The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday. Here is what Wall Street is expecting, according to average estimates compiled by LSEG: Earnings per share: $2.43 adjusted…
Britain’s financial watchdog has interviewed 20 social media influencers under caution, as it clamps down on “finfluencers” who may be touting financial services products illegally. The 20 were interviewed voluntarily using the Financial Conduct Authority’s criminal powers. Potential penalties include fines and imprisonment of up to two years. In this case, the FCA has focused…
Republican presidential nominee and former U.S. President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, U.S. October 20, 2024. Doug Mills | Via Reuters Though President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. “As we’ve…
Walt Disney said it would announce another replacement for CEO Bob Iger in early 2026 and named a veteran of Morgan Stanley as board chair on Monday, for the first time announcing a timetable for succession at the storied media and entertainment company. James Gorman will step down as executive chair of Morgan Stanley at…
Interest rates are on course to fall to 2.75% by next autumn after the Bank of England reduces the cost of borrowing at each of its nine next meetings, a leading investment bank has predicted. Economists at Goldman Sachs said that according to their assessment of the long-term level of interest rates consistent with achieving…
More than 20 dips and seasonings, including Domino’s Pizza’s BBQ dip, have been recalled over fears that may they contain undeclared peanuts, the food watchdog has said. The Food Standards Authority (FSA) has called on consumers to return a range of dips, curry powders and seasonings produced by the company FGS Ingredients over concerns that…
People hold sings during a strike rally for the International Association of Machinists and Aerospace Workers (IAM) at the Seattle Union Hall in Seattle, Washington, on October 15, 2024. Jason Redmond | AFP | Getty Images Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end…
When CD sales took off in the late 80s, many believed it sounded the death knell for the old-fashioned vinyl album. Fast forward 40 years and records are the in thing again, so much so that the high street retailer WH Smith is bringing them back after a three-decade hiatus. The records will be stocked…
Disney has tapped James Gorman to replace Mark Parker as the company’s next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney’s board less than a year ago and was named the head of the…
More than 100 professional female footballers have signed a letter calling on Fifa to end its sponsorship deal with the state-owned Saudi Arabian oil company, Aramco, accusing Saudi authorities of “brutal human rights violations”. A four-year deal signed in April will see Aramco, which is 98.5% state-owned, sponsor major tournaments including the men’s World Cup…
