Latest in From growth to gone: GM’s Cruise robotaxi business is latest growth initiative to falter
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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 - 6h -
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 - 10h -
Apple Plans Thinner, Foldable iPhones to Revive Growth
The iPhone business, which accounts for around half of Apple’s overall revenue, is in a sales slump following years of mostly incremental upgrades to its devices.The Wall Street Journal - 13h -
Labour’s push for growth hit by latest fall in UK output
Weaker business and consumer confidence contribute to lacklustre economyFinancial Times - 2d -
Top Growth Companies With Insider Ownership In December 2024
In a week marked by record highs for major U.S. stock indexes, growth stocks have notably outperformed their value counterparts, driven by strong performances in sectors like consumer discretionary ...Yahoo Sports - 3d -
Exploring High Growth Tech Stocks with Potential for Expansion
In recent weeks, global markets have shown a mixed performance, with major U.S. indices like the S&P 500 and Nasdaq Composite reaching record highs while the Russell 2000 Index experienced a ...Yahoo Sports - 3d -
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 - 4d -
Microsoft to Incur $800 Million Charge Tied to Cruise Robotaxi
Microsoft said it will record an $800 million impairment charge tied to its minority investment in General Motors’ now-scrapped Cruise robotaxi program.The Wall Street Journal - 4d -
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 - 4d -
GM shuts down robotaxi project to focus on autonomous vehicles
General Motors (GM) said Tuesday that it will no longer fund the development of robotaxis and instead focus on creating fully autonomous personal vehicles. Cruise, GM’s self-driving car ...The Hill - 4d -
Price growth ticked up in November as inflation progress stalls
Price growth sped up a bit in November, a sign that efforts to cool inflation may be stalling.NBC News - 4d -
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. - 4d -
TUI Shares Slip on Slower Growth Expectations
The travel operator guided for a lower rate of growth in the current fiscal year, despite posting a jump in profit for fiscal 2024 on strong demand.The Wall Street Journal - 4d -
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 - 4d -
General Motors pulls plug on robotaxi business
After the announcement, the project's co-founder posted on social media "GM are a bunch of dummies."BBC News - 4d -
General Motors Scraps Cruise Robotaxi Program
Carmaker cites competition, time and costs needed to scale the business.The Wall Street Journal - 4d -
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 - 5d -
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 - 5d -
General Motors Cuts Funding to Cruise, Nixing Its Robotaxi Plan
The automaker has sunk billions into making a self-driving car service work. Now it says it will focus on “personal” autonomous vehicles instead.Wired - 5d -
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 - 5d -
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 - 5d -
Reckoning with an era of slow growth
Opportunities exist for the UK and its European neighbours, but they must grasp the nettle of economic reformFinancial Times - 5d -
Allianz Targets Faster Earnings Growth, Boosts Returns
Europe’s largest insurer expects earnings growth to accelerate in the next three years driven by its property and casualty division and promised to return three quarters of its net profit to ...The Wall Street Journal - 5d -
Xi says China will remain world’s ‘growth engine’
Stocks rise after Beijing signals more measures to boost economyFinancial Times - 5d -
Travel is finally back — and an era of huge growth is upon us
U.N. Tourism says international arrivals will fully recover this month, marking an end to years of recovery efforts stemming from the Covid-19 pandemic.CNBC - 5d -
The Power of Experience for Business Growth
Bring together customer, employee and user experience for long-term business growth.Inc. - 6d -
AI's growth is just getting started, BlackRock's thematic ETF head says
BlackRock's Jay Jacobs expects infrastructure and cybersecurity plays to shine in 2025. He cites the artificial intelligence boom as a major catalyst.CNBC - Dec. 7 -
Live Updates: U.S. Job Growth Rebounds
The labor market added 227,000 jobs, a big rebound from October, when storms in the Southeast and a major strike disrupted work. The unemployment rate ticked up slightly to 4.2 percent.The New York Times - Dec. 6 -
Job Growth Bounced Back in November
After October’s noisy jobs report, November’s reading got a boost from strike resolutions and hurricane recoveries.Inc. - Dec. 6 -
Lululemon stock jumps as international growth helps to offset slowing U.S. sales
Lululemon has been in a bit of a rough spot after the departure of its longtime Chief Product Officer Sun Choe.CNBC - Dec. 6 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
Toronto-Dominion Bank Suspends Growth Targets as It Reviews Business
Toronto-Dominion Bank said it suspended financial-growth targets as it reviews its business options, weeks after settling U.S. charges it failed to properly monitor money laundering.The Wall Street Journal - Dec. 5 -
MLS Commissioner Don Garber talks Apple subscribers, Messi and growth of soccer
MLS Commissioner Don Garber said Apple subscriptions are exceeding expectations.CNBC - Dec. 5 -
Safran Outlines Growth, Shareholder Return Plans
Safran anticipates further sales and profit growth next year and said it intends to return about 70% of its cash generation to shareholders from 2025 to 2028.The Wall Street Journal - Dec. 5 -
Starmer refuses to repeat Labour’s G7 growth pledge
Prime minister will set new target on Thursday, as he courts investment during Qatari visit to BritainFinancial Times - Dec. 4 -
France's political chaos casts long shadow over economic growth
"At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow," ING analysts said.CNBC - Dec. 4 -
Weak Australian economic growth hits dollar
Public spending offsets subdued consumer demand in ‘two-speed’ economyFinancial Times - Dec. 4 -
How Amazon Aims to Feed Whole Foods’ Growth With Mini City Stores
Whole Foods is expanding its small format Daily Shop locations to offer fresh produce, groceries, and prepared meals for residents in metropolitan neighborhoods.Inc. - Dec. 3 -
Tensions Rise Among Russia’s Elite as Economic Growth Slows
The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war effort.The New York Times - Dec. 2 -
LPGA commissioner Mollie Marcoux Samaan to step down from role after leading tour's significant growth
Marcoux Samaan served as the league's ninth commissionerCBS Sports - Dec. 2
