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U.S. auto sales are expected to slow during the second half of 2024
CNBC· 2024-06-25 17:36
Cars sit on a Chevrolet dealership's lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada.DETROIT – U.S. auto sales through the first half of the year are expected to be up by 2.9% compared to a year ago, but there are concerns that the auto industry may not be able to continue the momentum during the last six months of the ...
GM Defense Provides Battery Electric Technology for Future Military Platforms
Prnewswire· 2024-06-25 12:30
WASHINGTON, June 25, 2024 /PRNewswire/ -- GM Defense, a subsidiary of General Motors, is providing commercial battery electric technology in support of the University of Texas at Arlington (UTA) Pulsed Power and Energy Laboratory (PPEL) and Naval Surface Warfare Center Philadelphia Division (NSWCPD). The project, Evaluation of Electric Vehicle Batteries to Enable Directed Energy (EEVBEDE), is funded by the Operational Energy Innovation office of the U.S. Department of Defense (DoD), through its Operational ...
Why the Market Dipped But General Motors (GM) Gained Today
ZACKS· 2024-06-24 22:50
The latest trading session saw General Motors (GM) ending at $48.11, denoting a +0.82% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw a decrease of 1.09%.Shares of the an automotive manufacturer have appreciated by 8.18% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 4.91% and the S&P 500's gain of 2.73%.The upcoming earni ...
Solaris Announces Results of Annual General Meeting of Shareholders
GlobeNewswire News Room· 2024-06-24 20:30
VANCOUVER, British Columbia, June 24, 2024 (GLOBE NEWSWIRE) -- Solaris Resources Inc. (TSX: SLS; NYSE: SLSR) (“Solaris” or the “Company”) announces that all matters presented for approval at Solaris’ annual meeting of shareholders held today, as more particularly set out in the Company’s Management Information Circular dated May 9, 2024, have been approved. These matters included: Electing each of the Company’s six nominees as directors of the Company; andRe-appointing KPMG LLP, Chartered Professional Accou ...
General Motors' (GM) Cruise to Pay $112K to Restart Operation
ZACKS· 2024-06-24 14:46
General Motors’ (GM) self-driving car subsidiary, Cruise, agreed to pay a $112,500 fine for failing to fully disclose details about an accident involving one of its robotaxis last year. This settlement allows Cruise to avoid litigation and resume operations in California.Cruise and other self-driving vehicle companies like Alphabet Inc.'s (GOOG) Waymo and Amazon's Zoox have faced intense scrutiny from regulators due to safety concerns following multiple crashes involving their vehicles.Per the regulator, Cr ...
Brokers Suggest Investing in General Motors (GM): Read This Before Placing a Bet
ZACKS· 2024-06-24 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about General Motors (GM) .General Motors currently has an average brokerage rec ...
General Mills FY Earnings: A Good Investment (But Not For Everyone)
Seeking Alpha· 2024-06-23 20:40
JHVEPhoto Investing In General Mills General Mills (NYSE:GIS) shares are usually found in income-seeking investors. After all, 124 years of uninterrupted dividends combined with a 9% CAGR in shareholder returns over the past three decades are two outstanding achievements that won't go unnoticed by several cohorts of investors. I am initiating my coverage of General Mills as it approaches its Q4 and FY 2024 report. This seems to be an opportune time to share my research on the company and explain why i ...
Flash News: OKX Wallet Now Integrated with GM Launchpad
GlobeNewswire News Room· 2024-06-22 13:52
SINGAPORE, June 22, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for June 22, 2024. OKX Wallet Now Integrated with GM LaunchpadOKX Wallet is now integrated with GM Launchpad, an innovative platform developed by GM Network, the first consumer AIoT network. With this integration, the OKX Web3 community can access GM Launchpad AI via web extension. GM Network bridges the gap between the real and virtual worlds, leveraging AI and Web3 technologies. It generates real-world ...
B2Gold Announces Voting Results from its 2024 Annual General and Special Meeting
GlobeNewswire News Room· 2024-06-22 00:00
VANCOUVER, British Columbia, June 21, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the voting results from its Annual General and Special Meeting of Shareholders (the “Meeting”) held on Thursday, June 20, 2024. A total of 845,972,994 common shares were voted at the Meeting, representing 64.75% of the votes attached to all outstanding common shares. Shareholders voted overwhelmingly in favour of all items of business before ...
GE Vernova (GEV) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-06-21 23:05
The latest trading session saw GE Vernova (GEV) ending at $175.73, denoting a -0.82% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, lost 0.18%.The the stock of the energy business spun off from General Electric has risen by 9.59% in the past month, leading the Oils-Energy sector's loss of 3.96% and the S&P 500's gain of 3.15%.The upcoming earnings release of GE Vernova will be of great interest ...