Business

DeepSeek, a Chinese AI startup, has sent shockwaves through the stock market, exposing the concentration risk in the Mag 7 tech stocks, particularly Nvidia. Investors are urged to exercise caution amidst the hype surrounding AI and be mindful of the potential impact on broader markets.

Published on: January 28, 2025, 04:03 PM UTC

General Motors CEO discusses tariffs with President Trump, highlighting potential implications for auto industry and economy.

Published on: January 28, 2025, 04:03 PM UTC

Positive Q4 results for GM, with $13.7-15.7B 2025 profit forecast. GM anticipates EV growth, with plans to sell 300,000 EVs in 2025 and trim EV costs by $2-4B this year. The automaker addresses challenges like potential tariffs and the loss of federal EV tax credits.

Published on: January 28, 2025, 04:02 PM UTC

Starbucks appoints former Taco Bell executives to drive "Back to Starbucks" plan, including Mike Grams as chief stores officer and Meredith Sandland as chief store development officer. Sara Trilling and Arthur Valdez depart from leadership roles amidst organizational changes.

Published on: January 28, 2025, 04:02 PM UTC

Chevron and its partners aim to seize AI's surging electricity demand with natural gas-fired power plants near data centers, providing multi-gigawatt capacity by 2027.

Published on: January 28, 2025, 04:00 PM UTC

General Motors CEO Mary Barra discussed tariffs with President Trump and believes he understands their ramifications. Tariffs on Mexico and Canada could increase car prices by $3,000 on average, impacting automakers like GM and Ford.

Published on: January 28, 2025, 03:06 PM UTC

Boeing CEO Kelly Ortberg isn't worried about tariffs; expects to reach 38 airplanes a month on 737 MAX program and 7 a month on 787 in Q1 2025.

Published on: January 28, 2025, 03:04 PM UTC

Bain Capital offers to buy out Surgery Partners for $25.75/share, a 21.2% premium.

Published on: January 28, 2025, 03:04 PM UTC

GM CEO Mary Barra talks to President Trump about tariffs. GM's EPS guidance assumes a "stable" policy environment and doesn't factor in additional tariffs. Nevertheless, tariffs hang over auto sector stocks, as the auto industry relies heavily on imports from Mexico and Canada. Analysts worry about the potential impact on demand if automakers raise prices to offset tariffs.

Published on: January 28, 2025, 03:02 PM UTC

General Motors (GM) reported strong Q4 2024 financials, with revenue up 11% and adjusted EBIT up 42.8% YoY. Despite challenges such as potential tariffs and loss of federal EV tax credits, GM forecasts 2025 profit of $13.7 billion to $15.7 billion, with growth driven by EV sales and China operations. Follow Yahoo Finance for the latest stock market news and analysis.

Published on: January 28, 2025, 03:02 PM UTC