Gm Investor Day Cruise Cash and Ev Profits Top of Mind for Wall Street

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 wipeout

Financial Times - Dec. 11

Jim Cramer analyzes Tuesday's sell-off: 'I don’t mind a day like today'

CNBC's Jim Cramer said some of the day's moves may have been triggered by Oracle, and rippled out towards Dell, Hewlett Packard Enterprise and Super Micro.

CNBC - Dec. 10

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 unit

ABC 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

Wall Street’s Most Optimistic Firm Just Shared Where It Thinks Stocks Will Go in 2025

What Oppenheimer, Goldman Sachs, JPMorgan, and other banks expect for stocks next year.

Inc. - 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 wells

Financial Times - Dec. 10

What is rage-baiting and why is it profitable?

Called rage-baiting, making people angry with social media posts can be a business.

BBC News - Dec. 10

The last major Wall Street S&P 500 forecast has arrived. Here’s what Citi expects.

Citigroup is predicting the S&P 500 will reach 6,500 for 2025, but that comes with a warning that investors face more volatility.

MarketWatch - Dec. 9

Google unveils 'mind-boggling' quantum computing chip

It solves in five minutes a problem computers now would need 10,000,000,000,000,000,000,000,000 years to work out, Google says.

BBC News - Dec. 9

Wall Street has a new high bar for the S&P 500 in 2025. Here’s what’s driving that.

Oppenheimer Asset Management’s chief investment strategist, John Stoltzfus, predicts the S&P 500 will reach 7,100 in 2025, thanks in part to a resilient economy.

MarketWatch - Dec. 9

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

Trump’s first 100 days: what are his top five priorities?

US president-elect’s aids and nominees are getting ready to swiftly implement his main campaign pledges

Financial Times - 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

GM: A's sought 'statement' with Severino deal

With the A's planning to play the next three years in West Sacramento, GM David Forst said the team "wanted to make something of a statement" in signing Luis Severino to a $67 million contract.

ESPN - Dec. 7

College football recruiting rankings 2025: Top classes emerge during National Signing Day 2024

The Longhorns secured the No. 1 spot with the commitment of five-star DL Justus Terry

CBS Sports - Dec. 6

Wall Street veteran David Rosenberg offers up apology for his stock-market pessimism

The bears are capitulating — first Morgan Stanley, then JPMorgan, and now David Rosenberg, the former Merrill Lynch strategist who runs his own firm, Rosenberg Research.

MarketWatch - Dec. 6