GM lays off 1,000 employees amid reorganization and cost-cutting
DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. The layoffs,
Alibaba Stock Rises 5% in Premarket
Alibaba Group Holding Ltd. reported mixed results for its September quarter, highlighting both opportunities and challenges within China’s e-commerce sector. Net income surged 58% year-over-year to 43.9 billion yuan ($6.07 billion), significantly outperforming the LSEG consensus of 25.83 billion yuan.
S&P 500 Futures Slip 0.51%
U.S. stock futures dropped early Friday as the postelection rally showed signs of faltering and the Federal Reserve indicated a cautious stance on further interest rate cuts. Dow Jones Industrial Average futures fell 156 points, or 0.36%, while S&P 500
Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures. Most of the stock was sold
Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures. Most of the stock was sold
Nvidia stock has 25% upside
Nvidia’s stock has surged to unprecedented heights, and Melius Research suggests the momentum isn’t over. A recent note by Ben Reitzes, managing director at Melius, raised Nvidia’s price target to $185, suggesting a potential 26% increase from its current level.
Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing. Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis
Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing. Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis
Shopify’s Stock Surged By 25% After Reporting Strong Revenue
Shares of Shopify surged as much as 25% following the company’s impressive third-quarter earnings report, which exceeded analysts’ expectations. The e-commerce giant reported earnings per share (EPS) of $0.35, surpassing the anticipated $0.26. Meanwhile, its revenue reached $2.16 billion, above
Tencent Stock: Q3 Profit Surges 47%, Gaming and Ads Lead
Tencent Holdings Ltd (HK:0700) reported robust third-quarter results, surpassing profit expectations primarily due to strong growth across its gaming, advertising, and cloud segments.Profit attributable to shareholders surged 47% year-over-year to 53.23 billion yuan ($7.37 billion), well above LSEG’s forecast of