Archive for June 23rd, 2008

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The Nasdaq tumbled and the broader market was mixed Monday afternoon as investors eyed ongoing problems in the financial and automaker sectors and a rise in oil prices.

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General Motors will offer large financing incentives to clear out a backlog of 2008 model year vehicles, the nation's No. 1 automaker said Monday.

You can keep shifting your investments around according to market conditions, but a better strategy is to diversify, buy and hold.

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Government documents supporting the charges filed last week against two former Bear Stearns hedge fund stars paint a picture of an organization that had a hard time tackling problems head-on - a flaw that ultimately would prove fatal to the firm.

General Motors will offer large financing incentives to clear out a backlog of 2008 model year vehicles, the nation's No. 1 automaker said Monday.

Senator, what do you see as the gravest long-term threat to the U.S. economy?" That was the first question we put to John McCain when he sat down for an interview with Fortune on a sunny afternoon in June. The moment felt charged. Hillary Clinton had finally conceded to Barack Obama, and now the contest for the highest office in the land was down to two sparkling finalists - "the most impressive choice America has had for a very long time," The Economist observed from overseas. Both were long shots when all this began. Each prevailed despite deep differences with key blocs in their party bases. Both promised change.

Stocks were mixed Monday afternoon as rising oil prices weighed on investors' sentiment, but boosted energy stocks, limiting the downward pressure from slumping financial and automaker shares.