Financial News

General Motors shares sink as the company announced IT layoffs. But the announcement may actually prove bullish for GM stock in the long run.

Ford Motor is starting up a new business that Tesla pioneered: Energy Storage. Monday, Ford introduced “Ford Energy,” which will deliver “United States-assembled battery energy storage systems for utilities, data centers, and large industrial and commercial customers in the United States.” Tesla has a large energy storage business.

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR

"Big Three Retiree" offers a free book and audiobook, planning guides, and pension/buyout education for Detroit autoworkers facing accelerating workforce changes DETROIT, MI / ACCESS Newswire / May 11, 2026 / As General Motors announces its latest ...

The 'Fast Money' traders talk cracks in the consumer discretionary trade.

(Bloomberg) -- General Motors Co. plans to cut hundreds of salaried workers from its information technology ranks in an effort to trim costs and clear the way to bring in staff with skills in other technology areas. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksChina Confirms

Ford looks cheap with a 0.28 forward sales multiple, strong Q1 beat, higher guidance, and tariff relief- but challenges remain.

General Motors (GM) is confident in its 2026 guidance despite an elevated risk profile due to the Mi

Authorities alleged that between 2016 and 2024, GM gathered driver and vehicle-related data from hundreds of thousands of OnStar subscribers.

Shareholders appeared unconcerned with General Motors Company's ( NYSE:GM ) lackluster earnings report last week. We...

General Motors plans to cut afew hundred jobs from its information technology division,Bloomberg News reported on Monday. The move will affect about 500 to 600 employees, accordingto...

General Motors is laying off hundreds of salaried employees in its information technology operations.

May 11 - GM to cut hundreds of white collar workers in push to trim costs - Bloomberg News The reductions will affect about 500 to 600 employees in GM - Bloomberg News...

https://www.bloomberg.com/news/articles/2026-05-11/gm-to-cut-hundreds-of-white-collar-workers-in-push-to-trim-costs

Trump invited Tesla's Elon Musk, Apple's Tim Cook and Blackrock's Larry Fink to join his China trip for talks with Xi Jinping on trade, AI and geopolitics.

The United States Autonomous Vehicles Market, projected to surge from USD 28.63 billion in 2025 to USD 103.19 billion by 2034, is set for growth driven by technological advancements in AI, connectivity, and sensors. This market explores the potential for enhanced road safety and transport efficiency through applications like ride-sharing and logistics. Industry collaboration fuels innovation, illustrated by key projects from Minus Zero and partnerships like General Motors and NVIDIA. Challenges

The settlement, the largest CCPA penalty in California history, includes a 5-year ban on selling driver data to data brokers

Wedbush analyst Dan Ives reiterates General Motors (NYSE:GM) with a Outperform and maintains $95 price target.

Tesla's vertical integration and data flywheel create a deep moat that is currently underpriced by the market. Read the full analysis for more details.

President Donald Trump criticized Supreme Court justices over a tariff ruling that could trigger $159 billion in refunds.

Investing.com -- The U.S. Court of International Trade (CIT) has ruled that President Trump’s 10% universal tariff, imposed under Section 122 of the Trade Act of 1974, is unlawful.

General Motors agreed to pay $12.75 million after California regulators said the company illegally sold OnStar driver data.

General Motors has reached a privacy-related settlement with a group of law enforcement agencies led by California Attorney General Rob Bonta.

If you are trying to figure out whether General Motors stock is attractively priced or starting to look stretched, the recent share moves and current valuation metrics give you a lot to work with. The stock recently closed at US$78.41, with returns of 2.0% over 7 days, 7.8% over 30 days, a 3.2% decline year to date, 67.3% over 1 year and 144.3% over 3 years. This gives you several different entry points to think about. Recent market attention has been driven by ongoing updates around General...

The filmmaker on his new documentary, ‘The American Revolution,’ and why he steers clear of HBO and Netflix.

https://da.lacounty.gov/media/news/general-motors-pay-1275m-settle-california-consumer-protection-lawsuit-alleging-data#:~:text=LOS%20ANGELES%20%E2%80%94%20General%20Motors%2C%20LLC,California's%20privacy%2C%20false%20ad

General Motors has agreed to pay $12.75 million to resolve a California investigation into allegations the Detroit automaker illegally sold hundreds of thousands of locations and driving data of...

F targets steadier profits by growing software and services revenues, with parts and remote repairs helping offset vehicle sales swings.

The US economy grew by 115,000 non-farm payroll jobs in April, according to the Bureau of Labor Statistics' (BLS) latest report, above economists' forecasts of 65,000. The national unemployment rate held steady at 4.3%. Acting US Secretary of Labor Keith E. Sonderling sits down with Yahoo Finance Senior Reporter Jennifer Schonberger to talk about the fresh labor data, citing "resiliency" in job growth amid domestic investments in the US from major companies. Sonderling took on the mantle of Acting Secretary of Labor after Lori Chavez-DeRemer resigned from the Trump Cabinet position on April 20.

F posts stronger Q1 EBIT but keeps 2026 cash flow guidance unchanged amid tariff uncertainty and seasonal working capital pressures.