P.M. Edition for November 27: General Motors is cutting more than 14 thousand jobs and idling several North American plants. The Wall Street Journal's Mike Colias says GM, like other carmakers, is shifting away from unprofitable sedans to focus on SUVs and pickups.
Janet Yellen's nomination to lead the Federal Reserve makes history. And Greg McBride of Bankrate.com says that doesn't matter.
The renewed volatility on Wall Street has many wondering whether the worst of the pullback is over, or if tough times are just beginning. In this week's podcast, the MoneyBeat crew dissects the big moves in stocks, bonds and oil and offers predictions for what's in store for the rest of the year.