GM Raises Profit Guidance as Truck Sales Overshadow China Slump
General Motors Co. expects better profit this year after a strong first quarter, as robust truck sales in the US led the automaker to raise 2024 guidance by $500 million.
General Motors Co. expects better profit this year after a strong first quarter, as robust truck sales in the US led the automaker to raise 2024 guidance by $500 million.
United Parcel Service Inc. reported profit higher than analysts’ estimates as the courier’s headcount management and restructuring of its delivery routes began to bear fruit.
Copper’s powerful rally close to $10,000 a ton is facing a test as buyers in China, the world’s biggest market, balk at prices near their highest in two years.
Oil options markets are indicating that traders have unwound a hefty chunk of the geopolitical premium stemming from unprecedented missile and drone attacks in the Middle East.
Bank of England rate-setter Jonathan Haskel warned that the “very tight” labor market is loosening only slowly and will be the key to bringing down inflation.
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