As Wall Street awaits the second-quarter results of the traditional Detroit automakers, General Motors (GM) is expected to come out on top with stable sales and vehicle prices in the first half of the year. The company is forecasted to report a solid adjusted profit of $2.75 per share, marking a 44.2% increase from the
Business
A nationwide organized retail crime operation that centered around stealing merchandise from major retailers such as Ulta Beauty and Sephora has come to a screeching halt. The brains behind this criminal enterprise, Michelle Mack, has been handed a significant sentence by a San Diego County Superior Court judge. Mack, a resident of Bonsall, California, was
In a surprising turn of events, Ford Motor Company has decided to expand production of its large Super Duty trucks to a Canadian plant that was originally intended to be converted into an all-electric vehicle hub. This new direction includes a hefty investment of about $3 billion to ramp up Super Duty production, with $2.3
General Motors has recently announced updates to its flagship SUV, the Cadillac Escalade V-Series, for the 2025 model year. One of the standout features of the new SUV is a standard 55-inch diagonal display across the dashboard, including a passenger-only screen. In addition, the 2025 Escalade will come with an “executive package” for the second
The recent attempted assassination of former President Donald Trump at a Pennsylvania rally has sparked outrage among the leaders of Wall Street’s most powerful firms. JPMorgan Chase CEO Jamie Dimon expressed his deep sadness over the incident and emphasized the importance of standing together against acts of hate and violence that threaten democracy. Dimon underscored
Goldman Sachs recently announced that it exceeded profit and revenue estimates due to better-than-expected fixed income results and smaller-than-expected loan loss provisions. The second-quarter profit soared 150% from the previous year, reaching $3.04 billion, or $8.62 per share. The bank’s revenue also increased by 17% to $12.73 billion, fueled by growth in core trading, advisory,
Dollar General, a prominent retailer with over 19,000 stores nationwide, has recently come under fire for its repeated violations of workplace safety regulations. The U.S. Department of Labor announced a settlement requiring Dollar General to pay $12 million in penalties due to safety infractions, adding to the more than $21 million in fines it has
The nightmare of frozen fintech accounts that have left thousands of Americans stranded may finally be coming to an end. After two months of uncertainty, there seems to be a glimmer of hope on the horizon for those affected. Banks caught up in the chaos caused by the collapse of fintech intermediary Synapse have reportedly
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their practices as middlemen in negotiating medication prices. The companies in question include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. These companies are connected to health insurers and are accused of inflating costs for
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines recently with the announcement of raising an additional $50 million in equity financing. This funding round was led by General Atlantic, with the potential for even greater investment in the future. The company’s CEO and founder, Bill Shufelt, expressed enthusiasm about the partnership with General Atlantic