News
Schumer balks at Trump's pullback in Minneapolis, government shutdown all but inevitable this week
The Senate returned to Washington on Tuesday with just a few days left to avert a partial government shutdown and an intractable impasse…
Tag
Pullback
Business
GM to take $6 billion charge after EV pullback
General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy…
Business
GM to take US$6 billion writedown on EV pullback
GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit General Motors said on Thursday it would…
News
Ford is canceling the F-150 Lightning in a major EV pullback, but don’t count U.S. electric vehicles out yet
The country’s automotive future doesn’t look as electric as carmakers had once hoped. But it doesn’t mean the EV industry is entirely…
Business
Genesco Lowers Guidance After a ‘Meaningful Pullback’ in Sales Following Back-to-School
Genesco is managing expectations for the year after experiencing a noticeable slowdown in sales after back-to-school in the third quarter.…
Business
US: Wall Street tumbles after big banks flag pullback risk
Wall Street’s main indexes tumbled on Tuesday (Nov 4) as investors questioned lofty tech valuations after the CEOs of top Wall Street…
Business
Goldman, Morgan Stanley CEOs warn of pullback in global equity markets
Fears of a market bubble come as the benchmark S&P 500 continues its meteoric climb CEOs of Wall Street heavyweights Morgan Stanley and…
Business
Housing market remains locked in deepest home-flipping pullback since 2007
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Home flipping exploded…
Business
One of Singapore’s longest-running hedge funds is shutting down on US investor pullback
One of Singapore’s longest-running hedge funds, New Silk Road Investment, is shutting down after weak returns and a pullback by US…
Business
Barclays hires sales trader in Hong Kong after pullback
Barclays hired Joseph Lee from HSBC Holdings as head of high-touch equity sales trading for Asia-Pacific as the UK bank ramps up staffing…
Business
Asia’s top-rated bonds lifted by pullback from US Treasuries
Bonds in Australia and Singapore are getting a lift from rising questions about the appeal of Treasuries, as fears that a proposed US tax…
Business
Europe: Shares notch best session since November 2022 after tariff-sparked pullback
EUROPEAN shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely…
Business
Jefferies profit drops on pullback in deals, capital markets
Jefferies Financial Group’s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with…
Business
Porsche warns pullback from EVs will drag on profit this year
Challenges with making the jump to EVs has cost the company dearly in China, where deliveries have dropped PORSCHE will take an 800…