BlackBerry said on Friday that it has laid off 200 employees in California and Florida. The New York Times reports.» Read More
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
The stock market ended both the day and the week essentially flat, with the twin stimuli of interest rate cuts and an automaker bailout unable to overcome a weakening economy and pessimism about the future of the banking system.
Stocks advanced Friday after Bush announced details of a rescue plan for auto makers.
U.S. stock index futures pointed to a cautiously higher open for Wall Street Friday as troubled automakers reportedly are close to an emergency loan deal.
President Bush, General Electric and oil all came together to kill the markets.
Richard writes, “Would you stay in the Ultrashort S&P 500 (SDS) for another market drop or take a small profit here?
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Thursday: U.S. jobless claims eased from a 26-year peak but still showed weakness in the economy. After the Federal Reserve's moves this week, homeowners are scrambling to refinance; the dollar is sliding against the euro. And the second half of the $700 billion TARP bailout fund looks likely to go toward foreclosure relief and economic stimulus. CNBC heard from experts who say crude oil prices are finally correct — and oil, stocks and gold are going to soar.
Investors are still sorting out what the Fed's moves this week mean, but if you look at some corners of the credit markets, there are signs of thaw.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
Stocks closed lower amid worries about bank earnings and weak consumer spending on tech.
Stocks could chug higher this week, delivering that evasive Santa Claus rally, but it will all depend on whether investors are comfortable with the status of the auto-industry bailout. Plus, let's hope the Fed doesn't deliver any holiday surprises.
Following are the “Fast & Furious” trades - hot ways to play Monday's market moving events.
The Dow rose on Friday on hopes that a lifeline for struggling U.S. automakers could still materialize...
Stocks ended higher Friday after a topsy-turvy day of wondering if auto makers would get a bailout or face bankruptcy.
Five stocks, huge yields, great defense against this volatile market.
Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Seems like more investors are buying on bad news. Find out why the traders believe this is a "somewhat encouraging" sign!
The Dow closed higher for the second consecutive day as investors flocked to shares of Coke and other companies that hold up well in recessions...
President-elect Barack Obama nominated Gov. Bill Richardson (D-NM) for commerce secretary Wednesday, the same day that United Auto Workers President Ron Gettelfinger announced the UAW would make huge concessions in order to help the Big 3 automakers nail government bailout funds. CNBC heard from experts who said the drop in gasoline prices bodes well for the first quarter and Ben Bernanke just may save us from a severe recession. (UPDATED)