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Asian markets and commodities retreated Tuesday while the yen pushed higher as a souring economic outlook took some of the wind out of investor hopes sparked by China's stimulus plan.
The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid.
Evidence of a weakening Chinese economy and feeble data from Australia and Britain reinforced fears of a prolonged global recession on Tuesday, as policymakers groped for a co-ordinated response to the downturn.
The failure of this auto company, or its Big Three peers, could be as catastrophic as that of any major bank.
The Dow ended modestly lower with investors worried about the outlook from a raft of companies including General Motors and Goldman Sachs in this harsh environment.
Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election and the survival of his sport in tough economic times, while American International Group's CEO comments on the company's loss of $24 billion in the third quarter and the government's bailout package. Following are today's top videos:
Industry personnel are now being challenged with the question, "How can corporations ensure that their sports marketing and charity dollars are both working in sync to deliver business results?"
The U.S. auto industry's best chance for $25 billion in immediate government help may come next week when Congress returns.
Stocks closed lower as investors worried about the global economic downturn and enthusiasm for China's deep-pocketed stimulus plan faded.
Oil prices rose on Monday as Saudi Arabia's move to cut supplies and China's launch of a $600 billion economic stimulus plan aided market volatility.
Corporate bonds—not stocks—could be the big investment winner as the government continues to pledge billions of dollars to bail out too-big-to-fail companies.
We are now in the midst of what one trader called "The Great Boredom," that period where we know the economy is going to slow dramatically, but it is too early to aggressively buy a rebound.
The Treasury Department's $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.
Markets are braced for more hemorrhaging in jobs, with a Friday employment report expected to record 200,00 more jobs vaporized in October. This would push the jobless rate up two-tenths of a point to 6.3 percent.
General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital.
Stocks shot out of the gate Monday, boosted by China's massive stimulus plan. Techs sat out the rally, dragged down by Dish Networks after the satellite TV provider's dismal results and Google after Microsoft announced a deal with Sun.
Stocks shot out of the gate Monday, helped by developments in the financial sector and China's near-$600 billion economic stimulus plan, announced over the weekend.
With the end of merger talks between Chrysler and General Motor, there is rampant speculation about what happens next to Chrysler. Sure parent Cerberus Capital would prefer to sell Chrysler as a whole, but the odds of that happening aren't real strong.
Like most analysts, Rod Lache has concluded that a government bailout is not likely to help the shares, that even with a bailout GM's future, if it is not in bankruptcy, is likely to be "bankruptcy-like."
Stock index futures pointed to a sharp rally at the open Monday, thanks in part to China announcing a near-$600 billion economic stimulus plan over the weekend.