Bullish Blog

GM shares jump on Kerkorian's proposal to ally the auto giant with Nissan and Renault. Indexes end lower. Apple shares down on options report. RIMM up, Palm down. A look at the second-quarter results.

Reuters - Heading into the third quarter, U.S. stock investors may feel like they just got off a bone-rattling thrill ride.

An alliance between GM and Renault/Nissan may be relatively unlikely.  But investor euphoria should provide a floor under GM stock for now.

Competitors failed to dent Research In Motion's quarterly numbers. But the BlackBerry maker faces a tough challenge replicating its enterprise success in the consumer market.

The market is so oversold that I see a 5%-to-10% gain in the major indexes. And a big winner could be my big loser from the last round -- Sirius Satellite Radio.

The Dow jumps 217 points, its biggest one-day jump since March 2003 after the Fed raises key rate to 5.25%. But the central bank hints it may not raise rates in August. Microsoft delays release of Office 2007. Crude oil tops $73. Ethanol IPO disappoints.

Since taking the helm of J.Crew Group in 2003, merchandising guru Mickey Drexler has transformed the once-struggling retailer into one of the nation's hottest fashion chains.

AP - A relief rally carried Wall Street sharply higher Thursday after the Federal Reserve appeared to soften its stance on future interest rate hikes, saying it would consider both the economy's health and inflation as it formulates its policy. The Dow Jones industrial average rose more than 215 points, its biggest one-day point gain in more than three years.

AP - Stock prices shot higher Thursday after the Federal Reserve indicated it was standing by its policy of raising interest rates as needed to contain inflation.