California DMV probes GM's Cruise robotaxi following crash

General Motors (GM) to halt production in Fort Wayne due to supply shortage

August 23, 2023 2:14 PM EDT

Officials from General Motors (NYSE: GM) revealed their decision to shut down the Fort Wayne Assembly Plant next week as the automaker grapples with supply issues.

GM spokesperson Jeffrey Benzing confirmed the pause will take place the week of August 28 due to a temporary part shortage.

The Fort Wayne plant is no... More

Texas EV owners prepare as additional fees kick in Sep. 1st

August 22, 2023 2:30 PM EDT

Texas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.

Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

August 21, 2023 3:11 PM EDT

Anderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.

The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More

YouTube (GOOGL): AI is here, and we will embrace it responsibly together with our music partners

August 21, 2023 9:08 AM EDT

YouTube (NASDAQ: GOOGL) announced:

AI is here, and we will embrace it responsibly together with our music partners.

Today, AI is moving at a pace faster than ever before. Its empowering creativity, sparking new ideas, and even transforming industries. At this critical inflection point, its clear that we need to boldly embrace this technology with a continued commitment... More

Futures rise with Jackson Hole ahead, Zoom to report - what's moving markets

August 21, 2023 7:08 AM EDT

Investing.com -- Stock futures inch into the green, hinting at an early rebound for equities following a losing week on Wall Street. Video conferencing group Zoom is due to report its latest quarterly earnings on Monday, while semiconductor giant Nvidia is on deck to unveil results on Wednesday. Elsewhere, China rolls out a new lending rate cut, but policymakers still face calls to do more to support the country's sputtering economic recovery.

1. Futures point higher

U.S. stock futures edged up on Monday, with the major indices on Wall Street coming... More

Active options: FTCH GOOGL NKLA PLTR JNJ BABA MPW NIO GOOG CSCO MARA

August 21, 2023 4:50 AM EDT

Active options: FTCH GOOGL NKLA PLTR JNJ BABA MPW NIO GOOG CSCO MARA

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Active options: GOOGL NKLA PLTR JNJ BABA MPW NIO GOOG CSCO MARA

August 18, 2023 1:52 PM EDT

Active options: GOOGL NKLA PLTR JNJ BABA MPW NIO GOOG CSCO MARA

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VinFast slumps for third straight day after eye-popping market debut

August 18, 2023 11:22 AM EDT

Investing.com -- VinFast Auto (NASDAQ: VFS) shares tumbled for a third straight session in early U.S. trading on Friday, representing another step down from an eye-popping surge in the Vietnamese electric vehicle maker's stock after its debut on the Nasdaq on Tuesday.

By 10:41 ET (14:41 GMT), shares in VinFast had fallen by 22.15% to $15.57.

At one point this week, VinFast had... More

Active options: MSFT GOOGL PLTR BABA MU NIO GOOG WMT MARA PYPL COIN JD RIOT

August 18, 2023 9:55 AM EDT

Active options: MSFT GOOGL PLTR BABA MU NIO GOOG WMT MARA PYPL COIN JD RIOT

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General Motors (GM) option implied volatility flat

August 17, 2023 1:29 PM EDT

General Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

... More

UAW leader says Detroit Three automakers 'still not serious' in contract talks

August 17, 2023 1:08 PM EDT

By Joseph White

DETROIT (Reuters) -United Auto Workers President Shawn Fain told Reuters the Detroit Three automakers are "still not serious" in their responses so far to the union's economic proposals, and said Sept. 14 is a firm deadline for all three companies to conclude new contracts.

"Things have been moving slow," Fain said in an interview. He did not rule out strikes at General Motors, Ford and Stellantis North America if the deadline is missed.

"Everyone's deadline is the same," Fain said. "It's imperative all three companies come to the table."

Fain has outlined an... More

Stellantis (STLA) invests in direct lithium extraction project

August 17, 2023 9:08 AM EDT

Stellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.

Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More

Microsoft (MSFT) Struggles to Gain on Google (GOOGL) Despite Its Head Start in AI Search - WSJ

August 17, 2023 8:04 AM EDT

Microsoft (NASDAQ: MSFT) Struggles to Gain on Google (NASDAQ: GOOGL) Despite Its Head Start in AI Search - WSJ

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Alphabet's Verily plans cost cuts amid pressure on Other Bets unit - WSJ

August 17, 2023 12:45 AM EDT

(Reuters) - Alphabet's health science unit is planning additional expense cuts after losing more money than expected so far this year, the Wall Street Journal reported on Wednesday, citing an internal presentation.

Verily Life Sciences posted wider-than-expected operating losses through June, missing its projections by $17 million, the report said. Last year, operating losses totaled... More