The next chapter in the history of General Motors Corp. (NYSE: GM) is likely to be about bankruptcy. And that would leave the U.S. and Canadian governments as company’s majority owners.

Consumer Confidence Leaps; Hong Kong Injects More Stimulus; Virgin Atlantic Sees Cloudy Skies; South Africa Enters Recession; Experts: Supreme Court Nominee Neutral on Business; Hedge Funds Bet Big on Commodities; GM Gets Labor Concessions in Canada; Russian Firm Takes $200 Million Stake in Facebook

Consumer sentiment is on the rise, but should it be? “Trend” investors are being led into a trap by some sneaky bears. Pay attention or they will get you too.

Too far, too fast? Currencies give back some ground…Did China send a message? The Mogambo and more! And Now… Today’s Pfennig!

That the president of the United States of America is now creating the business plan for an automobile company is surely a sign of something big.

The competition to buy General Motors Corp.’s (NYSE: GM) Opel and Vauxhall units heated up last Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker.

General Motors Corp. (NYSE: GM) is closing in quickly on its June 1 deadline to finish overhauling its operations, or opt for Chapter 11 bankruptcy. Because that deadline is actually one week from yesterday (Monday), analysts and investors will be watching GM closely this week.

BofA Fast Tracks TARP Payback; Brazil Unemployment Reverses in April; Taiwan GDP Falls 10.24%; Emirates Airline Posts 80% Profit Nosedive; Dollar Swoons Against Euro, Yen; GM and UAW Reach Tentative Accord; Leading Indicators Surge to 4-Year High; Copper Slumps on Poor Sentiment

Crude Rises Above $62/Barrel; Opel Courtship Down to Three; Unibanco CEO: 4% Second-Half GDP for Brazil; Target and BJ’s Beat Expectations; Obama To Sign Credit Card “Bill of Rights”; California Could Go Broke After Voters Reject Plan; Wall Street Won’t Rehire Many Workers; Indiana Pension Funds File to Block Chrysler Bankruptcy Sale

Agricultural Bank of China Raises $7.3 Billion; Banks Applying to Repay TARP; Fiat CEO Confident About Opel Bid; World Bank Prez Sees Year-End Recovery; Derivatives Shrink to $592 Trillion; GE Reaches Debt Funding Goals for 2009; UAW & GM Still at Odds on Labor Agreement; Home Depot Beats Street