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GM Cuts 1,000 More Jobs as EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.
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Financial Services Roundup: Market Talk
Find insight on Generali, Computershare, Royal Bank of Canada and more in the latest Market Talks covering Financial Services.
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Auto & Transport Roundup: Market Talk
Read about Alstom, Wizz Air, ComfortDelGro, and more in the latest Market Talks covering the Auto and Transport sector.
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Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
“The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,” Powell said.
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Jim Cramer names hot sectors that could use a pullback
CNBC’s Jim Cramer on Thursday named sectors that have seen major gains recently and warned investors not to buy them while they’re hot.
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Warren Buffett’s Berkshire Hathaway takes a stake in Domino’s Pizza
The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September.
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Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
Shares of Moderna, Novavax, Pfizer, BioNTech and GSK closed lower on Thursday.
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Trump picks vaccine skeptic RFK Jr. for Health and Human Services secretary
Donald Trump had said that if elected president he would have Robert F. Kennedy Jr. “go wild on health.” HHS oversees Medicare, Medicaid, CDC and FDA.
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People are fleeing Elon Musk’s X for Threads and Bluesky. Welcome to the era of social media fragmentation
Many high-profile X users are leaving after Elon Musk’s efforts to elect Donald Trump, adding to a new era of fragmented social media.