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Stocks General Motors Co

  • Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.

  • General Motors Chairman and Chief Executive Rick Wagoner.

    GM CEO Richard Wagoner, Jr., says taking a conservative view of the future sent him back to the government to ask for more money.

  • General Motors Headquarters

    Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.

  • Housing starts were terrible, well below expectations (multifamily construction down 25 percent). The only good news is that 30-year mortgage rates dropped below 5 percent, according to the Mortgage Bankers Association.

  • Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.

  • 2008 Saturn Aura

    The brand that was once hailed as an important part of the future of General Motors now will be part of its past.

  • Tuesday: President Obama signed the $787 billion economic stimulus bill into law, as governments around the world consider their own actions. But global markets plunged on fears of a deepening recession; Chrysler asked the U.S. for $2 billion more in loans and General Motors is widely expected to follow suit. Investors are fleeing to bonds and gold-backed securities. CNBC heard from experts who warned that the March "bear market bull" won't happen — but that we are, indeed, in a "bottoming process."

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    The Dow slid within striking distance of its bear-market low on Tuesday, despite the fact that President Obama signed the economic stimulus into law. What went wrong?

  • Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks. Wal-Mart was the lone gainer on the Dow after the retail giant beat earnings expectations.

  • We have seen these days often in the past month. Stocks start lower on heavy volume (it looked like we might do 2 billion shares at the NYSE at the open), but very quickly the selling pressure eased, and an old-fashioned buyers strike ensued.

  • As we are getting close to the November 2008 lows, here are some key dates for for each of the major indices, both on a closing and intraday basis.

  • The threat of  a government-backed bankruptcy is necessary to drive a "breakthrough," structural change for the auto industry, said Mike Jackson, AutoNation chairman & CEO.

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    Another round of layoffs was announced on Tuesday, adding to the gloom over rising unemployment.

  • Futures are down in the U.S., European banks are weak in Europe, bonds are up, and gold and other precious metals are rallying; gold at $966 this morning is continuing its slow march to $1,000 an ounce. It briefly climbed over $1,000 in March of 2008

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    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.

  • Futures tumbled Tuesday as a sharp drop in New York manufacturing activity exacerbated worries about the deepening recession.

  • American Flag

    It may seem like the country that used to make everything is on the brink of making nothing.

  • Hey, China got it right. Why couldn't we?

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    In this Web Extra, the traders talk market moving events in the week ahead including -- GM and Chrysler's viability plans, Obama's strategy for reducing foreclosures, Wal-Mart earnings and more!

  • Stocks fell sharply in the final minutes of trading as investors continued to pound bank stocks. All three major indexes were trapped in a yo-yo pattern today, pulled by gains in techs and losses in banks.