UAW contracts with Ford and GM are the most generous in more than a decade, but there could be consequences for workers. The NYT reports.» Read More
Wall Street faced a lower open Tuesday, but the damage was mitigated by a powerful earnings report from Hewlett-Packard, which bucked the economic trend this season by posting a bright outlook.
Investors will have an eye on Washington Tuesday as bailouts past and future are discussed on Capital Hill.
There's this notion, one you hear all the time, that because we're down so much, and because we’ve held at the October 10 lows and rallied from them every time, that we should all stop worrying and join the "land of a thousand bull dances" otherwise we'll be left behind.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
In late breaking news Dylan Ratigan reveals that Senate Democrats are preparing a bill to rush financial aid to auto makers.
Stocks ended at their session lows Monday following the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
As recession fears continue to spread globally, investment banks like Goldman Sachs scramble to survive — and investment gurus alter their tactics and strategies to roll with the damage. CNBC's expert advisors gave their outlooks on what's coming and what to do about it.
While stocks have bounced back from their most recent lows, there's little optimism that the market has found a lasting bottom. Instead, most analysts see the market retesting those lows well into 2009.
Stocks wavered after a morning selloff as investors shrugged of the latest wave of dismal news: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
It's not just the auto and auto parts makers that want in on the TARP program! At last count, the mayors of Philadelphia, Phoenix, and Atlanta are also asking for money. Who's next? Well, the Detroit Lions are 0-10 (I kid you not)...they could use a little...something?
Stocks declined Monday as the latest wave of dismal news washed over Wall Street: Retailers reported profit declines, big banks prepared for job cuts and Japan officially declared itself in a recession.
Wall Street has essentially thrown in the towel lately on Amylin Pharmaceuticals. The shares have plummeted from nearly $30 just three months ago to around $7 today.
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.
.More substantive is the talk of an automotive bailout; GM trading up about 5 percent pre-open. The House and Senate will be debating an interim financing solution this week, until the new administration takes control in late January.
Stock index futures were indicating a sharp loss Monday for Wall Street, as investors worried over the future of the auto industry and more signs emerged of a retail slump.
United Auto Workers President Ron Gettelfinger said it is critical the Big 3 receive a financial aid package from Congress to avoid one or more of Detroit's auto makers from sliding into a Chapter 7 bankruptcy.
Another week of volatility is over: major declines Monday through Thursday morning, followed by a huge rally Thursday afternoon, ending with a failed rally today. What's ahead next week? Cramer thinks the downside may not be over and poses a major question: if you knew there was another Lehman Brothers ahead -- the collapse of LB being the instigator for most of the financial crisis that started early this Fall -- would you buy or sell?
Stocks attempted to rally this afternoon — and the Dow and S&P even briefly broke into positive territory — but at the end of the day, the downward pressure was just too crushing and stocks ended lower.
The U.S. government should provide funding to struggling Detroit automaker General Motors, Wilbur Ross, chairman & CEO of WL Ross & Co., told CNBC on Friday.
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.