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  • Street crowd

    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.

  • Market Plays Defense

    For the week, the major industries saw uniform declines: Dow Industrials down 4.1 percent, S&P 500 down 3.9 percent, NASDAQ down 4.3 percent. However, financials were down 8.1 percent, while consumer staples were down only 1.2 percent.

  • Stop Trading!: Market Stops If GM Fails

    Washington needs to make saving this company its number-one priority, Cramer says.

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    The job losses in this downturn are hitting workers across all income levels and job categories, and the cuts are swifter and broader than in past recessions.

  • Dow Shaves Off 100 Points as Obama Speaks

    Stocks bounced back after a two-day selloff as traders shrugged off a bigger job loss than expected. However, a larger-than-expected loss from General Motors clipped some of the Dow's gains as did the first press conference with President-Elect Barack Obama.

  • GM and Chrysler: The Endgame Approaching

    Under normal circumstances, companies try to put the best face on bad news. But we are not in normal circumstances.

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    GM's Wagoner: No Plans For Bankruptcy Filing

    General Motors is not considering bankruptcy despite a sharp downturn in sales and cash position, but the industry needs fast action by the government to prevent a "devastating" impact on the economy,  GM Rick Wagoner said on CNBC.

  • Stocks Bounce Back but GM Clips Gains

    Stocks rebounded after a two-day selloff as traders shrugged off a bigger job loss than expected.  The 240,000 drop in payrolls was a dismal indication of the economic situation but a lot of that was priced in during the selloff of the past two days, when the Dow lost 10 percent.

  • Car dealership in Miami

    GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry

  • Ford
    Ford Needs Government Bridge Loan: Mulally

    Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.

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    Six Key Ways Car Shopping Has Changed

    Despite federal bailouts, the auto buying landscape has changed and may never return to what shoppers have come to expect in the last five years. If you need to buy a new vehicle now, here's what you can expect.

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    Vanishing Jobs, Stressed Consumers Feed Downturn

    The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own.

  • Rally Today—Or Not—With Jobs Report?

    When all was said and done, futures are relatively flat. The game plan for the past two days has been to short the market going into the jobs report, and if it was not dramatically worse to push a modest rally.

  • Jobs Numbers:  Breakdown by Sector

    The latest overall job loss numbers showed a loss of 240,000 jobs in October and the unemployment rate climbed to 6.5%.  This is the highest unemployment rate since March 1994.  The September payroll numbers were revised to a loss of 284,000.  Here is a breakdown of where the job losses were as well as which sectors were adding jobs.

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    More White and Blue Collar Workers See Pink Slips

    The job losses in this downturn are hitting workers across all income levels and job categories, and the cuts are swifter and broader than in past recessions.

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    Fast & Furious Trades For Friday

    Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.

  • Should Obama Bailout Big Three

    With the auto industry in crisis leaders of GM, Chrysler and Ford implored the government for help on Thursday.

  • Dow Drops 10% in Two Days After Election

    Blue chips logged their biggest two-day decline on record as worries about the economy gripped the market the minute the U.S. presidential election was over.  Weak outlooks from Cisco and Toyota, dismal October retail sales and the prospect of a very grim payrolls number tomorrow fueled the selloff today.

  • What We Need: No More Surprises

    So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.

  • U.S. Automakers: Their Moment Of Reckoning

    The Big Three auto makers are meeting with the House leadership today, and they are going to be presenting scary numbers. GM in particular is likely burning through their cash horde of $25 b at a much faster rate than the $1 billion a month projecting a short while ago.