Here’s what Cadillac’s new $300,000 electric sedan will look like

Here's what Cadillac's new $300,000 electric sedan will look like

The Cadillac Celestiq show car previews a future electric sedan for General Motors. GM DETROIT — General Motors unveiled Friday what its most expensive Cadillac will look like as the automaker attempts to redefine America’s quintessential luxury brand into a leader in electric vehicles. The Detroit automaker has unveiled a “show car” version of the … Read more

5 things to know before the stock market opens Friday, July 22

5 things to know before the stock market opens Friday, July 22

Here are the most important information investors need to start their trading day: 1. Another mixed morning for equities Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2022. Brendan McDermid | Reuters The three major U.S. stock indexes looked set for confused trading Friday morning after a relatively strong … Read more

Germany agrees to bail out energy giant Uniper as Russia squeezes gas supplies

Germany agrees to bail out energy giant Uniper as Russia squeezes gas supplies

Uniper has been in talks with the German government over a possible bailout. Image Alliance | Image Alliance | Getty Images Germany agreed on Friday to bail out Uniper with a 15 billion euro ($15.24 billion) bailout deal, as the beleaguered energy company becomes the first major casualty of Russia’s natural gas squeeze. The bailout … Read more

AT&T earnings were ‘actually good’ despite stock selloff, says analyst

AT&T earnings were 'actually good' despite stock selloff, says analyst

Shares of AT&T Inc. fell sharply on Thursday after the telecom giant cut its free cash flow forecast for the year, but an analyst said the latest report wasn’t all bad. In fact, LightShed Partners analyst Walt Piecyk titled his research note, “AT&T’s second quarter was actually good. Here’s why.” Certainly, AT&T’s T, -7.62% The … Read more

‘Awful’ Snap Sales Wipe $47 Billion From Social Media Stocks

‘Awful’ Snap Sales Wipe $47 Billion From Social Media Stocks

(Bloomberg) – U.S. social media giants lost nearly $47 billion in market value in extended deals on Thursday as disappointing earnings from Snap Inc. raised concerns about the outlook for online advertising. Bloomberg’s Most Read The Snapchat parent dropped 27% in the after-hours session. Facebook parent company Meta Platforms Inc. and Pinterest Inc. fell more … Read more

Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare

Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare

July 21 (Reuters) – Amazon.com Inc (AMZN.O) agreed on Thursday to buy primary care provider One Medical (ONEM.O) for $3.49 billion, expanding the giant’s virtual healthcare e-commerce and adding physical doctors. ‘ offices for the first time. The all-cash deal would combine two relatively small players as Amazon continues a years-long march into U.S. healthcare, … Read more

Ishan Wahi: U.S. charges ex-Coinbase manager in first crypto insider trading case

Ishan Wahi: U.S. charges ex-Coinbase manager in first crypto insider trading case

Ishan Wahi, the chief product officer of the cryptocurrency exchange, and his brother Nikhil Wahi were arrested Thursday in Seattle and are scheduled to appear in federal court later in the day. They and a third defendant, their friend Sameer Ramani, also face civil charges related to the US Securities and Exchange Commission. Ramani is … Read more

Goldman Sachs on why the bear market is not over

Goldman Sachs on why the bear market is not over

Wall Street’s major averages are rebounding this week, hitting their highest levels in more than a month on Wednesday as tech stocks rallied. This sparked rumors of bulls returning to the market, with early innings corporate earnings holding wide. But strategists at Goldman Sachs and elsewhere said this week they don’t believe that bear market … Read more