Shares of electric-vehicle maker Lucid Group (NASDAQ: LCID) came under fire Monday in response to a U.S. Securities and Exchange Commission (SEC) probe that was issued on Dec. 3. Howard Smith: Lucid shocked investors Monday with news that it is the subject of an SEC investigation. This wouldn't be the first company that recently went public by merging with a blank-check company to come under scrutiny by the SEC.
General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM's chief financial officer, Paul Jacobson, said. While the company started 2024 strong, Chief Executive Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and salvaging Cruise, its robotaxi unit.
Despite a small dip in U.S. vehicle sales, General Motors' first-quarter net income rose more than 25% on strong deliveries of pickup trucks and other higher-profit vehicles. The Detroit automaker said that while its average sales price per vehicle was down slightly from last year at just under $50,000, pickup sales remained strong, and it's not seeing the price erosion across its lineup that other companies have experienced. GM on Tuesday said it made $2.97 billion from January through March, with revenue increasing 7.6% over the same period a year ago to just over $43 billion.
From Baby Reindeer to the adaptation of David Nicholls' bestseller One Day, these are the best British TV shows to watch now.
More money, more problems?
I-65 South closed after southern Indiana semitrailer crash leaves 2 dead, 1 injured
CSX ( NASDAQ:CSX ) First Quarter 2024 Results Key Financial Results Revenue: US$3.68b (flat on 1Q 2023). Net income...
At least five migrants, including a child, have died after their dinghy capsized in an attempt to cross the English Channel, French emergency services said on Tuesday.
Rain and thunder north ending with a nice Tuesday loading
Blue Devils pitcher Campbell Schaen had two knee operations but is back to full strength now, and her softball team is unbeaten.
The auto maker now sees an operating profit of about $13.5 billion, up from prior guidance of $13 billion and above the $12.4 billion earned last year.
In an interview with Vogue France the Canadian music icon opened up about her fame amid her battle with stiff person syndrome. "Celebrity has made me want to never give up on anything. I was born to communicate on stage, with my team, and with my voice, and with my fans. It's about sharing. I was born to do that. When I found myself on stage for the first time, in Québec, I caught the bug! What has fame taken away from me? Nothing? Because I live every day, and I move forward."
Also on our cheat sheet: Spring savings from Lego, Hanes, Cuisinart and more.
Q1 2024 Simpson Manufacturing Co Inc Earnings Call
After weeks of Russian advances, there are three areas where Ukraine could now strengthen its defences.
GE Aerospace on Tuesday raised its full-year profit forecast, citing a "solid start to the year" on strong demand for jet-engine parts and services as airlines keep their older planes in the air to tide over a shortage of new commercial aircraft. The company now expects 2024 operating profit of $6.2 billion to $6.6 billion, compared with its earlier forecast of $6 billion to $6.5 billion. Since then, Wall Street analysts have been bullish on the prospects of the aerospace business, with some citing the dominant lead of CFM International, GE's joint venture with Safran, as a supplier to Airbus' A320neo family of jets, over competing engine maker Pratt & Whitney.
The ONS estimated that full-year public sector net borrowing was £120.7 billion in 2023-24, £6.6 billion more than predicted.
Tesla faces an EV price war in China, Trump in line for $1.3 billion media group stock award, and other news to start your day.
Plus! Lifeguard on danger of Mayor Sadiq Khan’s “swimmable” river plan
The Euphoria star looked the ultimate bombshell in her double denim look, paired with a black bikini and a bright orange bag. See photos
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