General Motors takes $7 billion writedown charge due to reduced electric vehicle plans and chinese operations overhaul.
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All Post
GM takes 7 billion dollar writedown charge
by Whitney Powell · Nov 2, 2026
General Motors takes $7 billion writedown charge due to reduced electric vehicle plans and chinese operations overhaul.
Ellison to Leave Federal Custody Early
by Kimberly Hayes · Nov 1, 2026
Caroline Ellison, former Alameda CEO, is set free on January 21, 2026, after admitting wrongdoing in the FTX...
Flutterwave Buys Mono For Open Banking
by Kimberly Hayes · Oct 31, 2026
Flutterwave acquired Mono to bolster its open banking infrastructure in Africa, aiming to build a connected financial system...
Microsoft stock plunges after earnings report
by Kimberly Hayes · Oct 30, 2026
Microsoft stock plunges 10% after fiscal Q2 2026 earnings report despite revenue beat, driven by heavy AI investments.
Rental Property Returns Average 6.5% Amid Management Debate
by Kimberly Hayes · Oct 29, 2026
Rental property returns average 6.5% as investors debate management strategies, with cash-flow benchmarks and gross rent-to-price ratios guiding...
Ledger Confirms Wallets Safe After Global-e Data Incident
by Stephanie Cole · Oct 28, 2026
Ledger confirms wallets are safe after a data incident at Global-e, which occurred on January 5, 2024.
Nvidia shares jump as China clears H200 imports
by Kimberly Hayes · Oct 27, 2026
Nvidia H200 AI chips get Chinese approval, sending Nvidia shares higher as ByteDance, Alibaba and Tencent prepare to...
China Q4 Growth Slows to 4.5%
by Whitney Powell · Oct 26, 2026
China's Q4 growth slows to 4.5%, its slowest quarterly pace in three years, while annual target of 5%...
Tesla’s European sales collapse accelerates amid competition
by Stephanie Cole · Oct 25, 2026
Tesla’s European EV sales collapse in 2026 as competition intensifies, with deliveries dropping to 235,000 units—one of the...
Carney Rules Out China FTA Amid Trump Tariff Threat
by Kimberly Hayes · Oct 24, 2026
China FTA Canada: Mark Carney announces no intention to pursue a free trade deal with China, responding to...