37.98 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||37.98 x 3100|
|Ask||38.06 x 2900|
|Day's Range||37.62 - 38.29|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||6.87|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.52 (3.99%)|
|1y Target Est||47.14|
Gaming and Social Media: Facebook, Snapchat, Twitter, and EA(Continued from Prior Part)Lyft is reportedly seeking to raise $2 billion through its IPOLyft may debut in public markets as early as next week, according to The Wall Street Journal. The
As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. GM is not talking about its plans for that investment, and investors polled by Reuters, owning a collective 35.7 million shares, do not have a consensus view. "Unless GM can leverage its investment in Lyft to accelerate its own robo-taxi ambitions with Cruise, we believe it would be appropriate to cash out its stake to repurchase its own under-valued shares," said Michael Razewski, a partner with Douglas C. Lane & Associates, which owned about 2.6 million GM shares at the end of 2018.
Does Trump’s America Have Space for 'Great' Companies?President Donald Trump Over the last couple of days, President Donald Trump has severely criticized the largest US automaker, General Motors (GM). In a series of tweets, Trump asked GM to either
U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the labor union's relations with Fiat Chrysler (FCA) of misusing funds for lavish purchases for himself and other union officials. Norwood Jewell, who headed the UAW's FCA department from 2014 until his retirement in January 2018, was charged with conspiracy to violate labor laws and accepting improper payments in a criminal information - often a precursor to a plea agreement. Jewell is the highest-ranking former UAW official charged so far in a wide-ranging investigation into illegal payoffs to UAW officials.
Will GM Listen to President Trump and ‘Do Something Quickly'?The US auto industry For the last couple of years, US new light vehicle sales (XLY) have weakened since peaking in 2016. According to data compiled by MarkLines, US auto sales fell to
GM has grown more profitable by consolidating vehicle platforms, exiting money-losing markets, and focusing production only on vehicles that customers are eager to buy.
Mr. Trump, who is scheduled to visit Ohio this week, tweeted over the weekend about the need to reopen the GM factory in Lordstown, Ohio. The plant ended production this month, one of several factories in North America slated for closure by GM, as the Detroit car company adjusts to slowing demand for traditional sedans. Mr. Trump said in a tweet Sunday evening that he spoke with Ms. Barra about the Lordstown plant.
About 47 million people - one in five American adults - are expected to bet a combined $8.5 billion on "March Madness," the annual men's college basketball tournament, a new report said on Monday. A plurality of bettors - 29 percent - favor Duke University's Blue Devils to win, according to a report from the American Gaming Association (AGA), a casino industry group. Police have a 24-year-old suspect in custody in the slaying of reputed Mafia boss Francesco "Franky Boy" Cali in New York City, authorities said on Saturday.
General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not to close the plant and leave nearly 1,500 workers laid off. Dina Mays, a 14-year veteran of Lordstown Assembly, was not at the plant for its last day. Consumers shifting away from traditional sedans such as the Cruze have left GM with more workers assigned to building cars than the market can support.
General Motors Co built the final Chevrolet Cruze small car at its Lordstown, Ohio, assembly plant on March 6, despite demands from President Donald Trump, Ohio political leaders and the United Auto Workers union not to close the plant and leave nearly 1,500 workers laid off. Dina Mays, a 14-year veteran of Lordstown Assembly, was not at the plant for its last day.
U.S. stock futures were mixed this morning as investors prepared for a Fed meeting later this week. Momentum is positive heading into the week, with the Dow riding a three-day win streak and the Dow, S&P 500, and Nasdaq all up in four of the past five sessions. President Donald Trump targeted both General Motors (GM) and an Ohio union official over an assembly plant that the automaker closed earlier this month.
President Donald Trump’s preoccupation with the auto industry was on show again over the past week, when he tweeted that he had asked General Motors Co. Chief Executive Officer Mary Barra to sell or “do something quickly” with one of the plants it is idling under a wide-ranging cost-cutting plan.
