GM, Trump and tariffs
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General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on Tuesday, but reported a decline in second-quarter profits, including a $1.1 billion hit as a result of hefty import taxes.
Packers incoming team president Ed Policy decided not to extend the contracts of coach Matt LaFleur and GM Brian Gutekunst this offseason.
General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
While Tesla remains the No. 1 EV manufacturer in the U.S., GM said it has secured the No. 2 position and believes it has an “inherent advantage” with EVs.
Former GM expects Yankees to move multiple prospects at the trade deadline originally appeared on Athlon Sports.
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The S&P 500 reached another record high but US stocks ended trading day mixed as GM shares plunged in the wake of tariffs hit
The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.