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S&P futures moved about 40 points off their highs of the morning, before posting a slight rebound off the lows late in the morning. They are finishing the morning session only down slightly.
This morning GM and Chrysler announced a fresh round of job cuts due to the stunning drop in business and their balance sheets.
The cruel earnings season for the American worker intensified Wednesday as more companies announced layoffs.
Ever since word first leaked out about GM talking with Cerberus Capital about buying Chrysler, I've had two basic conversations with those in the companies, in the industry, on Wall Street, and you the reader/viewer.
Despite the threat of a slowdown, at least one major investor appears bullish on casinos and hotels.
Billionaire investor Kirk Kerkorian says his investment firm has sold 7.3 million of its shares in Ford Motor, reducing his stake in the automaker to just over 6 percent.
The billionaire investor who said he bought Ford stock as a long term investment is pulling out of the automaker after a short, money losing ride. Kirk Kerkorian still owns more than 6% of Ford's outstanding common shares.
The dispute could hurt more than just one company's earnings if it isn't resolved soon, Cramer says.
As discussions between GM and Chrysler heat up, there's a steady flow of questions about road blocks that could stop this merger of American auto giants. Any other time, I'd agree with some of the points being raised. But given the economy and the weakened state of the auto industry, I think few of these are going to stop GM from acquiring Chrysler- IF the country's largest automaker decides it wants this deal.
Stocks ended down for the day but still pulled off a gain for the week.
Stocks went on another rollercoaster ride Friday, opening sharply lower before a series of ups, downs and curves, and an afternoon burst of bargain hunting that sent the Dow up more than 200 points.
Stocks opened sharply lower Friday — with the Dow down about 200 points in the first few minutes of trading — after a report showed new home construction at its lowest level in 17 years.
Futures pointed to a weaker open on Wall Street Friday after a report showed new home construction at its lowest level in 17 years.
After a week of stating in this blog and on the air that I don't see the logic behind a combination of GM and Chrysler, I took the last two days to ask people familiar with the talks and inside the auto industry if I'm missing the boat.
Merger talks between General Motors and privately held Chrysler are moving at a faster pace as potential lenders have thrown their support behind a deal between the two U.S.-based automakers, CNBC has learned.
Tesla, an electric car start-up in Silicon Valley, said that it would lay off employees and delay production of its second car, the Model S.
Like a python squeezing the air out of its victim, Toyota is in the midst of a move that will further hurt the Big 3.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.
Don’t let a near 1,000-point Dow jump go to your head. We’re not out of this mess yet.