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General Motors's (NYSE: GM) stock is up 39% this year compared to the S&P 500 at 19%.
General Motors is in the early stages of realizing its potential in electric and autonomous vehicles. The stock trades for just 5 times forward earnings right now.
NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Dollar General Corporation (“Dollar General” or “the Company”) (NYSE: DG). Investors who purchased Dollar General securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/DG.
Discounter Dollar General turned in another disappointing quarter, and lowered its forecast, while Walmart had a blowout quarter.
Uber will begin offering Cruise robotaxis to customers in 2025. The NHTSA announced it was closing a probe into Cruise robotaxis.
Major U.S. equities indexes were mixed after a report showed that the U.S. gross domestic product (GDP) grew more than previously thought in the second quarter.
After today's earnings, Dollar General went down almost another 30% since 2Q'23 earnings. After a more encouraging SSS of +2.4% 1Q'24, SSS decelerated to just +0.5% in 2Q'24. I do not plan to add further capital to DG; I will, however, stay invested as I think the stock can still prove to be a potential hedge if the softness in low-end consumers ends up spreading to the middle class in the coming quarters.
General Motors (GM) is pushing back the start of production at its Indiana battery plant by a year to 2027, the latest retreat by the largest U.S. automaker on softer-than-expected electric vehicle (EV) demand.
General Motors has pushed back plans for an Indiana battery plant by about one year to 2027. The electric-vehicle future is taking longer to take shape.
General Motors (GM) has reportedly hired former Apple leader Tim Twerdahl as vice president of product management for the automaker's software services group. Twerdahl will report to GM's senior vice president of software and services product management, Baris Cetinok, Bloomberg reported Tuesday (Aug. 27), citing unnamed sources.