General Motors is recalling 231,000 more SUVs because of a fire risk, with CNBC's Michelle Caruso-Cabrera.» Read More
Should you long or short auto stocks? In the wake of the deal between DaimlerChrysler and private equity firm Cerberus Capital, investors want advice -- and Dan Poole, assistant director of research at National City's private client group, and Scott Kays, president of Kays Financial Advisory, joined "Closing Bell" to share their views.
Stocks ended mixed on Monday as the latest batch of merger news failed to spark excitement among investors ahead of the release of key economic data. "The market has somewhat become like Pavlov's dog, waiting for some blockbuster merger deals to be announced," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
Private equity firm Cerberus Capital Management will buy the majority of DaimlerChrysler's struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago.
Close your books and pick up your pencils. It’s time to see if you’ve got what it takes to make it as a trader. In this feature, Dylan poses a scenario and our guests must quickly come up with smart trades. Could you do it?
Cerberus Capital Management, which agreed to buy a majority stake in Chrysler for $7.4 billion, has been loading up on auto assets and industry experts recently but still faces major challenges in turning the struggling auto maker around, CNBC's Melissa Lee reports.
Here's our re-cap of the day. Remember, the two week finals begin this Monday for both the Million Dollar Portfolio Challenge and Second Chance Showdown (open to all non-portfolio challenge finalists who have opted-in). All players in both contests start Monday with a fresh portfolio of $1,000,000 CNBC Bucks--and each player has only one portfolio. There are no more trivia questions for Bonus Bucks--today's the last day for them. And if you think you will be weekly winner #10, check your email--starting tonight--to see if we've contacted you and you qualify as the winner. That way you can start trading on Monday with the rest of the finalists.
Time now for our trivia questions of the day. The video question is worth $2,000 Bonus Bucks: The board of Volkswagen is set to meet today to discuss a bid from what rival automaker? Your selection of answers is: Ford or Porsche or BMW or General Motors. The news trivia question is worth $1,000 Bonus Bucks: According to the S&P/Case-Shiller Home Price Index, home prices in Seattle are up how much from a year ago? Your selection of answers is: 19% or 23% or 10% or 12%.
Many reporters and columnists over the last couple of days have opined that baseball teams will not hesitate to do anything in their clubhouses about beer and we’ve seen that as more teams over the past couple days have decided to rid free beer from the locker rooms.Then they tell you that nothing will likely happen in the stands because beer is a huge profit maker for the teams and beer companies spend so much money on baseball that there’s a lot of politics behind doing anything more than the symbolic gesture of keeping alcohol out of the locker rooms.
Joseph Keating, chief investment officer at First American Asset Management, told CNBC’s “Squawk on the Street” that dividend stocks are a good bet in retirement.
United Technologies, GM and Akamai - all before the buzzer sounds.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Toyota posted a stronger-than-expected 8.9% rise in quarterly net profit on buoyant sales in Western markets, and forecast modest growth this year as it adds production capacity all over the world.
Mergers and acquisitions dominated headlines during the week as the S&P 500 ended above 1,500 for the first time in more than seven years and came within striking distance of an all-time high of 1,527 set in March 2000. "Merger activity is one of the things that's driving the strength in this market," said Ted Weisberg, president of Seaport Securities.
There's plenty of talk today about the possibility of $4 gas this summer. If that happens, this could be one long hot summer for the Big Three. Thursday, when I talked with him, General Motors CEO Rick Wagoner indicated the country's largest automakers are already noticing a repeat of last year, when buyers moved from big rigs (trucks and SUVs) and more towards smaller cars.
Asia closes the curtain on five days of sleepy, holiday trading and the week ahead is an outpour of earnings results mixed with key economic data that will push Asian investors back into full alert mode.
The S&P 500 index closed above the 1,500 level for the first time in nearly seven years but overall gains were modest amid concern the market may be reaching a top. "There is a lot of good news out there but we caution investors that it has been quite a while since a pullback in the stock market," said Alan Skrainka, chief market strategist at Edward Jones. "That concerns us a little bit."
Hey folks. Here's our re-cap of the day. We have the leaderboard, most active and widely held and the trivia questions. Here we go. The video is worth $2,000 Bonus Bucks: General Motor's earnings came in below analyst expectations. What were earnings per share? Your selection of answers is: $0.17 or $0.10 or $0.19 or $0.23.
If this sounds like a broken record, forgive me. But if you are looking for a reason why GM's turnaround is only a mild success, it's right here in the U.S. Just check out the company's latest earnings, which show a profitable business around the world, but one that is still in the red in the land of the red, white and blue.
Richard Wagoner, chief executive officer at General Motors, told CNBC’s “Squawk Box” that he’s confident the company’s North American operations can be profitable.
General Motors said its first-quarter earnings slumped and revenue fell from the same quarter last year. The $305 million overall loss at finance arm GMAC "pretty much accounts for any difference in (earnings expectations)," GM Chairman and CEO Rick Wagoner told CNBC's Phil LeBeau.
Hey folks, time for the day's trivia questions. The video is worth $2,000 Bonus Bucks: General Motor's earnings came in below analyst expectations. What were earnings per share? Your selection of answers is: $0.17 or $0.10 or $0.19 or $0.23. The news question is worth $1,000 Bonus Bucks: RIM is rolling out a new smaller and lightweight full keyboard BlackBerry. What is the new smartphone called? Your selection of answers is: The Quartz or Blackberry Curve or Blackberry Qwerty or The Razor.