GM’s impressive beat and reaffirmed guidance weren’t enough to outweigh fears of analysts and investors of outside macro-economic factors.
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GM’s first-quarter earnings surprised Wall Street but investors remain cautious
Business
Starbucks to lay off 300 U.S. employees, shutter some regional support offices
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300 […]
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Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms
The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers. The “Detroit Three” automakers have together cut more than 20,000 U.S. salaried […]
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Family investors turn to old-economy businesses like dealerships and fisheries to avoid AI disruption
Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of […]
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