Shares in Halliburton (HAL) rallied after beating on revenue and earnings per share (EPS) for the third quarter, and announcing a deal for data center power infrastructure. Oilfield services giant Halliburton reported revenue of $5.6 billion in the third quarter, beating consensus estimates of $5.4 billion, and adjusted earnings per share of $0.58 per share,…
00:00 Speaker A All right, General Motors is out with much better than expected earnings and a raised full year outlook, but the auto giant is still warning that tariffs from the Trump administration will hammer profits by as much as $4 billion. The company is also restructuring its EV business as it takes a…
The U.S. stock market is holding near its record heights on Tuesday as the floodgates open for companies reporting how much profit they made during the summer. The S&P 500 was essentially unchanged in early trading and is sitting just 0.2% below its all-time high set earlier this month. The Dow Jones Industrial Average was…
On the Dash: GM raised its 2025 adjusted core profit outlook to $12–$13 billion, signaling stronger-than-expected earnings and tariff relief. EVs remain a small portion of total sales, and GM canceled its dealer-led tax credit extension, reflecting ongoing challenges in stimulating EV demand. CEO Mary Barra emphasizes reducing EV overcapacity and letting customer demand guide…
Earnings season is ramping up as Tesla (TSLA), Netflix (NFLX), General Motors (GM), and Ford Motor Company (F), among others, report results this week. As of Oct. 17, 12% of S&P 500 companies have reported results, according to FactSet data, and analysts are expecting an 8.5% jump in earnings per share during the third quarter….
US stocks marked time before the bell on Tuesday as Wall Street geared up for the next wave of corporate results, with General Motors and Netflix (NFLX) highlighting the docket. Dow Jones Industrial Average futures (YM=F) slipped 0.2%, while S&P 500 futures (ES=F) nudged down 0.1%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) also edged…
President Trump’s affinity for electric vehicles (EVs) lasted about as long as his government collaboration with Tesla NASDAQ: TSLA CEO Elon Musk did. Earlier this year, at a staged media event at the White House’s South Lawn, the president publicly announced that in support of Musk, he was purchasing a red Tesla Model S. But…
China’s state-owned carmakers are realigning their operations on the mainland, forming tie-ups with domestic partners after relying on foreign marques for decades, as they focus on electric vehicles (EV) in the world’s largest market for clean-energy cars. Juggernauts from FAW Group, mainland China’s oldest carmaker, to SAIC Motor, the country’s largest carmaker until 2023, are…
(Reuters) -The Trump administration is seeking an equity stake of as much as 10% in Lithium Americas (LAC) as it renegotiates terms of the company’s $2.26 billion Energy Department loan for its Thacker Pass lithium project with General Motors (GM), two people familiar with the discussions told Reuters. The proposed stake is the latest example…
General Motors is slated to bring back one of its most iconic EV models soon, with some new features to modernize it for the current EV market. GM has announced that it is bringing back the Chevrolet Bolt as part of its 2027 model lineup. The model originally debuted in late 2016 and received an…