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GM Lays Off 1,000 Workers Amid Cost-Cutting and Strategic Shift …
5 hours ago · General Motors (GM) announced on Friday that it has laid off roughly 1,000 employees as part of an effort to reduce costs and adapt to evolving market dynamics. According to a source familiar with the matter, the decision to implement the job cuts was driven by a need to streamline operations, enhance efficiency, and shift priorities within the organization amid fluctuating economic and market ...
China’s Retail Sales Surge Amid Economic Stimulus While Real …
6 hours ago · China's economy delivered mixed signals in October, with retail sales outpacing forecasts while the nation's beleaguered property sector continued to decline, underscoring the delicate balancing act facing policymakers as they navigate a challenging economic landscape.
Iran Backs Lebanon in Ceasefire Talks as Israel Escalates Strikes
4 hours ago · Lebanon's caretaker Prime Minister Najib Mikati has appealed to Iran for assistance in securing a ceasefire in the escalating conflict between Israel and Hezbollah. This request, made during a meeting with Ali Larijani, a senior adviser to Iran's Supreme Leader Ali Khamenei, highlights the urgent efforts to prevent further deterioration of hostilities along the Israel-Lebanon border. Larijani ...
'Stubborn' King Charles, Queen Camilla Divorce Is Likely As 'Cancer ...
Sep 7, 2024 · “Charles waited 70 years to take the throne and while he knows he can’t rival his mother, the late Queen Elizabeth, in longevity and popularity, he’s going to try until the end.
US Wholesale Prices Show Moderate Rise as Markets Eye Fed's …
1 day ago · Wholesale prices in the United States ticked higher in October, with the producer price index (PPI) rising 0.2% from the previous month, aligning with market expectations, according to the Bureau of Labor Statistics' latest report released on Thursday. The uptick, which follows a 0.1% increase in September, highlights the ongoing but moderating inflationary pressures within the American ...
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
Oct 23, 2024 · The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
GM Reports Strong Q3 Earnings, Raises Profit Forecast for Third …
Oct 23, 2024 · General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44. ...
US Treasury Yields Surge Past 4% as Fed Rate Cut Hopes Fade
Oct 8, 2024 · U.S. Treasury yields climbed back above 4% on Monday, marking their highest levels since August, as investors reassessed their expectations for future interest rate cuts from the Federal Reserve. The move followed a stronger-than-expected U.S. jobs report, which undercut hopes for a significant reduction in rates by the central bank. The 10-year Treasury yield jumped to 4.03%, while the two ...
Boeing Union Strike Nears End with Sweetened Contract Offering …
Nov 1, 2024 · In a bid to end a nearly seven-week strike that has halted most of its aircraft production, Boeing has presented an enhanced contract proposal to its more than 32,000 striking machinists. This proposal, which includes a 38% wage increase over four years and an option for a $12,000 signing bonus, will go to a vote on Monday, potentially marking the end of the standoff between Boeing and its ...