Wells Fargo moved its rating to underweight for the two automakers, citing rising costs for electric vehicles.
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Wells Fargo double downgrades Ford and GM, says 2022 could be ‘peak profits’ for legacy automakers
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Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds
As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That […]
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Jeep parent Stellantis announces $13 billion U.S. investment plan
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images DETROIT — Stellantis, the parent company of Chrysler, Jeep and other auto brands, plans to invest $13 billion in U.S. manufacturing operations […]
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Netflix and Spotify partner to bring podcasts by The Ringer to the video platform
Jakub Porzycki | Nurphoto | Getty Images Spotify is officially bringing video podcasts to Netflix. The partnership will bring a selection of podcasts from The Ringer, a network acquired by Spotify in 2020, to the streaming company in early 2026 for U.S. users. The podcasts will range from sports to culture to true crime, aiming […]
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