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Wall Street futures pointed higher pre-bell Tuesday, as tech issues recovered partially from Monday sell-offs that followed reports that China-based DeepSeek's AI model rivaled Western versions, but at lower development cost and use of computing power.
US benchmark equity indexes were pointing higher before the open Tuesday as technology stocks make a recovery after closing the previous session lower amid the launch of a new open-source model from Chinese artificial intelligence startup DeepSeek.
General Motors announced record-breaking profits, which workers will see in their pockets with a $14,500 check.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street
While investors will be watching GM’s quarterly results, they will also be focused on its guidance for 2025 and any changes under the Trump administration.
Says investments will depend on market demand. Expects strong free cash flow generation in 2025. Expects to follow “similar” capital allocation
The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.
Inventors punished the automaker's exclusion of uncertainty surrounding potential policy shifts on GM's financial performance.
The tech-influenced Wall Street indices closed sharply lower on Monday, after DeepSeek unveiled advancements in AI technology that could disrupt the market, prompted fears of heightened competition and potential market share erosion to the US-based chipmakers.
General Motors (NYSE: GM) slid 8.2% despite the company posting fourth-quarter results and a 2025 earnings forecast ahead of expectations. Boeing (NYSE: BA) shares, last up 6%, were volatile after the planemaker reported its biggest annual loss since 2020.
General Motors Company (NYSE:GM), a leading American automaker, finds itself at a critical juncture as it navigates the evolving landscape of the automotive industry. While the company has experienced a remarkable surge in its stock price,