GM shares soar after record profit and new stake in lithium company

GM shares soar after record profit and new stake in lithium company

New York CNN — General Motors reported much stronger-than-expected earnings in the fourth quarter, pushing its full-year results to record levels for the second year in a row. The largest U.S. automaker also said on Tuesday it is buying a $650 million equity stake in Lithium Americas, giving it access to the raw material needed … Read more

IMF: Global economic outlook slightly ‘less gloomy’ than expected

IMF: Global economic outlook slightly ‘less gloomy’ than expected

London CNN — The global economy will weaken this year as rising interest rates and the Russian war in Ukraine continue to weigh on activity. But economists are more optimistic than they were a few months ago. The International Monetary Fund said Monday it now expects global growth to slow from 3.4% in 2022 to … Read more

Ukraine: Drone operators hidden in the forest are crucial to the battle in the east

Ukraine: Drone operators hidden in the forest are crucial to the battle in the east

Near Kreminna, Ukraine CNN — The pine forests near the city of Kreminna have become one of the hottest combat zones in the war in eastern Ukraine. Almost every weapon seems to be at work here, artillery, howitzers, tanks and mortars. But perhaps the most important is the smallest: the reconnaissance drone. Ukrainian and Russian … Read more

Mustang Mach-E: Ford lowers the price of its Tesla competitor

Mustang Mach-E: Ford lowers the price of its Tesla competitor

CNN — ford increases production of its popular Mustang Mach-E electric SUV and lowers the sticker price weeks after Tesla lowered the prices of its vehicles. The move represents a substantial rollback of the price increases Ford announced last summer for the 2023 models, but buyers may still pay a little more than they did … Read more

Charts suggest the S&P 500 is approaching a “decisive” moment, Cramer says

Charts suggest the S&P 500 is approaching a “decisive” moment, Cramer says

CNBC’s Jim Cramer said Monday that the benchmark S&P 500 could be at a critical juncture this week. “The charts, as interpreted by Mark Sebastian, suggest that we are approaching a decisive moment here. If the S&P 500 can avoid a major drop this week, it is optimistic about the future – on the other … Read more

Showtime can be combined with Paramount+, rebranded with a new name

Showtime can be combined with Paramount+, rebranded with a new name

In this photo illustration, the Paramount+ (Paramount Plus) logo is seen on a smartphone against the website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Paramount Global further joins its streaming and cable television businesses by combining its Showtime TV network and Paramount+ streaming service. The company said Monday it … Read more

Mining company in Australia sorry for the loss of a radioactive device

Mining company in Australia sorry for the loss of a radioactive device

PERTH, Australia (AP) — A mining company apologized for the loss of a highly radioactive capsule over a 900-mile stretch of Western Australia as authorities combed sections of the road for the small but dangerous substance. The capsule was part of a device that allegedly fell off a truck on Jan. 10 while being transported … Read more

Ryan Reynolds watches Wrexham play thrilling FA Cup match

Ryan Reynolds watches Wrexham play thrilling FA Cup match

CNN — As the saying goes, it’s hope that kills you as a football fan – just ask Ryan Reynolds. The Hollywood actor experienced the full spectrum of emotions on Sunday as he watched Wrexham – the club Reynolds co-owns with Rob McElhenney – draw 3-3 against Sheffield United in a thrilling FA Cup match. … Read more

Ask Ford, General Motors in focus during earnings reports

Ask Ford, General Motors in focus during earnings reports

Visitors view a Ford Mustang Mach-E GT during opening day of the 2022 New York International Auto Show (NYIAS) in New York on Friday, April 15, 2022. Jeenah Maan | Bloomberg | Getty Images DETROIT – Let’s talk about pricing power. At least, General engines and Ford engine will likely do so this week as … Read more

Adani Group beats Hindenburg ‘attack on India’ as share price hits $70 billion

Adani Group beats Hindenburg ‘attack on India’ as share price hits  billion

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the Ports-to-Power conglomerate. Hindenburg Research last week released its report on billionaire Gautam Adani’s affairs, accusing the group of “brutal stock manipulation and accounting fraud over decades.” … Read more