General Motors reported Q2 2026 revenue of $48 billion and net income of $1.3 billion, with a 30% rise in adjusted EBIT to $3.9 billion. The company raised its full-year 2026 adjusted EBIT guidance to $14-$16 billion and expects net income of $8.4-$9.8 billion, driven by strong automotive cash flow and operational improvements. GM also declared a quarterly dividend of $0.18 per share, payable in September. This outlook reflects confidence in GM's transition to electric vehicles and ongoing operational efficiency.
TSMC and ASML have confirmed that demand for AI memory remains exceptionally strong, but industry supply growth is limited by fully booked EUV capacity through 2028. The US and Japan are investing billions to support Micron Technology's manufacturing...
General Motors announced it will introduce new gas-powered Cadillac models starting next spring, including updated versions of the CT5 sedan, XT5 SUV, and the return of the XT6 SUV. This marks a shift from GM's earlier plan for Cadillac to sell only ...
General Motors (GM) raised its full-year 2026 profit forecast following better-than-expected Q2 results, with adjusted EPS up 41% to $3.57 and revenue rising 1.9% to $48.03 billion. Despite $2.3 billion in one-time charges related to its electric veh...
Wall Street futures rose Tuesday morning with Nasdaq up 1.3%, led by technology stocks like Nvidia, which gained momentum after investing in cloud provider Nebius. The market is reacting to President Trump's announcement of new 50% tariffs on various...
U.S. stock futures rose Tuesday as semiconductor stocks like Micron and Intel bounced back after last week's sell-off, supported by strong earnings from 3M and General Motors. The Dow gained on these earnings beats, while the Nasdaq led gains driven ...
