General Motors (GM) is poised to release its second-quarter earnings report on Tuesday, with analysts predicting solid results driven by favorable trends in the automotive industry. Refinitiv consensus estimates suggest that GM will report adjusted earnings per share of $1.85 and revenue of $42.64 billion, reflecting significant year-over-year increases of approximately 62% and 19% respectively.
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Federal Trade Commission Chair Lina Khan recently defended her progressive stance on antitrust enforcement during an event, countering the barrage of criticism that the agency has faced from the business community. Khan emphasized that the FTC’s role is not to impose personal philosophical beliefs but rather to adhere to the statutes governing antitrust regulations. She
Chevron, one of the leading oil companies, made an important announcement on Sunday regarding changes in its top management. Chief Financial Officer (CFO) Pierre Breber will be retiring next year. In his place, Eimear Bonner, the Chief Technology Officer of Chevron Technical Center, has been appointed as the successor. Bonner, a long-time company veteran with
The recent string of gains in the market may face a potential setback as traders prepare for a significant Federal Reserve meeting and the start of earnings season. The Dow Jones Industrial Average managed to achieve a 10-day winning streak, thanks to soft inflation reports and the growing excitement surrounding artificial intelligence. However, the market
The Federal Reserve has recently introduced its FedNow instant-payments service, which aims to enhance the flow of cash for businesses and individuals. After several years of development, officials believe that this system will enable faster and more convenient everyday payments, such as immediate access to paychecks, last-minute bill payments, and government payments. Fed Chair Jerome
Good time management is crucial for success in both personal and professional aspects of life. It allows individuals to prioritize tasks, avoid procrastination, and make the most of their available time. Effective time management helps individuals achieve their goals, reduce stress, and increase productivity. By managing time effectively, people can enhance their overall well-being and
IBM, the multinational technology company, announced its second-quarter earnings on Wednesday, surpassing analysts’ estimates and experiencing an expansion in its gross margin. Although the company fell short of consensus revenue estimates, shares of IBM remained relatively stable during extended trading following the report. According to Refinitiv, IBM reported adjusted earnings of $2.18 per share, exceeding
A federal judge has denied the Federal Trade Commission’s (FTC) request for a preliminary injunction to stop Microsoft from finalizing its acquisition of Activision Blizzard. This decision not only signifies a setback for the FTC, but also challenges FTC Chair Lina Khan’s approach to antitrust enforcement. While the ruling does not guarantee the deal’s approval,
Novavax, a biotech company in Maryland, experienced a significant surge in its stock price, soaring over 30% on Monday. This surge came as a result of Canada agreeing to pay $350 million for Covid vaccine doses that were initially scheduled for delivery but went unused. The settlement forms part of an amended purchase agreement for
Chicago Federal Reserve President, Austan Goolsbee, expressed confidence that inflation can be controlled without the need for a recession, despite the likelihood of further interest rate increases. Goolsbee believes that the ongoing job growth is a key factor in the Fed’s plan to restore price stability while avoiding any negative impact on the economy. He