General Motors is expected to release its second-quarter results, with analysts predicting that it will outperform other traditional Detroit automakers. The company is anticipated to maintain stable sales and vehicle prices throughout the first half of the year. With an estimated earnings per share of $2.75 adjusted and revenue of $45.46 billion, GM is poised
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When examining the financial reports of traditional Detroit automakers, General Motors stands out as the clear frontrunner. The company is expected to report a solid adjusted profit of $2.75 per share, which is a significant increase from the previous year. Additionally, GM’s revenue is forecasted to be up by 1.6% to $45.46 billion. These numbers
Organized retail crime continues to be a major issue for retailers across the country, with recent cases highlighting the extensive operations of criminals targeting major retail chains like Ulta Beauty and Sephora. One such case involves Michelle Mack, the ringleader of a nationwide operation that stole millions of dollars in merchandise from these retailers. Michelle
Ford Motor’s recent decision to expand production of its large Super Duty trucks to a Canadian plant, previously earmarked for all-electric vehicle production, has raised eyebrows in the automotive industry. With an investment of around $3 billion, including a significant portion at Ford’s Oakville Assembly Complex in Ontario, Canada, the move signifies a shift in
General Motors is set to unveil the latest upgrades to the iconic Cadillac Escalade V-Series for the 2025 model year. This flagship SUV from Cadillac will feature a range of enhancements and new features that aim to elevate the driving experience for luxury SUV enthusiasts. One of the most notable features of the 2025 Cadillac
Following the shocking attempted assassination of former President Donald Trump at a rally in Pennsylvania, the leaders of Wall Street’s most powerful firms have been vocal in condemning the violence. JPMorgan Chase CEO Jamie Dimon expressed deep sadness over the incident, emphasizing the need for unity against hate and violence that threaten democracy. Dimon’s message
Goldman Sachs recently announced that they have exceeded profit and revenue expectations, driven by exceptional fixed income results and lower loan loss provisions. In the second quarter, the company reported earnings of $8.62 per share, surpassing the $8.34 per share estimate, and revenue of $12.73 billion, beating the $12.46 billion estimate. This quarter’s profit soared
The U.S. Department of Labor recently announced a settlement with Dollar General, mandating the retailer to pay $12 million in penalties and enforce significant workplace safety improvements across its 19,000 stores nationwide. This settlement comes as a response to more than $21 million in fines from the Federal Occupational Safety and Health Administration (OSHA) since
In the wake of the collapse of fintech intermediary Synapse, which left thousands of Americans stranded without access to their savings, there seems to be a glimmer of hope on the horizon. Banks involved in the debacle have reportedly made significant progress in piecing together account information for the affected customers. This progress could potentially
The Federal Trade Commission is preparing to take legal action against three major U.S. health companies for their role as intermediaries who negotiate prices for essential medications like insulin. These companies, UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, are being accused of artificially inflating costs for patients. The suits will focus