CNBC.com's News Now: Scam of the Century

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DOW 8776.39 108.00 +1.25% NASDAQ 1577.03 26.33 +1.7% S&P 903.25 12.61 +1.42%   Wednesday, Dec. 31, 2008   WHAT YOU SHOULD KNOW     Stocks Log Best Year-End Rally Ever! Santa delivered his rally just in time for the ball drop — and with a bang! The Dow Jones Industrial Average jumped another 108 points Tuesday, adding to the 184-point gain logged on Wednesday, making it the best two-day end-of-year rally EVER. The record was 115.83, set in 1997....read more     Pros Say: This Managed Investment Will Save Your '09 Global stocks are set to end their worst year ever since the Great Depression on Wednesday. After such a turbulent year, investors are hoping 2009 will be better. Experts tell CNBC where they see value for next year....read more     Citigroup's Executive Pay To Be Tied to Performance Citigroup plans to announce a new executive compensation system in which the top executives at the firm will see sharp reductions in their yearly pay packages if the firm's fortunes continue to sour, people close to the firm tell CNBC....read more     TODAY'S TOP 5 VIDEOS     1. Central Banks Are "Pillaging" Savers' Accounts Central banks are pillaging savers' accounts when interest rates are cut down to zero, says Jim Walker, founder and CEO of Asianomics. As a result, he tells CNBC's Martin Soong that people will save more in order to safeguard their future.     2. Gloom & Boom with Doom Discussing the current economic condition, with Marc Faber, Gloom, Boom and Doom Report     3.Invest In Gold, Swiss Franc for 2009: Chartist Gold and cash in Swiss francs are the places to be going into 2009, according to Chris Locke from Oystertrade.com Management. He sees a strong uptrend for the precious metal, sending it to $1,250 by 2010. Locke also sees a broad sideways trading range for the S&P 500 index in 2009.     4. Scam of the Century Today is the deadline for Bernard Madoff to disclose his personal assets. Jacob Frenkel, a former SEC enforcement attorney, discusses the scandal with CNBC.     5. TV Ad Outlook 2009 A look at television advertising in the new year, with Laura Ries, of Ries & Ries, and Brad Adgage, of Horizon Media     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     The 30% Club: Three Stocks With Promising Returns Brent Wilsey has a simple guideline for 2009: Put your money into companies whose returns will improve at least 30%. And the president of Wilsey Asset Management has three stock picks that fit the bill... See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS

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CNBC.com's News Now: GMAC Gets a Lifeline

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DOW 8668.39 184.46 +2.17% NASDAQ 1550.7 40.38 +2.67% S&P 890.64 21.22 +2.44%   Tuesday, Dec. 30, 2008   WHAT YOU SHOULD KNOW     Stock Picker: Don't Miss Super-Short Rally! Jack Hough is so convinced that the stock market is ready to rally that he's written a book about it, Your Next Great Stock. "It's possibly the worst-selling book in America right now, because absolutely no one wants to talk about stock picking," the SmartMoney columnist admitted to CNBC. "I should have written one of these 'doom-and-gloom' books." So what's behind his enthusiasm...read more     Stocks Rally 2% on Auto Bailout, Tech Gains Stocks rallied to the finish line as investors shrugged off a drop in consumer confidence and cheered the bailout of General Motors' finance arm...read more     GM Sees Boost From GMAC Bailout, Easier Credit General Motors expects to see a boost to sales as low-cost loans made possible by the federal bailout of finance company GMAC reach showrooms, the automaker's sales chief said Tuesday...read more     TODAY'S TOP 5 VIDEOS     1. GMAC Gets a Lifeline GMAC will get a total of $6B in aid from the Treasury, with Paul Kedrosky, TheStreet.com columnist     2.Consumer Confidence Data A look at the December numbers, with Stephen Gallagher, Societe Generale; Jack Ablin, Harris Private Bank and CNBC's Rick Santelli     3. Falling Fed The Fed, with $2.4 trillion in assets and $40 billion in capital, is leveraged 50 to 1. Robert Shiller, Yale economics professor, and Jeremy Seigel, Wharton finance professor, share their insight.     4.Nobel Thoughts On the Economy Insight on how soon the recession will end, with Edmund Phelps, Nobel Laureate/Columbia University professor.     5. Blog Reporting Steve Jobs Health Decline A technology blog is reporting that Apple CEO Steve Jobs is in declining health. CNBC's Jim Goldman has the details.     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     MLB Salary Cap? Ridiculous! Milwaukee Brewers owner Mark Attanasio said baseball may need a salary cap to "preserve competition." Maybe he can't sign the same players as the NY Yankees — but who cares? It's a bad argument. See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS

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