General Motors announced Tuesday that it plans to invest $4 billion into three U.S. assembly plants, part of a broader move that includes relocating or expanding production of two vehicles currently built in Mexico. This announcement comes amid stalled trade negotiations between the Trump administration and Mexican officials. Earlier in the year, President Donald Trump…
Author: Ryker
China’s EV Price War Sparks Industry Turmoil and Fears of an ‘Evergrande-like’ Collapse
At a used car market in Beijing, salesman Ma Hui expressed concern that China’s electric vehicle (EV) industry is caught in a destructive race to the bottom. He pointed out that EV manufacturers, led by BYD—the country’s market leader—have been locked in an intense price war that has not only squeezed the margins of automakers…
Fund Managers Sound Alarm as Trump Tax Bill Threatens Foreign Investment in U.S. Markets
American fund managers are lobbying Congress over a provision in President Donald Trump’s tax bill that could discourage foreign investment in U.S. stock markets. The “One Big Beautiful Bill Act,” passed by the House and under Senate review, includes Section 899 — a measure designed to penalize foreign-owned firms from countries that impose what the…
Zuckerberg Forms Elite Team to Revamp Meta’s Struggling AGI Effort Amid Rival Pressure
Mark Zuckerberg, CEO of Meta Platforms, is reportedly assembling a specialized team aimed at developing artificial general intelligence (AGI) technology that can equal or surpass human cognitive abilities. According to Bloomberg News, this initiative aligns with Meta’s growing ambition to dominate the AI space, positioning itself alongside rivals like OpenAI. This move highlights the increasing…
Morgan Stanley Sees Resilient Market Ahead Despite Tariff Fears and Slowing Earnings
Despite widespread anxiety around tariffs and noisy headlines predicting a slowdown, Morgan Stanley believes the stock market is showing underlying resilience. According to their equity strategy team, led by Michael Wilson, the market has already priced in much of the anticipated economic drag from the ongoing trade war. While macroeconomic data and corporate earnings may…
Starlink Rollout Hits Snag on United Jets as Antenna Fixes Begin
United Airlines’ plans to equip its entire regional fleet with SpaceX’s Starlink satellite internet service have hit a temporary snag. The airline began offering Starlink Wi-Fi through a free-with-ads model earlier in May, joining a small group of carriers that include Hawaiian Airlines and JSX in delivering this high-speed broadband experience. The new service was…
TSA Reminds Travelers Costco Cards Won’t Get You Through Airport Security
Costco memberships offer a range of benefits, from access to wholesale prices to exclusive services, but using them for airport security isn’t one of them. Recently, the Transportation Security Administration (TSA) addressed a growing misconception that Costco membership cards could be used as official identification at airport checkpoints. In a humorous post on X (formerly…
EchoStar Stock Soars 17% Amid Missed Payment and FCC Pressure as Investors Bet on Strategic Delay
EchoStar Corporation (NASDAQ: SATS) experienced a significant rally on Thursday, with its stock price jumping 17.47% to close at $19.03. This marks the second consecutive day of gains for the company, positioning it as the second-best-performing stock on Thursday. The surge is attributed to bargain-hunting behavior among investors and developments surrounding EchoStar’s ongoing issues with…
Broadcom Tops Q2 Estimates as AI Demand and VMware Boost Propel Profit and Revenue Surge
Broadcom exceeded Wall Street expectations in its second-quarter earnings report, posting adjusted earnings per share of $1.58, slightly above the anticipated $1.56. Revenue came in at $15 billion, narrowly surpassing the forecasted $14.99 billion. The chipmaker also provided an optimistic outlook for the third quarter, projecting revenue of $15.8 billion, compared to the $15.7 billion…
P&G to Cut 7,000 Jobs and Raise Prices as Tariff Pressures Reshape Strategy
Procter & Gamble (P&G) announced a major restructuring plan that will reduce its workforce by about 7,000 jobs, or roughly 6%, over the next two years. This move aims to streamline operations as the company exits certain product categories in select markets. The initiative is part of P&G’s strategy to adapt to an increasingly challenging…