Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent’s quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing “strong” revenue growth for the company’s cloud division, AWS, “record-breaking” Amazon Prime days, waning tariff woes,…
Tech led declines in US stocks on Tuesday after notching new all-time highs the prior day, as Wall Street waded through a fresh wave of earnings that brought a tariffs warning from General Motors (GM). The Nasdaq Composite (^IXIC) dropped 0.9% ahead of the first Big Tech quarterly results, and the S&P 500 (^GSPC) fell…
How’s the electric vehicle market doing in America so far this year? Well, that depends on what exactly you mean, and who you ask. EV sales are up this half—but the most recent quarter isn’t looking so pretty. General Motors? Crushing it. Tesla? I probably don’t even have to say it at this point. My…
The second quarter of 2025 painted a chaotic picture of the electric vehicle market in the United States. While General Motors enjoyed a breakout quarter, most other automakers, especially Tesla and Ford, stumbled hard. EV sales are now a mix of breakthroughs and breakdowns. And all of this is happening under a White House that…
General Motors, one of America’s top carmakers, leads US companies in its exposure to China, perched in a delicate position as bilateral trade tensions persist amid US President Donald Trump’s steep 55 per cent tariffs on Chinese imports, according to a research report published this week. But GM is hardly alone. Elon Musk’s electric vehicle…
General Motors is recalling 597,630 of its full-size U.S. trucks and SUVs because the vehicles’ V8 engines can fail without warning, raising the risk of a crash. Manufacturing defects in the connecting rod and/or crankshaft engine components “can lead to engine damage and engine failure,” according to documents posted Tuesday by the National Highway Traffic Safety Administration. …
Apr 10, 2025 General Motors (GM) has announced a temporary layoff of 200 employees at its all-electric Factory Zero assembly plant in Detroit. This decision, as reported by FOX Business, comes as the company aligns its production with current market demands. The plant, which has seen an investment of over $2.5 billion and employs approximately…
Auto stocks continued their downward slide on Monday as the sector, heavily exposed to tariffs, looks for a bottom. Domestic automakers like General Motors (GM), Stellantis (STLA), Ford (F), and Tesla (TSLA) all slipped on Monday as fallout from Trump’s 25% auto tariffs weighed heavily on a sector looking for a lifeline. Tariffs on auto…
President Trump has said that “tariffs are the greatest thing ever invented.” For someone who once called himself a “tariff man,” tariffs are the solutions to many economic problems. He has argued that imposing tariffs would protect American factories, spur manufacturing, create new jobs and bend uncooperative governments to his will. Since his inauguration, while…
• Trump tariff “Liberation Day” and the latest jobs report loom in the week ahead. • ExxonMobil appears well-positioned to capitalize on the changing dynamics of energy trade. • General Motors is expected to face challenges due to the new tariffs set to be unveiled, potentially making it a stock to sell. • Looking for…