GM, tariff
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GM Profit Falls
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General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall Street’s expectations and the company stuck by its full-year financial outlook that it lowered in May.
General Motors on Tuesday posted second-quarter results above analysts' estimates, but said it expects a bigger hit from tariffs in the second half of the year.
The Detroit automaker signed an agreement with Redwood Materials to turn new and used EV batteries into storage systems to power AI data centers.
As training camp begins for the Washington Commanders on Tuesday, GM Adam Peters remains confident the front office will work things out with Terry McLaurin.
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Trump said Sunday on social media that he “may put a restriction” on the Commanders' anticipated deal with the District of Columbia government to build a new stadium in the nation’s capital “if they don’t change the name back to the original ‘Washington Redskins,’ and get rid of the ridiculous moniker, ‘Washington Commanders.'"
Earlier this month, Washington Commanders star wide receiver Terry McLaurin admitted that he has been "pretty frustrated" after the two sides have failed to reach a contract extension this offseason. On Tuesday, Commanders general manager Adam Peters said the team is trying to take care of McLaurin.
US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead.