Warren Buffett's Berkshire Hathaway buys 3 homebuilders in Q2

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Chevron (CVX) upgraded as Mizuho 'still constructive' on the stock

August 16, 2023 10:54 AM EDT

Mizuho analyst Nitin Kumar upgraded Chevron (NYSE: CVX) to Buy from Neutral in a note to clients on Wednesday.

The analyst said in his US oil & gas review note that the firm is still constructive on exploration and production firms within... More

GM invests $60M in EV battery startup, Mitra Chem

August 16, 2023 10:13 AM EDT

General Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.

GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More

Hyundai to purchase GM’s India plant as American OEM prepares market exit

August 16, 2023 9:26 AM EDT

Hyundai Motors is set to acquire General Motors' (NYSE: GM) Talegaon plant located in the western state of Maharashtra. This strategic step not only facilitates the departure of the U.S. automaker from the Indian market but also helps to supplement Hyundai's annual manufacturing output.

Hyundai revealed Wednesday that the automaker plans... More

UAW to hold a vote authorizing a strike as talks continue at slow pace

August 15, 2023 2:01 PM EDT

Union President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.

The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More