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Dow hits record as 3M, Coca-Cola, other stocks climb
U.S. stocks rose Tuesday, led by strong earnings from GM, RTX and Coca-Cola, as investors awaited inflation data and Fed rate guidance.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Wall Street Holds Near Records on Mixed Earnings
NEW YORK (AP) — Wall Street is hanging near its records on Tuesday following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump‘s tariffs are hurting or helping them. The S&P 500 was shaving 0.1% off its all-time high set the day before. The Dow Jones Industrial Average was up […]
Major companies face a difficult task in estimating the impact of tariffs on their business
Top companies like Kraft Heinz, JetBlue, and GM report financial strain and outlook changes as Trump’s tariffs drive economic and consumer uncertainty.
Former Northrop Grumman CEO’s mansion sells for $9.95M
Former Northrop Grumman Chairman and CEO Wes Bush and his wife, Natalie, sold their McLean mansion June 28 for $9.95 million, according to Fairfax County records. Steven A. Sigsbury, an attorney with the Cochran Law Group in Tysons, is listed as the buyer of 903 Turkey Run Road and Baldy’s Bait and Tackle Trust is […]
