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GM withdraws 2023 guidance as UAW strike costs soar

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook//File Photo Acquire Licensing Rights Show more companies DETROIT, Oct 24 (Reuters) – General Motors (GM.N) on Tuesday withdrew its previous guidance for 2023 profits and near-term electric vehicle… Continue reading GM withdraws 2023 guidance as UAW strike costs soar

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Bitcoins are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights Summary Companies Bitcoin surge 10% on Monday and a further 5% in Asia trade Ether and crypto-linked stocks gain Bitcoin ETF seen spurring demand; BTC shorts squeezed SINGAPORE, Oct 24 (Reuters) – Cryptocurrencies extended gains in Asia trade on… Continue reading Untitled

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[1/2]The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Nvidia (NVDA.O) dominates the market for artificial intelligence computing chips. Now it is coming after Intel’s longtime stronghold of personal computers. Nvidia has quietly begun… Continue reading article with gallery

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AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights STOCKHOLM/BRUSSELS, Oct 23 (Reuters) – European lawmakers are yet to agree on several issues related to new artificial intelligence rules ahead of a crucial meeting on Tuesday, leaving any deal off the table… Continue reading Untitled

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UAW expands strike against Stellantis, hitting pickup truck plant

[1/2]United Auto Workers president Shawn Fain meets with striking UAW members from the General Motors Lansing Delta Plant, as they picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights WASHINGTON/DETROIT, Oct 23 – The United Auto Workers (UAW) union struck Chrysler-parent Stellantis’s largest assembly plant on Monday, hitting the… Continue reading UAW expands strike against Stellantis, hitting pickup truck plant

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The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos/File Photo Acquire Licensing Rights Oct 23 (Reuters) – U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of… Continue reading Untitled

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[1/2]U.S. Commerce Secretary Gina Raimondo takes part in a joint press conference with U.S. Secretary of State Antony Blinken and other U.S. and Mexican officials during the U.S.-Mexico High-Level Economic Dialogue at the State Department in Washington, U.S., September 29, 2023. REUTERS/Leah… Acquire Licensing Rights Read more WASHINGTON, Oct 23 (Reuters) – The U.S. Commerce Department… Continue reading article with gallery