GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions
2023-11-30 23:23
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
2023-11-30 22:59
Activist investor Peltz seeks two seats on Disney board - CNBC
Activist investor Nelson Peltz is seeking two seats on Walt Disney's board, CNBC reported on Thursday. The media
2023-11-30 22:57
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
2023-11-30 22:25
Traders bet Fed will hold rates steady, start cuts in May
Traders on Thursday maintained bets the Federal Reserve will hold interest rates steady for three more meetings before
2023-11-30 22:19
Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
2023-11-30 21:56
EU Aims to Unveil Plan to Tap Frozen Russian Assets Amid Doubts
The European Union is moving ahead with a proposal to tax profits from more than €200 billion ($218
2023-11-30 21:53
Anthony Fauci to Testify for House Committee Investigating Origins of Covid
Anthony Fauci will testify in Congress both privately and in public early next year, the Republican chairman of
2023-11-30 21:52
A Wave of Hate Crime Unleashed by Israel-Hamas War Is Testing the World
Three college students of Palestinian descent out walking over the Thanksgiving break were shot in Vermont. A synagogue
2023-11-30 21:51
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth
2023-11-30 21:46
Ford Lowers Profit Guidance as Labor Costs Rise $8.8 Billion
Ford Motor Co. restored financial guidance Thursday, saying profits would come in lower than earlier projections due to
2023-11-30 21:20
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
2023-11-30 21:15