Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls

Go back to Adobe, Darden Restaurants, Meta Platforms rise premarket; General Motors falls

Volkswagen investors return to criticizing CEO’s dual roles

December 16, 2022 2:14 PM EST

Volkswagen 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

Amazon (AMZN) falls as bull cuts AWS numbers

December 16, 2022 12:27 PM EST

Amazon (NASDAQ: AMZN) shares fell 1.5% Friday, modestly underperforming today's market swoon, following a number cut by bullish analyst Doug Anmuth from JP Morgan.

Anmuth, who continues to rate shares at Overweight, trimmed 2023 estimates due to AWS softness and lowered his price target to $130 from $145 - suggesting 47% upside to... More

US opens probe into GM’s Cruise robotaxi braking, blocking traffic

December 16, 2022 12:20 PM EST

The 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