As the Detroit automakers gear up to release their second-quarter results, all eyes are on General Motors, which is expected to outshine its competitors. Wall Street analysts predict a solid adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, the company is forecasted to report $45.46 billion
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A recent case involving a nationwide organized retail crime operation that targeted major retailers, including Ulta Beauty, has shed light on the extreme lengths criminals will go to for financial gain. Michelle Mack, the ringleader of this operation, has been sentenced to more than five years in a California state prison. Her husband, Kenneth, who
Ford Motor Company has announced a significant pivot in its production plans, opting to expand production of its large Super Duty trucks at a Canadian plant. This decision comes as a surprise, considering that the plant was initially slated to be converted into an all-electric vehicle hub. The expansion project will involve investing approximately $3
General Motors recently announced the updates to the Cadillac Escalade for the 2025 model year, with a particular focus on the V-Series performance model. These updates include a plethora of new features and enhancements, reinforcing the Escalade’s position as the flagship SUV for Cadillac. One of the most notable changes to the 2025 Escalade is
Following the attempted assassination of former President Donald Trump at a Pennsylvania rally, the leaders of Wall Street’s most powerful firms have spoken out to condemn the violence. JPMorgan Chase CEO, Jamie Dimon, expressed his deep sadness over the incident and emphasized the importance of standing together against hate and violence. Similarly, Goldman Sachs CEO,
Goldman Sachs recently announced its second-quarter financial results, surpassing both profit and revenue estimates. The investment bank reported earnings of $8.62 per share, exceeding the $8.34 per share estimate provided by LSEG. Additionally, the bank’s revenue came in at $12.73 billion, beating the $12.46 billion estimate. Significant Jump in Profit and Revenue The company reported
Dollar General, a popular retailer with over 19,000 stores nationwide, has recently been in the spotlight for its lack of workplace safety. The U.S. Department of Labor announced a $12 million settlement with the company, stemming from numerous violations dating back to 2017. These violations include blocked fire exits, dangerous clutter levels, and other safety
Recent developments suggest that there may be hope for the thousands of Americans who have had their savings trapped in frozen fintech accounts for the past two months. Banks caught up in the aftermath of the collapse of fintech intermediary Synapse have been working diligently to piece together account information for stranded customers. This progress
The Federal Trade Commission is gearing up to file lawsuits against three of the largest U.S. health companies for their alleged practices as middlemen who negotiate prices for medications like insulin. According to a source familiar with the matter, the suits will target UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. These
Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an additional $50 million in equity financing, with General Atlantic leading the round. This investment marks a significant milestone for the company as it prepares to expand its production capacity and offerings to meet the growing demand for nonalcoholic beer in the global market. Since