The harsh winter weather continued to weigh on sales for some major automakers in February, as the nation's top two automakers both reported U.S. sales declines. General Motors and Ford both experienced a slow start to February -- a month when GM saw a 12% decline in sales of the Chevy Silverado, its top-selling vehicle and Ford saw U.S. sales fall 6% from a year ago. However, Nissan managed to post a surprising 16% increase in auto sales, while Chrysler saw a better-than-expected 11% gain.
The harsh winter weather continued to weigh on sales for some major automakers in February, as the nation's top two automakers both reported U.S. sales declines.
After halting withdrawals for a month upon discovering a security flaw in its computer systems, MtGox announced almost $425 million worth of Bitcoins are missing.
RealMoney Pro Contributor Chris Versace says a weaker-than-expected jobs number seems to be expected, so markets may shrug it off and the Federal Reserve will most likely continue to taper its bond-buying program.
Investor Carl Icahn, who owns a 2% stake in eBay, has been pushing for the company to spin off PayPal. The Deal's Lou Whiteman details Icahn's arguments and eBay's response.
Shares of Tesla are climbing on Thursday, one day after the electric car maker disclosed plans to build a new 'gigafactory' to produce batteries. Tesla said the Gigafactory will produce enough battery cells to power 500,000 vehicles every year, in addition to other batteries. According to an SEC filing, the company said 6,500 people will be employed at the 10 million-square-foot battery plant once it's fully operational in 2020. It's expected to open in Arizona, Nevada, New Mexico or Texas in 2017.
Shares of Tesla are climbing on Thursday, one day after the electric car maker disclosed plans to build a new "Gigafactory" to produce batteries.
Retailers are reporting their latest quarterly results and coming in mixed after the harsh winter weather prompted a 0.4% drop in U.S. retail sales last month.
Mt. Gox CEO Mark Karpeles released a statement saying he is working very hard to find a solution to the bitcoin exchange's recent issues.
The nation's housing recovery appears to be on track, according to some newly released data, although not at the pace it once was. Home prices rose slightly more than expected in December, according to the S&P/Case-Shiller index. David Blitzer, chairman of the S&P Dow Jones Indices Index Committee, called 2013 the best year for the index since 2005, but noted that gains are slowing from month-to-month. That's in line with the latest results from luxury homebuilder Toll Brothers, which reported a 52% jump in quarterly revenue but said demand has leveled recently. Meanwhile, Home Depot reported a higher-than-expected quarterly profit, while posting weak sales that were offset by cost-cutting.