GM recalls 825,000 trucks, SUVs over headlight issue
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Volkswagen investors return to criticizing CEO’s dual roles
December 16, 2022 2:14 PM ESTVolkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More
US opens probe into GM’s Cruise robotaxi braking, blocking traffic
December 16, 2022 12:20 PM ESTThe National Highway Traffic and Safety Association has opened a probe into General Motors (NYSE: GM) Cruise robotaxi company to investigate reports that the autonomous vehicles may brake too quickly or unexpectedly stop, potentially stranding passengers.
The agency also has multiple reports of the Cruise robotaxis without human safety drivers becoming immobilized in San Francisco traffic. The reports of immobilized vehicles came from... More
