• David Becker

    Auto stocks are beginning to percolate after Chrysler, reported a double-digit jump in May sales. Ford reported a 3% increase, while GM sales rose 13%. Automakers on Tuesday reported higher-than-expected U.S. new car sales of 1.6 million in May, with rising consumer demand underpinning a broader recovery in the U.S. economy, according to the Commerce

  • Stocks started the trading session in the US on the defensive on the heels of Thursday’s slide which saw stocks tumble more than 1.4% as tension in Ukraine increased. News reports that Russian troops had massed at the boarder led to a tumultuous session as investors piled out of market leaders and header for safe

  • Stocks in the US continued to move higher on the open following the strong rally seen on Tuesday. The rally was somewhat mixed as technology stocks led the broader markets higher pushing the Nasdaq composite up a robust 1.7%. Stronger than expected retail sales data, along with solid earnings from large cap banks have helped

  • Constantinos Philippides

    The 7% share held by the French automaker PSA Peugeot – Citroen sells to General Motors (NYSE:GM) . The company stressed that the most effective support provided to Peugeot is not necessary , however the move is calculated to have a loss of about $ 39 million . Deputy General Motos, Steve Girsky said that: “The

  • Business » General Motors Hits the Gas
    October 31, 2013, 07:37 GMT

    Shares of General Motors (NYSE:GM) were sent racing to the upside on Wednesday following the company’s third quarter earnings report. On Wednesday, the company posted a better-than-expected quarterly profit on strong results in its core North American market and a smaller-than-predicted weakness within its European business segment. Net income for common shareholders fell to $757

  • Stock market » Stocks climb ahead of Fed decision
    September 18, 2013, 09:56 GMT

    Stocks in the US got off to a soft note, as investors are poised to wait until the decision on interest rates by the Federal Reserve which is scheduled to be released at 1800 GMT on Wednesday.  The S&P 500 index climbed above 1,700 and is poised to test an all-time high. The Fed is

  • US stocks began their ascent early Wednesday as market participants awaited the Senate panel’s vote on military intervention in Syria. The Senate Foreign Relations Committee eventually voted to authorize a military stroke on Syria for its alleged use of chemical weapons. The resolution backing a military strike is expected to make its way to the

  • Stock market » Facebook drives Nasdaq higher
    July 26, 2013, 10:26 GMT

    Stocks in the US were mixed at the open as investors eyed the enormous rally in FaceBook (NASDAQ:FB) shares.  The social media giant released better than expected earnings after the bell on Wednesday, buoying the Nasdaq 100 as the stock rallied more than 20%.  Economic data in the US continued its string of weakness with