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GM's tariff turnaround is "staggering": Analyst
Yahoo Finance· 2025-10-21 23:30
You go back to the late 70s, early 80s with some of the gas shocks. It took GM over a decade to adjust its product lineup. You look at the events that took place this year between changing the EV incentive and the tariffs.They've adjusted it in 6 months. That's a staggering change from the GM culture of the past. When they first came out and they said the tariff hit would be roughly $4 to5 billion for 9 months this year.You know, everybody stepped back and they said they'd be able to mitigate about 30% of i ...
X @Bloomberg
Bloomberg· 2025-10-21 23:14
Risks to the Irish economy from US policy changes including tariffs have lowered since the beginning of 2025, according to Goodbody stockbrokers https://t.co/VHaeEpdioL ...
X @The Wall Street Journal
Exclusive: The Trump administration is planning to release more than $3 billion in aid to U.S. farmers that had been frozen as a result of the government shutdown, as the agriculture sector grapples with the fallout from President Trump’s tariffs https://t.co/SSYbckO6tq ...
X @Cointelegraph
Cointelegraph· 2025-10-21 21:45
🇺🇸 TRUMP: "New tariffs on China will rise to 155% effective November 1." https://t.co/fcY01Ll07r ...
X @Watcher.Guru
Watcher.Guru· 2025-10-21 21:21
JUST IN: 🇺🇸🇨🇳 President Trump says "higher tariffs on China won't be sustainable for them." ...
S&P 500 Gains & Losses Today: GM Stock Speeds Higher; Newmont Sinks as Gold Retreats
Investopedia· 2025-10-21 21:10
Core Insights - General Motors (GM) shares surged 15% following better-than-expected third-quarter sales and adjusted profit, marking the best performance in the S&P 500 [3][8] - The automotive giant reduced its forecast on tariff costs, indicating a quicker adjustment to tariffs than anticipated by analysts [3] - GM announced a $1.6 billion loss related to a reevaluation of its electric vehicle strategy due to regulatory changes [3] Company Performance - Halliburton (HAL) exceeded third-quarter revenue and adjusted earnings per share estimates, with shares rising approximately 12% [4] - Warner Bros. Discovery (WBD) shares increased by 11% after announcing a strategic review amid interest from potential buyers [5] - Philip Morris International (PM) reported third-quarter revenue and adjusted EPS above forecasts, yet shares fell 3.8% due to high investment levels [9] - Quest Diagnostics (DGX) shares declined 3.1% despite beating revenue and adjusted EPS forecasts, as the company lowered its full-year guidance for reported EPS [10] Market Trends - Major U.S. equities indexes ended the day mixed, with the S&P 500 little changed, the Dow rising 0.5%, and the Nasdaq retreating 0.2% [2] - Gold prices fell over 5%, impacting shares of Newmont (NEM), which dropped more than 9%, the largest decline among S&P 500 stocks [6][8]
X @Bloomberg
Bloomberg· 2025-10-21 19:56
Manufacturing executives say the Canadian government should take inspiration from Donald Trump’s tax cuts to help businesses remain competitive as they face cost pressures and uncertainty from US tariffs https://t.co/1Mds3uiixF ...
GM stock surges on earnings, CFO discusses tariff concerns and EV demand
Yahoo Finance· 2025-10-21 19:25
Guys, I want to start with General Motors because it is a big move for GM. Last I checked, they were up something like 11%. >> Ally, let's start with you.>> Stock is up stock is up well over 10% at this point in pre-market trading, Julie. And this comes despite a mixed earnings picture, but a big boost to fullear guidance along with more optimistic rhetoric around the tariff picture. So, uh earnings uh came in ahead of estimates whereas revenue slightly missed.But if we take a look at the fullear guidance, ...
X @Wendy O
Wendy O· 2025-10-21 18:11
So basically, tax-paying Americans will still be paying off the public servants' debt because the tariffs are passed down to the consumer?Watcher.Guru (@WatcherGuru):JUST IN: 🇺🇸 President Trump says tariffs can be used to pay US debt. ...
Trump Says Maybe Meeting Won't Happen With Xi
Bloomberg Television· 2025-10-21 17:49
I took in hundreds of billions of dollars from China. I put the full tariffs on China. Biden left the tariffs because he couldn't.It was too much money. But they gave so many exceptions that they were essentially meaningless. In other words, he the tariffs.But you don't have to pay. If you look at somebody the wrong way. You don't have to pay.So they didn't pay very much. But with me, they were paying hundreds of billions of dollars. And again, I have a great relationship with President Xi.I expect to be ab ...