The Dow Jones Industrial Average opened at its lowest level in 12 years, slipping below 7,000 as investors grew increasingly skittish over the state of the stock market amid the wave of government bailouts.
While January was a poor month for the markets overall, February turned out to be worse. Both the Dow Industrials & S&P 500 once again had their worst month since last October – a feat which they both achieved in January as well. Will March be any better?
Ford Motor executives met Friday with the Obama administration's auto industry task force but the company said it was not seeking emergency financial aid.
The credit crisis and downward spiral of the economy can be a drag. But put some pictures or music to it and it can be downright fun. Let’s turn that frown upside down! For your weekend viewing pleasure, a few artistic interpretations of the current hole we find ourselves in.
Fourth Quarter GDP, was revised down to -6.2%, the worst quarter since Q2 1980 when economic "growth" was -7.8%. The revision is a significant move from the -3.8% that was originally reported. Here is a breakdown of where the economy is shrinking most.
Following are the day’s biggest winners and losers. Find out why shares of Yahoo and IBM popped while General Motors and Merck dropped.
It was another down day on Wall Street as health-care stocks tanked amid worries that President Obama's budget will clamp industry profits.
CNBC has learned that despite the fact that Pontiac is the official car of the NCAA and the final games are being played in the city of GM's headquarters, the car company is not inviting anyone to watch the action from the luxury suites at The Palace at Auburn Hills.
Top GM executives are taking their pleas for billions in new loans to the administration's auto task force. Do you think we should bailout GM at any cost?
General Motors is open to an alternative viability plan, said Ray Young, the company’s CFO ahead of meetings between executives and U.S. Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers on Thursday.
Stocks shot up after investors cheered remarks from President Obama that the budget sets aside more money for banks if necessary.
As expected, General Motors posted horrendous 4th quarter numbers this morning with the company losing $9.6 Billion. For all of 2008 GM lost $30.9 Billion making it one of the worst years ever for the auto maker.
Gerald Greenwald, a founding partner at Greenbriar Equity Group, joined CNBC today to give his opinion on the ailing economy and his hopes that GM can avoid Chapter 11 bankruptcy.
US stock index futures pointed to a strong open Thursday as investors grew more comfortable with the government's plans for the nation's banking system. But a pair of dismal economic reports made a slight dent in gains.
A new deal between Citigroup and the government to shore up capital at the bank could be big news Thursday, but General Motors may also drive sentiment when it reports billions in losses ahead of the opening bell.
In this Web Extra find out how the traders are gaming earnings from Nasdaq, The Gap, General Motors and more.
Following are the day’s biggest winners and losers. Find out why shares of JPMorgan and General Motors popped while Deere and Allstate dropped.
Stocks declined Wednesday as a late warning from President Obama about stricter oversight for Wall Street knocked major indexes off their highs for the day.
Don't expect to see any Morgan Stanley executives or clients at the PGA Tour event they sponsor in June. If they show up at The Memorial Tournament presented by Morgan Stanley, they'll be paying their own way.
Everybody's a critic when it comes to fixing this economy. But it takes a real "Macho Man" to get this economy humming again. Well, a "Macho Man" impersonator, anyway.