Month: January 2025
GM reveals new performance Cadillac Lyriq as it plans to lead EV luxury sales in 2025
DETROIT – General Motors on Thursday revealed a new $80,000 performance version of its all-electric Cadillac Lyriq, as the Detroit automaker targets becoming the top-selling luxury EV brand this year in the U.S. Cadillac expects to achieve that target with an expanding lineup of electric vehicles such as the performance Lyriq-V, Escalade IQ SUV and […]
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Can Trump force the hand of NATO allies to spend up to 5% of GDP on defense?
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters As U.S. President Donald Trump looks to immediately fix his greatest political and economic bugbears, the thorny issue of NATO defense spending is likely to […]
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‘Woke’ global left is starting to crumble, Argentina’s Milei says
President of Argentina Javier Milei speaks to lawmakers during the opening session of the Argentine Congress for the period 2024 on March 01, 2024 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images A “global hegemony” of left-wing politics and ideology is “starting to crumble,” Argentina’s firebrand President Javier Milei told […]
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American Airlines shares tumble as outlook falls short
An American Airlines Boeing 787-8 Dreamliner departs from Los Angeles International Airport en route to Tokyo on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images American Airlines‘ first-quarter earnings outlook on Thursday fell short of analysts’ estimates, sending shares down more than 10%. The carrier forecast an adjusted loss per share […]
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Stock futures are little changed with S&P 500 on three-day winning streak, near record high: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on January 22, 2025 in New York City. Michael M. Santiago | Getty Images Stock futures were little changed early Thursday with Wall Street on the verge of new record highs. Futures for the S&P 500 slipped around 0.2%. Dow Jones […]
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Apple and Google’s massive mobile empires face dual UK antitrust probes
Omar Marques | Lightrocket | Getty Images LONDON — Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both […]
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China says it hopes to ‘properly manage differences’ with the U.S. on trade
Key Points China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality. China’s Ministry of Commerce has always maintained communication with “relevant” U.S. authorities on economy and trade, ministry spokesperson He Yadong said in response on Thursday. “The Chinese side hopes that under the […]
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NATO chief ‘very happy’ with Trump’s sanctions threat to Russia
Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. Bloomberg | Bloomberg | Getty […]
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SAP CEO sounds rallying cry for Europe on AI
SAP CEO Christian Klein, pictured in May 16, 2024, says he would support a $500 billion Stargate Europe. Alex Grimm | Getty Images News | Getty Images U.S. President Donald Trump’s recently announced Stargate Project — a $500 billion investment in American AI infrastructure — should be a “wake-up call” for Europe, according to the […]
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China urges state-backed funds to buy more stocks amid market slump, falling bond yields
China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster the faltering stock market. Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate […]
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