Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "United Auto Workers began"


4 mentions found


The company now predicts full-year net income of $9.1 billion to $9.7 billion, down from its previous outlook of $9.3 billion to $10.7 billion. But GM expects to generate more cash for the full year. To get there, GM expects to cut capital spending, including a slowdown in spending on electric vehicles and at Cruise, its troubled autonomous vehicle unit. In June of last year, electric vehicle sales were growing about 90% year over year, according to Motorintelligence.com. Barra wrote that GM has a strong cash balance due to record profits from selling gas-powered vehicles and more efficient internal combustion and electric vehicle operations.
Persons: Motors, Barra, Cruise, It's, Mary Barra, Shawn Fain, she’s, ” Barra Organizations: DETROIT, , autoworkers, Detroit, Wednesday, United Auto Workers, GM, San, Cruise, Ford, UAW Locations: Cruise, California, San Francisco, Barra, Detroit
Steven Cheung, a Trump spokesman, used expletives in calling Mr. DeSantis a “candidate that just steals from President Trump’s policy book” in a post on X, formerly known as Twitter, during the governor’s remarks. In a lengthy, six-pronged policy outline, Mr. DeSantis promised to remove subsidies for electric vehicles, take the U.S. out of global climate agreements — including the Paris accords — and cancel net-zero emission promises. He also vowed to increase American oil and natural gas production and “replace the phrase climate change with energy dominance” in policy guidance. His remarks — delivered above the sounds of heavy machinery — paired standard Republican energy policy, blasting foreign energy dependence and blue state regulations, with criticism of the Biden administration’s focus on reducing carbon emissions and incentivizing clean energy. The Biden campaign criticized Mr. DeSantis’s plan.
Persons: Steven Cheung, DeSantis, Trump’s, , George W, Bush, , Biden, DeSantis’s, ” Ammar Moussa, Mr, autoworkers Organizations: Trump, Twitter, , MAGA Republican Party, United Auto Workers Locations: Paris
Most economists think that while the hit could be substantial, it will not be so big that it would plunge America into a recession. Goldman Sachs analysts expect renewed student loan payments to cost households about $70 billion per year. But the student loan payments will also restart at the same time consumers face a number of other headwinds, including shrinking savings piles, a cooler job market and higher price levels after two years of rapid inflation. Retailers have begun to publicly fret that the resumption of student loan payments could collide with those other developments, pushing their shoppers closer to a breaking point. Executives from companies like Walmart, Macy’s, Best Buy and Gap have all warned analysts and investors that student loan payments may put pressure on shoppers’ budgets, eating into some of their sales in the process.
Persons: Goldman Sachs, Biden, Julia Coronado, “ It’s, Organizations: Hollywood, United Auto Workers, Retailers, Walmart, Macy’s
Nucor — The steelmaker fell 6.1% after offering worse-than-expected guidance for third-quarter earnings, with the company pointing to pricing and volume challenges. Core & Main — The infrastructure stock retreated 4.1% a day after it announced a secondary stock offering. The bank said Apellis has a favorable risk/reward ahead of third-quarter earnings. The Wall Street firm said the resumption of loan repayments introduce bookings risk to food delivery. The Wall Street firm said its pessimistic outlook was changing despite recent underperformance in the reinsurance space.
Persons: Stellantis, Chris Rondeau, Rondeau, Craig Benson, Nucor, Raymond James, Needham, Charles Shi, Lam, Goldman Sachs, Apellis, MoffettNathanson, Estée Lauder, Goldman, Yun Li, Jesse Pound, Samantha Subin, Pia Singh, Brian Evans, Lisa Kailai Han Organizations: UAW, General Motors Wentzville, General Motors, Ford, United Auto Workers began, Workers, CNBC, LSEG, PTC Therapeutics, Medicines Agency's, Medicinal Products, Arm, Investment, Bloomberg News, Apple, Dexcom, ASML Holding, Lam Research, Taiwan Semiconductor, Adobe, Bank of America, JPMorgan, Apellis Pharmaceuticals, Waste Systems Locations: Wentzville , Missouri, New Hampshire, Wells, underperform
Total: 4