GM announces first layoffs in six years, cuts 2,000 jobs

GM announces first layoffs in six years, cuts 2,000 jobs

Chevy’s new electric cars General Motors is cutting 2,000 factory jobs in Michigan and Ohio — its first round of layoffs since 2010. The company said it will cut the third shift of production at the Lordstown, Ohio plant, which makes the compact Chevrolet Cruze. It’s also cutting jobs at the Lansing, Mich., Grand River → Read More

Trump will have huge sway over Fed's future

Trump will have huge sway over Fed's future

These are Trump’s key promises for his first 100 days President-elect Donald Trump is no fan of Federal Reserve chair Janet Yellen. As recently as September, Trump said Yellen should be “ashamed of herself.” Now he will have the chance to replace not just her, but also at least three of her colleagues at the → Read More

Here's Why SM Energy Co. Slumped 13.6% in October

Here's Why SM Energy Co. Slumped 13.6% in October

What happened Shares of SM Energy (NYSE:SM) slumped by double digits last month. While a dip in oil prices did not help, the primary culprit was the company’s decision to pay a hefty premium for land in the Permian Basin. So what In early October, SM Energy announced that it retained an advisor to help → Read More

Breitbart to expand in U.S., Europe after Trump victory

Breitbart to expand in U.S., Europe after Trump victory

Who is Steve Bannon? Breitbart News Network, the right-wing populist news organization that played an integral role in Donald Trump’s presidential campaign, will expand its operation in the United States and open new bureaus in Europe, its editor-in-chief said Wednesday. The expansion, first reported by Reuters, had been in the works for a long time, → Read More

Why Ionis Pharma Is Rocketing 25% Higher Today

Why Ionis Pharma Is Rocketing 25% Higher Today

What happened After updating investors on its third-quarter performance this morning, and in the wake of the U.S. presidential election, shares in Ionis Pharmaceuticals (NASDAQ:IONS) are soaring 25% higher at 1:30 p.m. EST. So what Ionis Pharma boasts one of the largest clinical-stage pipelines in biotechnology, and recently, the company’s shares have benefited from positive → Read More

Here's Why Steel Stocks Are Surging Today

Here's Why Steel Stocks Are Surging Today

What happened It’s a great day for steel stocks. Shares of Nucor Corporation (NYSE:NUE), Commercial Metals Company (NYSE:CMC), United States Steel Corporation (NYSE:X), AK Steel Holding Corporation (NYSE:AKS), Steel Dynamics, Inc. (NASDAQ:STLD), and ArcelorMittal SA (NYSE:MT) are all up between 9.4% and 18.9% at 11:55 a.m. EST on November 9: So what It’s largely a response to the election of Donald Trump as the next president → Read More

Why Trump may never release his tax returns

Why Trump may never release his tax returns

These are Trump’s key promises for his first 100 days Americans are about to learn a lot more about Donald Trump now that he’s been elected the 45th president of the United States. How he’ll handle real power, who he’ll pick for his cabinet, how he’ll respond to critics now that he’s under pressure to → Read More

Is Molson Coors the Real Winner in the Budweiser-Miller Merger?

Is Molson Coors the Real Winner in the Budweiser-Miller Merger?

Anheuser-Busch InBev (NYSE:BUD) completed its acquisition of SABMiller last month, giving the megabrewer even greater global reach, but the real winner from this merger will actually be Molson Coors (NYSE:TAP), which acquired the other half of MillerCoors it didn’t already own. The one-time joint venture will now be the engine that fuels its new parent’s → Read More

Trump win is boost for infrastructure spending

Trump win is boost for infrastructure spending

Mexican peso plummets on U.S. election news Donald Trump may or may not build that wall on the Mexican border that he talked about constantly during the presidential campaign. But investors are hoping that he — and Congress — will spend more to help rebuild America’s roads and bridges. Read More

Why Health Insurance Stocks Are Tanking Today

Why Health Insurance Stocks Are Tanking Today

What happened Investors in Molina Healthcare (NYSE:MOH), Centene (NYSE:CNC), and WellCare Health Plans (NYSE:WCG) are having a rough day. Shares of all three companies are falling by double digits in early afternoon trading in response to the news that Donald Trump has won the 2016 presidential election. So what What do these three companies have in → Read More

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