GM has seen a jump in sales of high-margin gas-powered SUVs and trucks. General Motors Co.’s shares jumped the most since 2020 — and reached the highest levels since it emerged from bankruptcy about a decade before that — after the automaker raised its profit guidance on buoyant truck sales and a dose of tariff relief. Six months after pulling its full-year forecast over uncertainty about the Trump administration’s tariffs, GM said Tuesday it now expects to make $12 billion to $13 billion in adjusted ear ...

ToplineShares of Ferrari plummeted in European and U.S. trading on Thursday, pacing what would be the luxury automaker’s worst day yet in both markets after unveiling updated guidance for earnings that fell well below analyst expectations. The luxury automaker also scaled back expectations for its new electric vehicle business. Getty ImagesKey FactsFerrari’s shares fell more than 13% to around $414 on the New York Stock Exchange as of around 11:40 a.m. EDT, marking what would be the largest single-day decli ...