11/20/09 – theGrio & CNBC Market Wrap Up
TheGrio and CNBC team up to deliver a weekly preview of money matters and market updates for our community.
CNBC’s Shartia Brantley reports that the financial markets had to analyze a slew of quarterly sales reports from retailers, while improvement there were improvements in the chains, Home Depot and Lowe’s reported a drop in profits. General motors announced it will pay back $1 billion of a nearly $7 billion loan to the US government in December.
The housing market remains fragile and help is on the way for small businesses as investment bank Goldman Sachs and billionaire investor Warren Buffett have joined forces to invest $500 million in small businesses.
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