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  • GM_earnings.jpg

    General Motors posted a $15.5 billion quarterly loss Friday, as North American sales dropped by 20 percent and plunging prices for SUVs prompted deep charges for its auto finance business.

  • The jobs data is the make or break number for markets Friday. The monthly data, reported at 8:30 a.m., is expected to show a decline of 75,000 non-farm payrolls and an unemployment rate of 5.5%.

  • graphic_word_ofthe_street.jpg

    Despite their record breaking profits, Exxon Mobil dragged the Dow lower Thursday after its earnings fell short of Wall Street's expectations. Also comments from Alan Greenspan made on CNBC added to the downward momentum.

  • Auto Sales Drop

    Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years.

  • General Motors is in talks with Indian automaker Mahindra & Mahindra to sell its iconic Hummer brand, sources familiar with the matter said.

  • General Motors logo

    Friday, Wall Street analysts are expecting GM to lose $1.489 billion. If they are right, the loss will be just short of the $1.631 billion GM lost (excluding charges) in that woeful third quarter of 2007.

  • CNBC Original Productions: Saving General Motors

    With GM on the verge of soon exporting Buick Enclaves to China, I'm reminded of the people who e-mail me on a regular basis about "China sucking the life out of the American automakers." That's a paraphrase, but you get the point.

  • It just goes to show you, a little attitude never hurts: Stocks clawed back all of the prior session's losses as oil hit its lowest point since May and consumer confidence improved.

  • It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • 2007 Chrysler 300

    In this world, I've long believed that people are either new car/truck buyers, used car/truck buyers, or someone who leases a vehicle. These days, those in that third category are feeling the heat. It's coming from higher interest rates, and being squeezed by the car/truck they are driving.

  • GM Headquarters

    General Motors says it's cutting production by another 117,000 vehicles as a result of lower demand for pickup trucks and SUVs.

  • Jon Hilsenrath of The Wall Street Journal offered his weekly "Five for five": the five companies and their stocks that you must pay attention to this week.

  • The signs are not good. From Chrysler's decision to stop leasing cars, to its recent decisions to cut staff and close plants, to its lack of major new product announcements, there is little of late inspiring confidence that this company can stage a comeback...

  • Oil was down last week, and we had some decent economic numbers on Friday, so the questions on everyone's mind is what groups might be overbought/oversold to play for a short-term bounce.  The chief groups are energy and financials.

  • Toyota Motor on Monday cut its 2008 groupwide global sales forecast by 350,000 units to  9.5 million vehicles due to a pronounced downturn in the U.S. market, in a rare setback for the world's biggest automaker.

  • Following are the week’s biggest winners and losers. Find out why shares of T. Rowe Price and Honda popped while General Motors and Costco dropped.

  • Stocks pulled off modest gains Friday as enthusiasm for some better-than-expected economic reports outshined a warning from S&P of a possible downgrade on Fannie Mae and Freddie Mac.

  • Stocks remained fairly range-bound this afternoon, but finished slightly to the upside. The Dow’s 119-point range today is its narrowest in just over a month. However, many of the sectors that performed poorly yesterday continued to be disappointing today.

  • Stocks wobbled Friday as investors weighed a potential S&P downgrade on Fannie Mae and Freddie Mac against some encouraging economic reports, including consumer confidence and durable-goods orders.