General Motors recently reported its best quarterly sales performance in over three years, showcasing significant growth in various segments. The Detroit automaker’s second-quarter sales reached 696,086 units, marking a 0.6% increase from the previous year and the highest number of units sold since the fourth quarter of 2020. Notably, the sales of General Motors’ all-electric
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The cyber attack on CDK’s Dealer Management Software at the end of June had a significant impact on the new vehicle sales of top U.S. automakers in the second quarter. General Motors reported only a 0.6% increase in new vehicle sales, a stark contrast to the 19% rise in sales they experienced the previous year.
The U.S. stock market is facing a downward trend with futures pointing lower on Tuesday. This comes after a previous session where the main indices on Wall Street experienced a slight rise in light pre-holiday trading. The Dow futures contract has dropped by 0.3%, S&P 500 futures by 0.3%, and Nasdaq 100 futures by 0.4%.
European stock markets experienced a slight decline on Tuesday as investors waited for the latest inflation data from the region. The DAX index in Germany was down by 0.6%, the CAC 40 in France fell by 0.6%, and the FTSE 100 in the U.K. dropped by 0.4%. The upcoming June inflation data release is expected
The real estate market in Manhattan is experiencing a significant shift, with apartment prices on the decline and inventory on the rise. Reports indicate that the average sales price for real estate in Manhattan has fallen by 3% to slightly over $2 million. Additionally, the median price decreased by 2% to $1.2 million, while luxury
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
In the first six months of 2024, activist investors launched campaigns at a record number of companies globally, as reported by data from Barclays. This increase in activity has sparked speculation among bankers, lawyers, and investors about potentially more costly battles between activist shareholders and management over leadership changes, spin-offs, and outright sales in the
The Asian market is currently experiencing a flat-to-low range movement as investors process mixed signals regarding Chinese business activity. This lackluster performance can be attributed to the uncertainty surrounding U.S. interest rates, which continues to influence investor sentiment. The recent negative close on Wall Street has also contributed to the subdued performance of Asian stocks.
Dividend-paying stocks provide investors with an opportunity to strengthen their portfolios and increase overall returns. By choosing companies with a consistent track record of dividend payments and solid financials, investors can secure stable income streams while benefiting from capital appreciation. Wall Street’s top analysts have identified three dividend stocks that stand out as attractive options
A recent downgrade of Alphabet (NASDAQ:GOOG) by a Rosenblatt analyst has brought attention to multiple areas of transitional risk that the tech giant is facing. The investment bank identified risks associated with the impact of AI on search, potential search ad revenue loss due to AI Overviews, and emerging evidence of search share loss to
China’s manufacturing activity experienced a decline for the second consecutive month in June, according to an official survey. The National Bureau of Statistics (NBS) reported that the purchasing managers’ index (PMI) stood at 49.5 in June, unchanged from the previous month. This figure remains below the critical 50-mark, indicating a contraction in the manufacturing sector.
The market outlook for both value and growth stocks appears to be promising in the second half of the year, according to Todd Rosenbluth, the head of research at VettaFi. While growth stocks have been performing well, value stocks have lagged behind. However, the annual rebalancing of the FTSE Russell index could potentially provide a
The U.S. Track & Field Olympic Trials have been witnessing a different breed of athletes this year – unsponsored ones. These 35 athletes are part of Bandit Running’s Unsponsored Project, where they defy the traditional sponsorship model by donning all-black, logo-less gear. This initiative challenges the norm where athletes are expected to promote major brands
NASA and Boeing have decided to further extend the first crewed flight of Boeing’s Starliner capsule, named “Calypso,” at the International Space Station. The decision was made to conduct additional testing on the ground, without setting a new target date for the capsule’s return. This decision comes after the planned nine-day mission has already extended