General Motors CEO Mary Barra expressed gratitude to President Trump for his support of the U.S. automotive industry, yet acknowledged an anticipated financial impact of $4 to $5 […]
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GM Anticipates Significant Financial Impact from Tariffs
General Motors (GM) has projected that tariffs could result in a financial impact of up to $5 billion. Despite recent relief measures, the company remains concerned about the […]
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GOP Megabill Draws Wall Street’s Attention
Wall Street is closely monitoring the GOP megabill, which includes proposals to eliminate the accounting-firm watchdog, the Public Company Accounting Oversight Board (PCAOB). This legislation aims to rein […]
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Treasury yields remain steady amid weak jobless claims ahead of jobs report
Treasury yields remained steady on Thursday following reports indicating a contraction in the U.S. economy during the first quarter and flat inflation readings in March. The benchmark 10-year […]
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What Investors Are Overlooking at Nvidia, Apple, and a Cruise-Line Operator
A fund manager highlights overlooked aspects of Nvidia, Apple, and a cruise-line operator that investors should consider. According to the fund manager, these companies present unique opportunities that […]
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Ford Delays Price Hikes to Assess Rivals’ Responses to Tariffs
Ford Motor Co. has decided to delay increasing the prices of its vehicles as it waits to see how competitors react to the higher costs imposed by President […]
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Starbucks Stock Drops After Disappointing Quarterly Results
Starbucks (SBUX) shares experienced a significant decline following the release of its fiscal second-quarter results, which failed to meet analysts’ expectations. The company reported a 1% drop in […]
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Stock Market Today: Dow Jones Declines Amid Economic Contraction; Nvidia Drops As Cathie Wood Invests In Competitor
The Dow Jones experienced a decline today as economic contraction concerns weigh on investor sentiment. Meanwhile, Nvidia’s stock fell after Cathie Wood, a prominent investor, increased her stakes […]
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GOP Drops Plan to Consolidate Antitrust Powers at DOJ
The Republican Party has reversed its earlier move to consolidate antitrust enforcement powers solely within the Department of Justice (DOJ), abandoning plans that would have stripped the Federal […]
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UPS to Cut 20,000 Jobs and Close 70 Facilities Amid Amazon Contract Reduction
UPS plans to cut approximately 20,000 jobs and close more than 70 facilities as it reduces its handling of Amazon shipments. The package delivery giant announced that it […]