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Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

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(Reuters) - Microsoft expects to record an impairment charge of around $800 million in the second quarter of fiscal year...
Bussiness

GM’s Cruise robotaxi exit a result of ‘serious problems’ from scaling too fast and continued high costs

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General Motors (GM) pulled the plug on its Cruise robotaxi business on Tuesday night, a move marking a dramatic step...
Bussiness

Walmart, Ikea, and Home Depot are among the major companies that’ll be affected by the port strike

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In This StoryA massive dockworkers strike could impact cargo movement of leading importers operating on the East Coast and Gulf ports, including Walmart (WMT)...
Bussiness

Texas sues GM, saying it tricked customers into sharing driving data sold to insurers | TechCrunch

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Texas filed a lawsuit Tuesday against GM over years of alleged abuse of customers’ data and trust. New car owners were presented with a...
Jobs

EV demand, investing in AI, jobs data: Asking for a Trend

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On today's episode of Asking for a Trend, host Josh Lipton breaks down the biggest takeaways from Monday's trading session.Car manufacturers like General Motors...

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