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Browsing: Business

Business

GM takes $1.6B financial hit as EV tax credit changes force strategy overhaul

General Motors said Tuesday that it plans to take a $1.6 billion charge in the third quarter as it revamps its electric vehicle strategy as the end of...

Business

Fed's Powell points to persistent labor market weakness as government shutdown delays official reports

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown...

Business

ETF race hits $1T at record speed

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s "It Was a Very Good Year," as the industry just hit $1 trillio...

Business

US car prices reach new high as luxury vehicle, EV sales surge nationwide

The average new vehicle transaction price in the U.S. reached a record high in September.The average new vehicle transaction price exceeded $50,000 fo...

Business

Prediction markets see cloudy outlook as traders bet on extended shutdown

Traders on prediction platforms Kalshi and Polymarket are wagering that the federal government shutdown will extend well into next month, as partisan...

Business

How homeowners can earn rewards points for paying their mortgage

Homeowners will soon have the chance to start earning rewards points for paying off their mortgage every month. Bilt, a loyalty program designed to he...

Business

Goldman's profit beats estimates as dealmaking rebound boosts investment banking

Goldman Sachs beat Wall Street expectations for third-quarter profits on Tuesday, as its investment bankers earned higher advisory fees and rallying m...

Business

JPMorgan lifts interest income forecast after profit beats estimates

JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking busine...

Business

Some airports refuse to display Kristi Noem TSA government shutdown video

Some major airports across the U.S. are refusing to play a video featuring Homeland Security Secretary Kristi Noem blaming Democrats for the governmen...

Business

JPMorgan's Jamie Dimon: World needs America to be strong as firm pledges strategic investment

JPMorgan Chase CEO Jamie Dimon on Monday announced the firm is moving forward with a $1.5 trillion plan to invest in industries critical to national s...

Business

Nvidia CEO expresses gratitude in letter as Israeli employee is freed from Hamas captivity

Nvidia CEO Jensen Huang sent a letter to the chip giant's staff on Monday expressing gratitude for the release of Avinatan Or, an Israeli employee of...

Business

China blasts new US trade curbs, as Treasury secretary notes talks back on track

In its sharpest response yet to recent U.S. trade actions, China said on Monday it "firmly rejects" Washington’s new restrictions and urged the Trump...