Articles

GM slashes profit outlook, sees tariffs costing up to $5 billion

GM’s updated guidance comes two days after the automaker reported quarterly earnings, in which profit and revenue topped expectations.

Retail’s continued buy-the-dip mentality contrasts sharply to stated pessimism

The volatility in stock and bond markets still hasn’t eroded the retail buy-the-dip mentality after two years of powerful returns, according to a new analysis from JPMorgan.

Trump offers some auto-tariff relief, but not for carmakers’ two biggest concerns

Despite a plan to ease off the transition to steep tariffs and rebate calculations, carmakers are still in a ‘Twilight Zone.’

How a massive blackout spotlights Europe’s political and economic challenges

A power outage across Spain and Portugal will have major repercussions and bring calls for change.

AI isn’t taking jobs, but it may be limiting pay growth, study finds

For all the fears that artificial intelligence will take jobs, the evidence so far is that even the most exposed industries have not turned to automation to replace jobs.

‘We are not poor’: My husband and I are tired of picking up the check for our friends. How can we get them to step up?

“I can see that we are the most privileged — that is, the wealthiest — among everyone.”

A tough year for Beyoncé’s mom Tina Knowles: Breast cancer and demolishing her hurricane-damaged Texas home

Following her difficult year, Knowles said she is doing better than ever and is healthier than she has been in a very long time.

Tesla’s board reportedly initiated CEO search for Elon Musk’s successor

Tesla Inc.’s board of directors took steps toward finding Chief Executive Elon Musk’s successor earlier this month, as the EV maker’s stock sank while Musk prioritized his DOGE efforts, according to a new report.

Court upholds limits to DOGE access to Social Security data

A circuit court backed the decision to pause ‘unfettered’ access to personal information.

Judge blasts Apple for violating App Store ruling. But these analysts aren’t concerned.

Apple Inc. “outright lied” and willfully ignored an antitrust ruling to open up its App Store, a federal judge said late Wednesday as she blocked Apple from collecting new fees on certain purchases.

Meta’s blowout earnings show why investors shouldn’t sweat a boost to AI spending

Meta raised its capital-expenditure forecast, but it’s also posting strong enough revenue growth to support that spending.

Stock market’s post-GDP whiplash shows it’s ‘foolish’ to expect anything but volatility

The stock market is experiencing whiplash, with the shrinking of the U.S. economy in the first quarter underscoring investor’s worries over tariff uncertainty.
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