General Motors cuts 500 salaried employees
GM follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.
: HP holiday earnings chopped in half, CEO says ‘we continue to see a slowdown’ in PC sales
HP's stock rose slightly Tuesday after the PC maker reported a steep drop in revenue and GAAP earnings being cut in half during the holiday...
Earnings Results: Ross Stores says rising prices continue to hit lower-income shoppers — and forecasts miss expectations
Ross Stores Inc. slipped after hours on Tuesday after the bargain retail chain offered up a full-year forecasts that missed analysts expectations.
The Margin: Drivers are killing 19 pedestrians on average in the U.S. every day, new report warns
Some 3,434 pedestrians in the United States were hit and killed by drivers during the first six months of 2022, the Governors Highway Safety Association...
: Uber and Lyft drivers are facing discrimination from customers — and getting banned from the apps, report finds
A driver-backed report finds 69% of drivers of color have experienced some sort of deactivation, compared with 57% of white drivers.
Earnings Results: AMC stock gains after reporting 14th consecutive quarterly loss, fourth straight year in the red
AMC reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday, but shares still gained in after-hours trading.
Deep Dive: The 20 worst U.S. stocks in February: the biggest loser dropped 35%
It could have been worse, but more than three-quarters of the stocks in the S&P 500 were down for the month.
: Supreme Court majority questions Biden’s student-debt relief plan
The court heard arguments on Tuesday over the Biden administration’s program to discharge up to $20,000 in student loans for a wide swath of borrowers
Earnings Results: Rivian stock sinks after earnings miss, weak outlook
Rivian Automotive Inc. late Tuesday reported a narrower quarterly loss but sales that were below expectations, sending the EV maker stock more than 7% lower...