GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions
1970-01-01 08:00
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
1970-01-01 08:00
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
1970-01-01 08:00
China’s A-List Flock to Hong Kong for Louis Vuitton’s First Show
Some of China’s most popular celebrities and K-drama stars gathered at Louis Vuitton’s first ever fashion show in
1970-01-01 08:00
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth
1970-01-01 08:00
Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
1970-01-01 08:00
Anthony Fauci to Testify for House Committee Investigating Origins of Covid
Anthony Fauci will testify in Congress both privately and in public early next year, the Republican chairman of
1970-01-01 08:00
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
1970-01-01 08:00
Pope says he has acute bronchitis, doctors recommended against travel to avoid change in temperature
Pope Francis says he is suffering from acute and infectious bronchitis
1970-01-01 08:00
Ford says autoworkers strike cut sales by 100,000 vehicles and cost company $1.7 billion in profits
Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year
1970-01-01 08:00
US Boat Sales Rose in Covid. Now Rates Are Hurting Them
US boat sales — which soared during the pandemic — are estimated to reach a decade low this
1970-01-01 08:00
'It's not a straightforward Marvel movie': Wyatt Russell teases complex Thunderbolts plot
'Thunderbolts' actor Wyatt Russell has promised that the superhero film will be far from a "straightforward" installment of the Marvel Cinematic Universe (MCU).
1970-01-01 08:00