GM cutting jobs, idling Canadian electric van plant
Brightdrop EV600 van Source: Brightdrop DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of 2025, the company confirmed Friday. The CAMI assembly plant in Ingersoll, Ontario, will be reduced from two shifts to one — eliminating 500 jobs […]
Frontier Airlines cuts flights after travel demand fell in March
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also lowered its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up […]
The collapse of dollar shows ‘the biggest damage right now is to the U.S. brand’
The mighty dollar, ordinarily a safe haven during times of market-based stress, is falling apart, and its ongoing year-to-date slide is pointing to a much bigger problem for all U.S. assets.
Jamie Dimon expects S&P 500 earnings estimates to fall amid uncertainty
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the […]
JPMorgan’s Dimon warns economy is facing ‘considerable turbulence’ from tariffs and trade wars
Bank adds $705 million to loan loss reserves reflecting uncertain macro outlook
Trump pivot on tariffs shows Wall Street still has a seat at his table
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images With each passing day since President Donald Trump’s sweeping tariff announcement last week, a […]
Here’s how Apple could prevent iPhone prices from going up due to tariffs
Morgan Stanley sees room for Apple to expand India production and kill of lower-end storage configurations that are less profitable.
JPMorgan Chase (JPM) earnings Q1 2025
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings: […]
Modelo owner Constellation says Trump immigration policy hitting beer sales
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the […]
Trump administration adds immigrants to Social Security dead list to encourage self-deportation
Immigrant workers put on the list will not be able to legally hold jobs or use financial services
