Keyword → GM

Trump Confirms 25% Auto Import Tariffs Take Effect April 3 — Automakers and Suppliers Slide

President Trump confirmed Friday that a 25% tariff on all imported automobiles will take effect April 3, 2026, sending shares of foreign-assembled vehicle brands and global auto suppliers sharply lower. Domestic automakers Ford and GM initially rallied on the news before pulling back as investors assessed complex supply chain exposure, with analysts warning the tariffs could add $4,000 to $12,000 to new vehicle sticker prices.

BETMGM Reports Strong FY2025 Performance and EBITDA Inflection

BETMGM released its fiscal year 2025 business update on Feb. 4, 2026, revealing stronger than expected operational performance and a marked inflection in EBITDA. The company highlighted robust revenue growth across key gaming and sports betting verticals, attributing improved results to strategic execution and product enhancements. Management expressed confidence in long-term profitability, affirming projected growth trajectories for 2026 guided by sustained customer engagement and market expansion initiatives.

General Motors Reports $7.1 Billion Loss Amid Strategic Pullback from EVs

General Motors announced a massive $7.1 billion quarterly charge as it retreats from ambitious electric vehicle targets. The move follows shifts in U.S. policy and slowing consumer demand for battery-powered cars.