry.
Stocks advanced but ended off their highs Wednesday after the Federal Reserve said the recession appears to be easing.
What does today's Fed decision mean? BlackRock's Bob Doll offered CNBC his insights.
GM and Chrysler dealers have both hired lawyers to represent them in bankruptcy proceedings, CNBC has learned.
President Obama promised CHANGE in his campaign for President, and after 100 days in office, it is easy to give him a grade of A++ on keeping that promise. I must leave it to historians to gauge whether or not his first 100 days will take the top prize in terms of changes instituted in this country, but for sure he will get honorable mention.
Over the last two weeks one of the more intriguing (and downright scary to some people) suggestions is the idea of the auto task force killing the Chrysler brand. I'm not talking about the Chrysler corporation, but simply the Chrysler brand. Three months ago that idea would have been roundly dismissed as "crazy talk", not anymore.
The Chairman of the Federal Deposit Insurance Corporation, Sheila Bair, said she thinks the FDIC should have the authority to close "systemically important" financial institutions.
Futures pared gains Wednesday after the first look at first-quarter GDP showed the economy contracted at a sharper pace than expected.
First Quarter GDP fell by 6.1%, much worse than expected. This comes after the final numbers for Fourth Quarter GDP was down -6.3%, the worst quarter since Q1 1982 when economic "growth" was -6.4%. Here is a breakdown of where the economy is shrinking most.
Citigroup is discussing its capital levels with the Obama administration — but the financial giant doesn't expect to need more government assistance, reports said Tuesday. But speculation continues to swirl around Citi and Bank of America. See David Faber's report here.
The industry is reeling, but it doesn't mean you have to walk away from the thought of buying American.
GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.
Forget politics. Cramer has a better way to judge the president's performance: stocks.
Concerns that the recent outbreak of swine flu could reach pandemic proportions dragged down the Dow and S&P Monday with investors hammering airlines, hotels and more.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders and favors the unions.
Bondholders would be "nuts" not take General Motor's offer of 225 common shares for each $1,000 principal amount of notes, billionaire investor Wilbur Ross told CNBC.
Despite recent gains in the stock markets, many experts remained grim and skeptical about an economic recovery.