General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.
Category: Company Reports
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G.M. Profit Shrinks on Billion-Dollar Tariff Hit
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
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Stellantis Says Profit Plunged as Tariffs Began to Bite
The company, which owns Jeep, Peugeot, Fiat and other brands, said it might soon have to begin raising prices.
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Netflix’s Net Income Leaps to $3.1 Billion
It was another strong quarter for the streaming giant, which generated $11.1 billion in revenue.
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For Big Banks, the Trump Era Is Proving Profitable Thus Far
JPMorgan’s Jamie Dimon lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.
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Delta’s Stock Soars on Signs of ‘Stabilized’ Demand
The airline reported better earnings than expected for its latest quarter, and restored its forecast for the rest of the year.
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Tesla Sales Fall as Elon Musk Focuses on Self-Driving Cars
The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.
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Elon Musk Returns to His Tech Empire, Fighting Questions of Inattention
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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C.E.O.s Are Trying to Avoid Trump’s Ire as Tariffs Hit Their Businesses
Public companies are obligated to tell investors how tariffs could affect corporate financial results. But some are trying to do it with euphemisms to avoid the president’s anger.
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British Retailer M&S Says Cyberattack Will Cost It $400 Million
The company also said it would take several more weeks to resolve issues relating to the attack, which came to light last month.
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Target Says Sales Fell Short In a Challenging Economy
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.