General Motors will relocate assembly of two models from Asia to Mexico by 2027, aiming to boost domestic output to 80,000 units annually by 2030. General Motors will begin assembling the Chevrolet Groove and Aveo at its Ramos Arizpe facility in Mexico from 2027, shifting
May 20 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets With Nvidia’s first-quarter results due after Wednesday's bell, traders are braced for big stock movements, with options markets pricing in a 6.5% swing in either direction.</
UK-based oil and gas producer Energean plc on Wednesday slashed its first-quarter dividend and full-year production outlook following a 41-day halt to production at a gas field offshore Israel due to the Middle East conflict. Energean suspended production at the Karish pla
A Delaware jury ruled Cummins misappropriated C3.ai's trade secrets, ordering the engine maker to pay $23.3M in damages. C3.ai (AI) was awarded $23.3M in damages after a Delaware jury unanimously found Cummins (CMI) guilty of misappropriating its trade secrets. The verdict
Gold prices traded little changed on Wednesday as investors assessed the impact of surging government bond yields and a firmer U.S. dollar against growing expectations that diplomatic negotiations could eventually ease tensions in the Iran conflict. By 05:15 ET (09:15 GMT)
A former top regulator states the Federal Reserve is privately evaluating a digital dollar despite public resistance from the Trump administration. Former CFTC Chairman Timothy Massad said the U.S. is quietly exploring a central bank digital currency (CBDC) despite public
The UK Treasury is in discussions with major supermarkets about voluntarily capping prices on essential food items, offering regulatory concessions in return, the Financial Times (FT) reported. Under the arrangement being discussed, retailers would identify a range of stap
India initiates first direct crude and LPG loading from Gulf producers west of the Strait of Hormuz in 80 days despite ongoing blockade. India has begun sending empty tankers into the Strait of Hormuz to load crude oil and LPG directly from Gulf producers, marking its firs
A hawkish ECB policymaker warns geopolitical tensions may fuel inflation expectations, supporting near-term rate increases. European Central Bank Governing Council member Pierre Wunsch stated inflation risks are escalating due to prolonged geopolitical crises, which could
Two Chinese vessels exit key oil chokepoint amid signals of easing U.S.-Iran tensions, moving significant crude volumes. Two Chinese-flagged tankers carrying approximately 4M barrels of crude oil exited the Strait of Hormuz on Wednesday. The movement coincides with remarks
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