General Motors, Ford and Audi are among the list of automakers that have decided not to spend $4.5 million to run 30-second commercials.» Read More
Shares of General Motors tumbled to a 54-year low while smaller rival Ford Motor hares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for vehicles.
With Shares of GM stock trading at 54 year lows, there's renewed talk about GM being in a slide it can't stop. I won't go that far. But this week could go down as one of the toughest in the company's 100 years.
The Dow industrials moved higher, backing away from bear-market territory, as oil prices pulled back.
Stocks opened mixed Monday but momentum quickly faded and within the first 30 minutes, the Dow industrials were dancing in and out of bear-market territory.
Jon Hilsenrath, money and investing news editor at The Wall Street Journal, offered CNBC his "4 for 4": the four stocks he says investors must watch on this shortened business week.
As I watched my White Sox finish a sweet sweep of the Cubs last night, I talked to my friend Mike from Detroit. He's a great guy, despite his love of the Tigers. But he said one thing that could summarize how many in motown may feel by tomorrow night. "It's not like we didn't see this coming," said Detroit Mike about Toyota closing in on #1.
Many NASCAR fans think nothing of jumping in their recreational vehicles or pickup trucks and driving 300 miles or more to watch races in places like Talladega, Alabama; Bristol, Tennessee; and Las Vegas.
Investors will face a blitz of economic data in the holiday-shortened week, with the marquee number coming in Thursday's payrolls report for June.
For the week ending Friday, June 27, 2008, the U.S Markets tumbled on low consumer confidence levels, battered financial stocks, interest rates concerns, and new record prices for crude oil.
Better keep your wits about you, it looks like we’re entering bear territory. What's the "Word on the Street?"
I think a lot of people envy Goldman, but give them credit, they have had some awesome calls. Doug Kass joked their are two kinds of people. Those that work at Goldman and those who envy them that do.
Stocks limped to the finish of an ugly week on Wall Street, with the Dow touching bear territory and the broader market continuing to be battered by a double dose of surging oil and a fresh round of banking troubles.
Stocks were mixed Friday as traders took a breather after Thursday's selloff that saw major indexes break through key levels and move dangerously close to bear-market territory.
After a couple of weeks of being on the road in New York for the "Today Show," Detroit for auto stories, and other places around the country, I've finally had a chance to take in the e-mails you've been sending me about the increasingly dicey auto business. While I have, and will continue to directly answer your e-mails, there are a few I'd like to share.
Asia experienced a selloff across the board, led by Shanghai's 5 percent tumble, after shares plunged on Wall Street and oil prices shot above $140 a barrel, fanning investors' fears of high inflation and slowing economic growth. Japan and South Korea finished 2% lower.
Cramer offers his plan of action to handle a 358-point decline.
Who needs theme park thrill rides when you’ve got Wall Street. The Dow tumbled by 358 points after oil climbed to $140 for the first time ever. What's the "Word on the Street?"
GM's shares have plummeted to less than $12, the lowest level since 1955. That means the world's largest auto maker has a stock market value of only about $7 billion.
The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports. Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.
The CEO says his company has plenty of liquidity. But at what cost?