Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
This afternoon, the UAW members at Ford overwhelmingly voted in favor of changing their contract with the auto maker.
Every generation searches for an identity. There were the Baby Boomers, followed by slacker Gens. X and Y. It took a 50% drop in the Dow and more than 3 million jobs lost to figure it out. This is nothing to LOL about: It's Generation OMG!
For the first time since 1995, shares of Dow component American Express traded below $10 on Friday. It became the sixth current Dow component to trade with a single-digit price tag, joining General Electric, Alcoa, Bank of America, General Motors, and Citigroup.
When President Obama's Auto Task Force rolls into Detroit Monday it will spark another round of stories and speculation about when the Treasury Department will decide the fate of GM, and Chrysler. Don't hold your breath.
Stock index futures pointed to a lower open for Wall Street, but were off the day's lows as Dow component Merck announced it will merge with Schering-Plough in a cash and stock deal.
This is the archive of a live blog of Warren Buffett's appearances on CNBC's Squawk Box on Monday, March 9, 2009. Buffett answered questions submitted by CNBC viewers and CNBC.com users.
Should we nationalize banks in the U.S.? I find the current debate about whether or not banks should be nationalized, bordering on ridiculous. The truth is, some very large institutions are already nationalized. How do I know this? Easy, fresh baked cookies.
A market bottom is nowhere in sight and safety of investment still beats quality as a choice for investors, as markets remain extremely volatile, Nick Parsons, head of strategy at nabCapital Markets told CNBC.
It was a week of short-lived rallies and dismal data, with breath-taking drops for giants like CNBC.com parent General Electric and battered automaker General Motors. The experts looked for a bottom, and focused on the future. One highly-regarded analyst even predicted a bottom within days.
Stocks staged a late-day rally Friday, pushing the Dow to a positive close, after a report that a major UK bank has reached an asset-protection deal with the government.
Cramer has calculated what he thinks is an absolute bottom for this bellwether index.
Simply put, there is still too much negative sentiment - and sideline money is afraid to step in.
Shares of GM have been getting hammered due to growing speculation the beleaguered auto maker is edging closer to filing for bankruptcy.
As General Motors mulls spinning off its European unit Saab, the CEO of Electrolux, Hans Straberg, told CNBC that failing businesses should be allowed to go bankrupt and not receive any more state aid.
After General Motors issued its 10K report yesterday casting doubt on whether it can survive, there have been plenty of questions about why GM doesn't just go into bankruptcy.
The latest overall job loss numbers showed a loss of 651,000 jobs in January and the unemployment rate climbed to 8.1%. This is the highest unemployment rate since 1983. The January and December numbers were revised to a loss of 655,000 and 681,000 respectively. 4.4 million jobs have now been lost since this recession began. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
The banking giant Citigroup commanded a stock price of $55 just two years ago. But at one point Thursday, as markets hurtled to their lowest close in 12 years, the shares were worth less than an item at the Dollar Store.
Let's face it. Nothing about Friday's employment report will be pretty, and the 7 percent decline in stocks this week has been signaling that.
As stocks bounce around how do you invest for the long term?