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  • Pros Say: Fed Moves Can Kill Recession (UPDATED) Wednesday, 3 Dec 2008 | 4:46 PM ET

    President-elect Barack Obama nominated Gov. Bill Richardson (D-NM) for commerce secretary Wednesday, the same day that United Auto Workers President Ron Gettelfinger announced the UAW would make huge concessions in order to help the Big 3 automakers nail government bailout funds. CNBC heard from experts who said the drop in gasoline prices bodes well for the first quarter and Ben Bernanke just may save us from a severe recession. (UPDATED)

  • If Big 3 Get Bailout, Charge More At Parking Meters! Wednesday, 3 Dec 2008 | 4:21 PM ET
    Parking Meter

    Yesterday we learned that the windy city wants to lease its parking meters to a private company that would raise daytime hourly parking rates in downtown Chicago from $3 now to $6.50 by 2012. Sound exorbitant?

  • An Alternative to Bailout Nation Wednesday, 3 Dec 2008 | 1:39 PM ET

    At his news conference this morning, where he introduced New Mexico Gov. Bill Richardson as Commerce-secretary designate, President-elect Obama refused to play his hand on the Detroit/GM bailout story. That tells me he’s aware that the country is getting fed up with the thought of bailout nation.

  • Stocks Bounce Back as Biotech Booms Wednesday, 3 Dec 2008 | 1:29 PM ET

    The stock market was far off its morning lows, coming close to turning positive, as investors shook off a handful of weak economic reports and snapped up biotech shares and other defensive plays.

  • Exxon's Amazing Stat: Market Cap Of $400 Billion Wednesday, 3 Dec 2008 | 1:28 PM ET

    ExxonMobil is the largest stock in the S&P 500. Wal-Mart, the nearest competitor, is a little more than half that size. ExxonMobil has been notably outperforming the market recently. Since early September, Exxon has been up about 5 percent, while the S&P 500 has been down 30 percent.

  • Consumer Fear at Root of Auto Woes: Auto Dealer Wednesday, 3 Dec 2008 | 12:27 PM ET

    The current problems facing the automotive industry are a result of consumer fear, not the Big Three U.S. automakers, according to John Bergstrom, CEO of Bergstrom Automotive, one of America’s most powerful car dealership groups.

  • Automakers Want $34 Billion, What Do We Get? Wednesday, 3 Dec 2008 | 9:01 AM ET
    Chevrolet Dealership

    Chrysler's plan may be the most troubling, largely because it shows how much money the company needs right away. Chrysler wants $7 Billion by the end of the year. Chrysler's plan also talks about the "synergies" that would be derived from Chrysler being consolidated with another auto maker.

  • Futures Point Lower as Economy Weakens Wednesday, 3 Dec 2008 | 8:46 AM ET

    Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week.

  • Bear Market Boot Camp Tuesday, 2 Dec 2008 | 6:40 PM ET

    Take it from the traders who've been in the trenches this year, it's war out there!

  • S&P Jumps 4% Tuesday, 2 Dec 2008 | 5:46 PM ET

    Stocks snapped back on Tuesday after global bellwether General Electric lifted investor optimism by pledging to leave its dividend intact.

  • Auto Makers Report Sharply Lower November Sales Tuesday, 2 Dec 2008 | 5:30 PM ET

    U.S. light vehicle sales at General Motors and Chrysler plunged more than 40 percent in November, while Ford's sales dropped 31 percent, battered by an economic storm that has sent consumer demand for new vehicles to lows not seen in decades.

  • Stocks Rally to the Finish Line Tuesday, 2 Dec 2008 | 4:41 PM ET

    Stocks rallied Tuesday as investors scooped up bargains and were encouraged by news that General Electric will keep its dividend intact.

  • A Bottom Or Not? Pick Your Analyst Tuesday, 2 Dec 2008 | 4:10 PM ET

    I have noted the weeping and gnashing of teeth that accompanied yesterday's downturn, and the widespread belief that we have not yet put in a convincing bottom.

  • Stocks Rebound Amid Bargain Hunting Tuesday, 2 Dec 2008 | 2:33 PM ET

    Stocks rose sharply Tuesday as investors scooped up beaten-down stocks after the prior session's selloff that saw the Dow give back 700 points.

  • Small Players Vie for ‘Green Car’ Loans Tuesday, 2 Dec 2008 | 2:32 PM ET

    A number of small companies are angling for a piece of a $25 billion auto industry loan program, set up by the Department of Energy to quicken the development of fuel-efficient cars.

  • Predictions: 9 For '09 In Autos Tuesday, 2 Dec 2008 | 11:30 AM ET
    General Motors world headquarters, Detroit, Michigan

    The Big Three will become two, Detroit will need more help from the government, SUVs will enjoy a modest rebound and electric cars will fire up the industry.

  • Stocks Bounce Back After Sharp Selloff Tuesday, 2 Dec 2008 | 11:07 AM ET

    Stocks opened higher Tuesday, clawing back some of what they lost Monday, when the Dow shed nearly 700 points.

  • No Corporate Jets for Auto Executives This Time Tuesday, 2 Dec 2008 | 11:00 AM ET

    This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.

  • Where the Layoffs Are—Is Your Firm on the List? Tuesday, 2 Dec 2008 | 10:15 AM ET

    The latest job cuts  in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.

  • Highest Dividend Yields of the Dow Tuesday, 2 Dec 2008 | 9:26 AM ET

    General Electric announced that it will maintain its dividend for 2009, giving it an 8.6% yield, based on yesterday's close.  See how this compares to the other 29 companies in the Dow.