Asian central bank decisions are in the spotlight as policymakers debate the best course of action amid expectations of a Fed hike in September.» Read More
Saturn owners are getting an e-mail today that essentially tells them their beloved brand is not going to die.
GM says that by the end of March it will reach a decision to either sell the brand or phase it out. My gut, based on talking with people in GM and the industry, is HUMMER is sold, but for far, far less than what GM wants.
The euro was higher against the dollar Thursday, after suffering several days of losses versus the US currency, as investors cautiously crept back into stocks. But experts tell CNBC the dollar's strength will continue through to the end of the year.
The scale of Europe’s recession could be as bad as the decade-long slump suffered by Japan during the 1990s, Marino Valensise, chief investment officer of Barings, told CNBC.com.
Global stocks were mostly higher Thursday as recent selling pressure eased and safe-haven buying of the dollar and gold subsided, but reminders of the global economic gloom and financial sector woes kept investors cautious.
Global stocks were mixed Wednesday, a day after US President Barack Obama signed off on the $787 stimulus bill. Experts on CNBC said that although defensives were hot property last year, they are too pricey this year.
The euro rebounded Wednesday after falling to 2-1/2 month lows against the dollar the previous day. Gold also traded higher, above $970 an ounce, as investors steered clear of stocks on global economy worries.
Remember in college when you had to turn in that mid-term exam? Today, GM and Chrysler face their own mid-terms of sorts, but with a big difference.
A year ago UK lending facility Northern Rock was nationalized by the government. Since then, there has been the nationalization and saving of many more financial institutions worldwide.
Global stocks fell again Tuesday, with Japan's Nikkei index closing near a 4-month low and European markets trading at 2-week lows, as investors fled for safety from the deteriorating global economic conditions and volatile banks. Experts tell CNBC where to find good places to invest.
Global stocks were down Monday as doubts intensified about the health of the global economy after data showed Japan's economy shrank in the last quarter at the fastest pace since 1974. But experts interviewed by CNBC are still bullish on the yen.
Public support for Japanese Prime Minister Taro Aso's cabinet has slumped to 9.7%, broadcaster NTV said , a level likely to boost calls to replace him ahead of an election that must be held by October.
The Obama administration is committing huge sums of money to rescuing banks, but the veterans of Japan’s banking crisis have three words for the Americans: more money, faster. The Japanese have been here before. They endured a “lost decade” of economic stagnation in the 1990s as their banks labored under crippling debt, and successive governments wasted trillions of yen on half-measures.
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.
The idea that a lack of credit is keeping a large percentage of people from buying a new or used car is one of the more ridiculous assumptions still swirling around the auto industry. If you are looking to buy, there's plenty of credit available and frankly, it is a buyer's market.
From The Chicago Auto Show, Frank Klegon of Chrysler
From The Chicago Auto Show, Jim Farley of Ford
From The Chicago Auto Show, Don Esmond of Toyota North America.
When I broke the news this morning about GM Vice Chairman Bob Lutz retiring I had mixed emotions. On one hand I thought to myself, "Good for him. If this is what he wants to do, he should do it." On the other hand, I was thinking to myself, "It's too bad he won't be 'in the arena' because this industry needs someone like Bob Lutz."
At a time when there is little good news, I hate to be the bearer of even more bad news, but it kind of goes with the territory. So here it is: Used vehicle prices have bottomed out and are moving higher.