Lyft has partnered with Hertz Global Holdings to offer rental cars to its drivers, the ride-hailing company said on Thursday.» Read More
It's down to...Slovakia? European stocks and U.S. shares slipped late morning on word the vote in Slovakia on approval of the European Financial Stability Facility expansion was looking a bit more doubtful.
Futures slipped Tuesday following a sharp rally in the previous session and as investors stayed cautious ahead of a key vote in Slovakia to expand the euro zone rescue fund.
Stocks closed off their best levels but were still sharply higher Wednesday in another volatile session after Greek, French and German leaders renewed their pledges to aid Greece, soothing investor fears over recent rumors of a default.
The private sector has walked away from Europe as sovereign credit erodes in the euro zone and piled into cash. Fixing the European crisis will take at least five to 10 years, said Larry Fink, Chairman and CEO of BlackRock.
The “Mad Money” host takes a look at the top performing stocks since the market bottom to see what lessons can be learned.
The bears slammed Hertz along with most other stocks yesterday, but option traders see the car-rental giant driving higher by next spring.
Shares of Hertz sold off with the rest of the market yesterday, but some option traders were looking for upside into September.
Merger arbitrage investors are braced for a second consecutive month of losses with a string of unexpected upsets leading to a difficult period for the hedge fund strategy, the FT reports.
Stocks slipped slightly from session highs but still closed broadly higher Tuesday, led by gains in the energy sector, following a handful of economic news that helped boost market confidence.
Stocks pointed to a higher close Tuesday after a handful of economic data helped boost market confidence and after Fed chairman Ben Bernanke said failure to raise debt ceiling could result in severe market disruption.
With few earnings and economics reports lately, the markets have been missing any catalysts to spark a move to the upside over the past 1.5 weeks. They are finally getting one today, and that’s leading to a broad-based rally with 8 stocks rising for every 1 that’s down.
Stocks rallied over 1 percent Tuesday following a handful of economic data that helped boost investor confidence and after China's robust industrial production report.
It’s over. The on-again, off-again battle between Hertz and Avis to buy Dollar Thrifty has effectively ended, given Avis' decision to spend a billion dollars in cash to buy Avis Europe.
After months of negotiations and delay, Avis Budget Group has finally received specifics from the Federal Trade Commission about what it must do in order to move ahead with any purchase of Dollar Thrifty Automotive Group.
Dollar Thrifty Automotive will cooperate with Hertz to get antitrust clearance for Hertz's $2.25 billion acquisition offer for the smaller car-rental chain.
Economic prosperity comes from open markets and a "level playing field," James Dinan, chairman and CEO of York Capital Management, told CNBC Wednesday.
Stocks closed modestly higher as oil and precious metals staged a strong comeback, sending prices in the energy and materials sectors higher.
Stocks held firm gains in the final hour of trading on Monday as a rebound in oil and precious metals pushed energy and materials sectors higher.
Stocks traded slightly higher after fluctuating throughout the morning following Standard & Poor's downgraded Greece, reigniting worries about the health of the euro zone.
Stock index futures gained ahead of the open on Monday, rising in line with commodities as investors hunt for bargains after last week’s sharp losses for oil and silver in particular.