U.S. stocks were rising as Treasury yields retreated; Big tech earnings in focus

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General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk

October 25, 2023 11:12 AM EDT

California issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.

The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.

The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More

GM and Honda (HMC) cancel plans to co-develop affordable EVs

October 25, 2023 8:08 AM EDT

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More

Coca-Cola (KO) Mentioned Positively at Deutsche Bank, 'operating from a position of strength'

October 24, 2023 4:35 PM EDT

Deutsche Bank analyst Steve Powers reiterated a Hold rating and $60.00 price target on Coca-Cola (NYSE: KO).

The analyst comments "Generally consistent with our expectation this morning, KO shares were up +3% late in trading today (vs. S&P500 +1%), with investors generally pleased with (i) KO's broad-based... More