President Donald Trump tweeted on Sunday that he urged General Motors Co's chief executive to "do something quickly" to reopen the company's Lordstown, Ohio, plant that was idled more than a week ago. Trump also tweeted on Saturday to urge GM to reopen the plant, saying: "Toyota is investing 13.5 $Billion in U.S., others likewise. Earlier on Sunday, the United Auto Workers, which has filed suit challenging GM's decision to end Cruze production at Lordstown, thanked the president "for fighting alongside the UAW against @GM.
WASHINGTON — The Latest on President Donald Trump's efforts to get General Motors to reopen its Lordstown, Ohio plant (all times local):8:30 p.m.General Motors says in a statement released Sunday evening that the future of plants scheduled to be closed "will be resolved between GM and the UAW," referring to the United Auto Workers union. The automaker also says that it has "opportunities available for virtually all impacted employees" at plants that are to be shuttered."We remain open to talking with all the affected stakeholders, but our main focus remains on our employees and offering them jobs in our plants where we have growth opportunities," the company said.General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an Ohio manufacturing plant while the U.S. economy continues to fare well.Trump disclosed his conversation with Barra in a Sunday evening tweet that followed earlier posts during the weekend that blasted GM for closing its Lordstown plant and putting 1,700 people out of work. Those tweets criticized GM for letting down the U.S. and urged the company to reopen the plant or find a new owner quickly.In his latest tweet, Trump said he reiterated to Barra that GM should do something quickly, including potentially selling the plant.___7:05 p.m.President Donald Trump says he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an Ohio manufacturing plant while the U.S. economy continues to fare well.Trump disclosed his conversation with Barra in a Sunday evening tweet that followed earlier posts during the weekend that blasted GM for closing its Lordstown plant and putting 1,700 people out of work. Those tweets criticized GM for letting down the U.S. and urged the company to reopen the plant or find a new owner quickly.In his latest tweet, Trump said he reiterated to Barra that GM should do something quickly, including potentially selling the plant.GM didn't immediately respond to The Associated Press' requests for comment.___6:37 p.m.President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work.Trump's arm-twisting came in two separate tweets on Saturday and Sunday .He called on GM to reopen its Lordstown plant or find another owner, while insisting that the Detroit automaker "must act quickly."He also blasted GM for letting down the U.S. and asserted "much better" automakers are coming to the country.Trump praised Toyota for its investments in the U.S. in an apparent attempt to depict GM as being less committed to its home country than the Japan automaker.GM didn't immediately respond to requests for comment Sunday.The Associated Press
President Donald Trump stepped up his pressure on General Motors to reopen an Ohio manufacturing plant that recently closed and put 1,700 people out of work. "I am not happy that it is closed when everything else in our Country is BOOMING," Trump wrote. The union is the United Automobile Workers, which represents the employees who lost their jobs in the Lordstown closure.
President Donald Trump targeted both General Motors GM and an Ohio union official on Sunday over an assembly plant that the automaker closed earlier this month . Trump has frequently used his platform to push companies to take his preferred actions.
WASHINGTON—President Trump took a swipe at a pair of corporate giants on Saturday as part of his continuing push to have U.S. companies boost their employment and production activities domestically. Co. to “act quickly” to reopen its now-defunct Lordstown, Ohio, plant as a means of boosting domestic profits. GM announced in November that it would cut up to 14,800 jobs and close four U.S. plants as well as one in Ontario, Canada.
U.S. President Donald Trump urged General Motors Co to reopen Ohio plant in a tweet on Saturday, ten days after the plant made its last Chevrolet Cruze. The last Cruze rolled off the assembly line a week ago Wednesday at GM's plant in Lordstown, Ohio, the first of five plants in North America to end production this year and ending U.S. production of the Cruze.
Many economists believe that the policies—including the Troubled Asset Relief Program (TARP), the Housing and Economic Recovery Act of 2008, and others—were necessary to avert even greater economic harm. Others claim that more institutions should have been allowed to fail. A common narrative is that ordinary taxpayers were forced to pay trillions of dollars to rescue rich bankers.