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The Senate returned to Washington on Tuesday with just a few days left to avert a partial government shutdown and an intractable impasse over funding ICE. Source link
General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards.…
GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit General Motors said on Thursday it would take a US$6 billion charge to unwind some…
The country’s automotive future doesn’t look as electric as carmakers had once hoped. But it doesn’t mean the EV industry is entirely dead. On Monday, Ford Motor Co. announced that it’s…
US stocks closed sharply lower on Tuesday as big banks warned that equity markets could be headed for a drawdown, reflecting mounting concerns over stretched valuations. All three major US…
Wall Street’s main indexes tumbled on Tuesday (Nov 4) as investors questioned lofty tech valuations after the CEOs of top Wall Street banks warned of a stock market selloff, while AI…
Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday (Nov 4) cautioned that…
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Home flipping exploded during the Pandemic Housing Boom, as surging home…
[ One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US investors in Asia led to a sharp drop in assets. The…
Barclays hired Joseph Lee from HSBC Holdings as head of high-touch equity sales trading for Asia-Pacific as the UK bank ramps up staffing after exiting the business almost a decade ago.…
Bonds in Australia and Singapore are getting a lift from rising questions about the appeal of Treasuries, as fears that a proposed US tax bill may hit foreign investors add to pressure…
PORSCHE will take an 800 million euros (S$1.1 billion) hit linked to revamping its lineup this year, further pinching the sports-car maker’s already disappointing profit margins. Expenses…
