General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street. The automaker is also taking a proactive approach with the United States government on regulations and doling out generous profit-sharing payouts to thousands of workers.
Markets rallied last week but face premarket losses due to AI concerns. A busy week lies ahead with major earnings, economic data, and geopolitical uncertainty.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
Last month the vehicle manufacturing giant warned that the poor performance of its Chinese joint ventures would force it to write down assets.
Bonds from Japan and China are moving in opposite directions, and it may soon create an opportunity not seen in two decades. The spread or the gap between the Japanese 10-year government bond yield and China’s 10-year government bond yields is approaching zero,
Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion.
Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.
Apple shares rose over 3% in premarket trading, after the company reported better-than-expected earnings but said iPhone sales fell slightly in the December quarter. iPhone sales were down nearly 1% on the year at $69.
Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday's DeepSeek Dive.
CNN’s Matt Egan reports on a new Chinese AI model called R1, which was created by the company DeepSeek. The R1 model is causing US stocks to drop and is raising questions about US dominance in AI.
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
Buffer ETFs, also known as defined-outcome ETFs, use options contracts to limit losses while capping upside potential for the indexes they track. This type of fund has become particularly popular since 2022, when the Federal Reserve hiked interest rates to combat inflation, sending the stock market into a tailspin.