General Motors (GM) is set to release its first-quarter earnings on Tuesday, and according to the Refinitiv consensus estimates, adjusted earnings per share are expected to be $1.73 with revenue of $38.95 billion. While this would mark a significant decline in adjusted EPS from last year, it would represent an 8.3% increase in revenue as
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As the famous Wall Street adage goes, “sell in May and go away,” but CFRA Research suggests a different approach to maximize gains this spring. The Stock Trader’s Almanac suggests that the worst six months of the year for the S&P 500 starts in May and ends in October. However, CFRA’s chief investment strategist, Sam
Fulton County District Attorney Fani Willis has stated that she will announce charging decisions in the election-interference probe of former President Donald Trump and his allies this summer. The announcement is expected to be made during the Fulton County Superior Court’s fourth term, which begins on July 11th and ends on September 1st. The criminal
Apple emerged mostly victorious in its legal battle with Epic Games over App Store rules as an appeals court ruled in its favor on Monday. The decision suggests that Apple’s control over the App Store and the fees it charges developers are unlikely to change significantly. Apple’s strict control over the App Store is critical
Johnson & Johnson’s consumer health business, Kenvue, is set to go public later this year with a valuation of $40 billion. The company aims to raise $3.5 billion or more in its initial public offering, making it the biggest share sale of a quiet IPO year. According to sources familiar with the matter, Kenvue plans
HBO has been a pioneer in television for 50 years, as one of the first paid TV networks to air uncut movies, live events, concerts and comedy specials. The emergence of cable in the 1960s and 70s coincided with the birth of HBO when Chuck Dolan, while trying to wire half of Manhattan for cable,
A recent NBC News poll has found that despite legal investigations into his past conduct and recent criminal charges, two-thirds of Republican primary voters still support former President Donald Trump. This support, along with Trump’s double-digit lead over his nearest rival, Florida Governor Ron DeSantis, makes him the clear front-runner for the Republican presidential nomination.
The Inflation Reduction Act (IRA) has not only benefited American firms such as First Solar but also presents an opportunity for emerging markets (EM) firms. The IRA aims to reduce US carbon emissions and promote the domestic production of clean energy technologies like electric vehicles, solar panels, and wind energy. This article explores how EM
Restaurants are gearing up to announce their first-quarter earnings, and investors are anticipating favorable outcomes. However, the year ahead might not be as smooth sailing for the sector. Leading chains such as McDonald’s, Chipotle Mexican Grill, and Domino’s Pizza are set to reveal their quarterly reports next week. The following week, Starbucks, Burger King’s parent
In the United States, state and local governments have paid a total of $2.9 billion to Americans who were wrongly convicted of crimes. Thanks to media coverage of these payouts and improvements in DNA technology, investors and companies are offering cash advances to exonerees with the hope of substantial payback if they win their case.