Gm Investor Day Cruise Cash and Ev Profits Top of Mind for Wall Street
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Remember to keep your head as ‘Trumphoria’ grips Wall Street
Naturally, peak bullishness showed up just before the recent slide.MarketWatch - 14h -
FedEx’s freight-unit spinoff offers ‘early Christmas’ to Wall Street
Stifel, TD Cowen and Susquehanna analysts praised the move and boosted their price targets for the delivery giant’s stock.MarketWatch - 1d -
Inside Wall Street’s booming $1tn ‘synthetic risk transfer’ phenomenon
The latest three-letter acronym to excite and alarm peopleFinancial Times - 2d -
GM’s Joint Effort With ChargePoint Effort Seeks to Strengthen the EV Charger Network
As Trump threatens to scale back pro-EV policies, will a new effort to install hundreds of fast charging points really improve the national recharging network?Inc. - 2d -
Investors are so confident in stocks, they have a record low allocation to the safety of cash
Bank of America's closely followed survey found fund managers set a record low share of assets in cash going back to at least 2001.CNBC - 4d -
One popular Wall Street indicator flashes stock-market sell signal
Professional investors have become “super bullish” on stocks, according to a popular Bank of America survey. That doesn’t bode well for the market’s short-term returns.MarketWatch - 4d -
Pfizer Sees 2025 Revenue in Line With Wall Street Views
Pfizer forecast 2025 revenue and earnings in line with market expectations, despite a $1 billion hit from the redesign of federal drug benefits.The Wall Street Journal - 4d -
FirstFT: Dollar set to extend Trump rally, says Wall Street
Also in today’s newsletter, Argentina emerges from recession and how US money managers are challenging European peersFinancial Times - 4d -
On Trump’s Proposals, Wall Street Investors Have Selective Hearing
Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.The New York Times - 4d -
Wall Street bets Trump will fuel further dollar gains
US president-elect unlikely to get his wish of a weaker currency, according to analysts and investorsFinancial Times - 4d -
Drone stocks are surging on Wall Street, led by Red Cat Holdings
Drone stocks rallied Monday after a flurry of sightings across the Northeast in recent days renewed attention toward the sector.CNBC - 5d -
GM’s Cruise robotaxi business is latest growth initiative to falter
For years, General Motors CEO and Chair Mary Barra has promised a new future for the company, away from a stodgy metal-bending automaker into a tech-driven, forward-thinking company poised for growth.NBC News - 6d -
From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
The driverless ride-hailing service was supposed to be the shining star of GM's growth plans, leading to $50 billion in revenue by the end of this decade.CNBC - 6d -
Top Wall Street analysts believe in the long-term prospects of these stocks
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including GitLab and MongoDB.CNBC - 6d -
One of the Oldest Corners of Wall Street Just Capped a $1 Trillion Year
Enthusiasm around bitcoin and launches from investing veterans Tom Lee, Jeremy Grantham and Rick Reider fueled an ETF boom.Inc. - Dec. 13 -
FirstFT: Trading frenzy boosts brokerages and Wall Street banks
Also in today’s newsletter, UK economic output shrinks and an ambitious plan to boost Japan’s birth rateFinancial Times - Dec. 13 -
Stock market today: Asian shares advance, tracking rally on Wall Street
BANGKOK (AP) — Shares advanced Thursday in Asia after Wall Street resumed its upward climb, as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.Yahoo Sports - Dec. 12 -
Here’s how big a hit Microsoft is taking on its investment in GM’s Cruise
Microsoft warned investors it will book an impairment charge in its fiscal second quarter related to its investment in GM’s Cruise robotaxi unit back in 2021.MarketWatch - Dec. 11 -
GM to Shut Down Its Cruise Robotaxi Project
The company said it would now focus its efforts on developing fully autonomous vehicles for personal use.The New York Times - Dec. 11 -
GM Ends Cruise Robotaxi Efforts and Steers Its Self-Driving Tech to Passenger Cars
