Unless your name is Tesla, the US EV market has been a minefield for OEMs. There were dangerous cracks even as customers set a record sales pace through the first three quarters of 2025. American consumers flocked to dealerships to buy electric vehicles last year, until September 30, when the $7,500 EV tax credit expired….
General Motors (GM) is eliminating approximately 500 to 600 salaried jobs in its information technology organization as part of a broader effort to reduce expenses and reassess staffing needs. The job cuts began Monday and are expected to affect workers primarily in Austin, Texas, and Warren, Michigan, it said. CNBCciting a source. The reductions are…
General Motors (GM) has agreed to pay $12.75 million to settle a lawsuit in California alleging it sold the personal and driving data of OnStar subscribers without proper disclosure or consent. OnStar is GM’s subscription-based offering for in-vehicle safety. The lawsuit was filed by the California Attorney General and district attorneys representing Los Angeles, Napa,…
The US government is in preliminary talks with Ford Motor (F) and General Motors (GM) about the production of weapons and military equipment. The talks are in the early stages and no deals have been announced. But for investors in both stocks, it’s worth asking the question: Could a defense pivot add real value to…
For months, General Motors has made clear the extent to which its electric vehicle business is struggling. In October, the country’s largest automaker by volume said its board of directors approved third-quarter charges of $1.6 billion at GM North America for a “planned strategic realignment of our electric vehicle capacity and manufacturing footprint” to meet…
General Motors (GM) hit a new 10-year high in Monday morning trading. The automaker has a strong technical drive in this regard. The stock has a 100% “Buy” technical opinion from Barchart and the stock is up 32% over the past year. Fundamentals are forecasting a rebound in earnings next year and price targets rise…
Investors faced a tumultuous morning Friday as they digested an unexpected collaboration between two major American automakers and eagerly awaited the Federal Reserve’s imminent decision on interest rate adjustments. The S&P 500 Index (^GSPC) showed resilience with a 0.23% rally, while the Nasdaq Composite Index (^IXIC) saw a notable rise of 0.48%. In contrast, the…
The S&P 500 index nearly erased its hard-earned gains. Meanwhile, the Nasdaq 100 saw a 1.5% drop, with tech giants Amazon and Nvidia leading the decline. This decline was compounded by reports from Taiwan Semiconductor Manufacturing Co. calling for delays in shipments of high-end equipment, leading to a 2.5% drop in the chipmakers’ shares. The…
Stocks rose Tuesday as the benchmark 10-year Treasury yield rebounded, and investors eagerly anticipated a wave of earnings reports from major technology companies and other industry leaders. The Dow Jones Industrial Average (^DJI), the S&P 500 (^GSPC), and the Nasdaq Composite (^IXIC) all posted gains of around 0.5%. The 10-year yield (^TNX) hit 4.86%,…
The S&P 500 Index ($SPX) (SPY) today rose +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.12% and the Nasdaq 100 Index ($IUXX) (QQQ) fell -0.30%. December E-mini S&P Futures (ESZ25) rose +0.03% and December E-mini Nasdaq Futures (NQZ25) fell -0.25%. Stock indices are mixed today, with the Dow Jones Industrials hitting a one-and-a-half-week…
