Winter Wheels
American car dealers rev up the winter sales season. This year-end, they are rolling out generous incentives and discounts to clear out older vehicle stocks and make way for the exciting new models arriving in the new year.
For over f...
High Stakes
Detroit's unionized auto workers, despite their pending wage increase, are among the world's highest-paid employees when considering benefits such as healthcare. Their employers currently have the financial capacity, but these elevated l...
UAW Strikes Shake the Auto Industry
The automotive industry is facing significant workforce reductions as United Auto Workers (UAW) strikes persist.
Ford's Layoffs
On Monday, Ford announced layoffs affecting approximately 330 employees&n...
Brewing Success
On Friday, stock futures are indicating a positive start as Wall Street eagerly anticipates the latest U.S. inflation data, concluding what has been a challenging month for equities this year.
Key highlights for Friday
Nike's stock...
Wall Street Whispers
Stock futures declined on Tuesday, and Treasury yields moved higher as belief grows on Wall Street that the Federal Reserve will likely keep interest rates higher for an extended period.
Ford
Ford announced...
Chevy Bolt's Final Slice
For years, the Chevy Bolt has been cherished by electric vehicle enthusiasts as the most affordable option for American consumers. However, General Motors' decision to halt production at the end of 2023 to focus on electric ...
WallStreetBets' Favorites
The world of stock discussions on Reddit has become a prominent platform for investors. Today, we delve into the attention three stocks have captured: General Motors (NYSE: GM), PayPal Holdings (NASDAQ: PYPL), and Broadcom ...
Revving Up for the Future
General Motors and Ford, two automotive powerhouses, are not slowing down. Despite their significant investments in future electric vehicles, they are also making substantial commitments to internal comb...
The best January since 2001
At the end of January the Nasdaq Composite stock index, consisting of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001.
Analysts consider several...
Musk's assumptions about the bankruptcy of Twitter
Entrepreneur Elon Musk said in his first address to Twitter employees that the company could go bankrupt if it does not bring in more money. This was rep...
Ads from carmaker
General Motors (GM) will suspend advertising on microblogging service Twitter (TWTR) in connection with the acquisition of the site by billionaire SpaceX and Tesla founder Elon Musk. It was reported by CNBC.
According to media rep...
US stock indices
All three major indices: Dow Jones, S&P 500 and Nasdaq rose at the premarket.
United Parcel Service shares rose after revenue of $27.7bn beat forecasts. UPS also increased its dividend by 49% to 0.50 cents per share.
ExxonMobi...
Mobileye IPO
Intel (INTC) shares rose after the company confirmed plans to take its subsidiary Mobileye, a developer of technology for unmanned cars, to an IPO in mid-2022.
Intel (INTC) shares, up just 5.5% since the start ...
Tesla shares sale
Elon Musk, Tesla's CEO and the richest man in the world, according to regulatory filings, sold more than 4.5 million Tesla shares this week, raising about $5bn. Tesla's sh...
Biggest IPO in history
Rivian's listing on the Nasdaq exchange was one of the most anticipated in 2021 investors were not disappointed. The company raised $11.9bn for its development and was valued at $85.9bn, higher than Ford's capitalisation, for ...
The company's earnings and outlook
Qualcomm (QCOM) shares rose after the postmarket on Wednesday after the chipmaker achieved better-than-expected sales and revenue reports. The high sales outlook for the holiday quarter shows that Qualcomm is respo...
GM's statements at presentation
General Motors' (GM) presentation to investors this week revealed details of the company's plans to double revenues, transform into a 'platform', build a fleet of 1m robot taxis and more. GM shares were up 4...
Sales fall
General Motors (GM) shares declined in early trading on Friday as the biggest US carmaker reported its first drop in deliveries in four quarters.
Dealers at General Motors Co. (GM) delivered 446,997 vehicles in the US in the third quarte...
General Motors plants
General Motors shares fell 3.5% on Thursday after the company said temporary production stoppages at its plants in North America, Canada and Mexico would continue due to a chip shortage, leading&nb...
Losses and plant closures
General Motors reported strong second-quarter results thanks to strong price increases for its pick-up trucks. However, the loss of $800m on the recall of nearly 69,000 Chevrolet Bolt EVs and the closure of GM factories due...
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