Existing U.S. home sales climbed in April as consumer confidence rose. Reports say GM is close to bankruptcy as tech stocks gain Wednesday. What does this mean for the stock market? Art Cashin, UBS Financial Services director of floor operations, offered CNBC his Wednesday insights.
Stocks got a quick pop Wednesday after a report showed existing-home sales rose in April but quickly retreated as the previous day's optimism faded and GM stirred anxiety in the market. But tech stocks gained, sending the Nasdaq into positive territory.
From bankruptcies to new emissions standards, here's what you need to know if you're thinking of buying a car right now.
Remember the first time you went into a dealership to buy a new car because you truly felt you could afford a new car loan? Remember the sticker shock when you ran the numbers and said to yourself, "I didn't really think it would that much." Now you know how many people feel when they see it might take $50 Billion to fix GM.
U.S. stock futures are near the lows of the session, but still look to follow yesterday’s rally with a flat open this morning.
As June 1 looms closer, the likelihood of General Motors declaring bankruptcy seems more real. If that is the case, which company might succeed GM as the next component of the Dow Jones Industrial Average?
Futures pared earlier gains Wednesday to indicate a mixed open for Wall Street as optimism from the previous day's consumer confidence data dwindled and was replaced by anxiety about what looks like certain bankruptcy for General Motors.
David Hefty of Cornerstone Wealth Management and Carlos Lowenberg of Lowenberg Wealth management provided suggestions for a "no-stock" alternative investment portfolio.
Stocks barreled higher Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
This is the day current and retired UAW members at General Motors have been fearing. In stark terms union members are finding out just how much their benefits, their jobs, and what they've come to expect will be changing as GM restructures either in or out of bankruptcy.
Stocks recovered from a lower start Tuesday as consumer confidence hit its highest level in eight months and a broker upgrade on Apple buoyed the Nasdaq.
Stocks recovered from a lower start on Tuesday as consumer confidence hit its highest level in eight months. Getting the market off to a jittery start after the three-day weekend, the decline in Case-Shiller housing prices showed no signs of letting up. Read and listen to what the experts had to say...
Sliding home prices, more trouble in the Eurozone and another North Korean nuclear bomb test: How will these affect the stock markets? Art Cashin, UBS Financial Services director of floor operations, offered CNBC his insights on Tuesday.
Stocks bounced back from a lower open Tuesday as a broker upgrade on Apple buoyed the Nasdaq. Getting the market off to a jittery start after the three-day weekend, the decline in housing prices showed no signs of letting up and there were reports of another missile launch by North Korea.
After 5 days of declines last week for its worst week this year, the U.S. Dollar Index is rebounding modestly today. Concurrently, commodities are giving back 1 percent to 2 percent of last week’s solid gains, while commodity stocks are slightly weaker in pre-market trading.
This week GM and Chrysler will transform the auto industry by skidding into and through bankruptcy. If they can avoid a major car wreck, perhaps Uncle Sam's "controlled bankruptcy" plan will work.
After a long Memorial Day weekend, futures indicated a negative open for Wall Street Tuesday as reports that North Korea launched missiles caused alarm.
"It's a 'show me' period, but the expectation is that the data is going to disappoint, as it mostly has for the last few weeks," said Binky Chadha, chief U.S. strategist at Deutsche Bank.
Stocks finished lower Friday after a late selloff erased the day's gains. Stocks struggled to hold gains for much of the day but worries about a possible downgrade of the U.S.'s credit rating left the market on rocky ground ahead of the Memorial Day weekend.
With the S&P 500 closing lower for the fourth consecutive day, stocks have just recorded their longest losing streak since the rally began. How should you be trading?