The Detroit auto giant says it’s halting its investment in Cruise’s robotaxi project at $4.4 billion, and integrating its technology into its own vehicles’ autonomous driving features.Inc. - Dec. 11 -
GM gives up on loss-making Cruise robotaxi business
STORY: General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said ...Yahoo Sports - Dec. 11 -
China ramps up Wall Street meetings as Trump inauguration looms
Chinese Vice Premier He Lifeng has met with several U.S. finance executives as Beijing seeks to build relationships in the face of rising bilateral tensions.CNBC - Dec. 11 -
Chicken wing and Shakira-backed debt floods Wall Street
Plus, Evergrande’s liquidators go after a private jet and an $800bn asset manager prepares to sue over Credit Suisse debt wipeoutFinancial Times - Dec. 11 -
GM exits robotaxi market, will bring Cruise operations in house
General Motors will no longer fund its Cruise division's robotaxi development, effectively pulling out of the market.CNBC - Dec. 10 -
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unitABC News - Dec. 10 -
How GM’s self-driving strategy is evolving as it gives up on Cruise business
General Motors has bailed on its Cruise robotaxis, citing the amount of time and money needed to scale the business and an “increasingly competitive” market for autonomous vehicles.MarketWatch - Dec. 10 -
GM to stop funding troubled Cruise autonomous vehicle unit
General Motors says it will move away from the robotaxi business and cease funding its money-losing Cruise autonomous vehicle division that originated as a San Francisco start-up.CBS News - Dec. 10 -
DSW parent’s profit dinged as cash-strapped consumers spend less on winter footwear
Consumers continued to curb spending and warmer-than-usual weather crimped sales of winter offerings, leading to a fourth straight profit miss and third straight sales miss for Designer Brands Inc.MarketWatch - Dec. 10 -
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.The New York Times - Dec. 10 -
Wall Street’s complex debt bonanza hits fastest pace since 2007
Banks sell bonds backed by revenues from chicken wings, music catalogues and oil wellsFinancial Times - Dec. 10 -
Top Wall Street analysts tout these energy stocks for attractive dividends
TipRanks' analyst ranking service spotlights three dividend-paying stocks, including Chevron and Energy Transfer.CNBC - Dec. 8 -
Why Disney Is Plowing Cash Into a Cruise Line Expansion
The entertainment titan plans to launch seven new cruise ships by 2031, looking to overseas markets far from theme parks.The Wall Street Journal - Dec. 8 -
10 of Wall Street’s favorite dividend stocks for 2025 with yields of at least 4%
Short-term interest rates are still high enough for you to get a yield of more than 4% on a savings account. But stocks with attractive dividend yields might also be appropriate for you, depending ...MarketWatch - Dec. 7 -
Wall Street isn’t worried about a stock-market crash. That’s why you should be.
Stock traders have become even more bullish and complacent — and that’s a bearish sign.MarketWatch - Dec. 7 -
Army wins AAC in first, but 'Beat Navy' top of mind
Bryson Daily rushed for four touchdowns to tie the American Athletic Conference championship game record, and No. 24 Army completed a perfect first season in the league by beating Tulane 35-14.ESPN - Dec. 7 -
What’s next after bitcoin tops $100K? What one top Wall Street technician says.
Bitcoin’s rally above the $100,000 milestone Wednesday night has former doubters pondering how much higher it could go.MarketWatch - Dec. 6 -
Signet Jewelers’ stock drops as it faces competition from lab diamonds and misses Wall Street’s profit and sales estimates
Retailer warns its revenue may fall short of expectations in the coming quarter.MarketWatch - Dec. 5 -
Tech Stocks and AI Propel Wall Street’s Record-Setting Streak
AI is fueling the rise of tech stocks to soaring levels.Inc. - Dec. 4 -
Wall Street expects the stock rally to keep ripping through New Year’s Eve. But watch these risks.
The S&P 500 just capped off its best month in a year, and is on track to rise nearly 30% in 2024.MarketWatch - Dec. 4 -
Wall Street’s AI-powered rally risks ‘correction’, Vanguard warns
Asset manager’s chief economist Joe Davis says investors are overplaying the near-term potential of the technologyFinancial Times - Dec. 3
