GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions
2023-11-30 23:19
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
2023-11-30 22:50
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
2023-11-30 22:27
Anthony Fauci to Testify for House Committee Investigating Origins of Covid
Anthony Fauci will testify in Congress both privately and in public early next year, the Republican chairman of
2023-11-30 21:57
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth
2023-11-30 21:52
Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
2023-11-30 21:52
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
2023-11-30 21:18
Ford says autoworkers strike cut sales by 100,000 vehicles and cost company $1.7 billion in profits
Ford Motor Co. says a six-week strike by the United Auto Workers union cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year
2023-11-30 20:24
Pope says he has acute bronchitis, doctors recommended against travel to avoid change in temperature
Pope Francis says he is suffering from acute and infectious bronchitis
2023-11-30 20:15
Inflation in Europe falls to 2.4%. It shows interest rates are packing a punch
Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years
2023-11-30 18:21
Stock market today: Asian shares mostly higher ahead of US price update, OPEC+ meeting
Asian shares are mostly higher ahead of the release of U.S. consumer inflation data
2023-11-30 15:56
China’s Farmers Forced to Let Vegetables Rot as Demand Wanes
Chinese farmers in some provinces are being forced to let fresh vegetables rot in their fields due to
2023-11-30 15:54