General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares dipped 3% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for…… MORE
Stellantis plans to invest $13 billion over the next four years to expand its manufacturing capacity in the United States. The automaker says this move will increase domestic vehicle production by 50% and add over 5,000 jobs. On Tuesday, Stellantis announced the investment will support the introduction of five new vehicles, including a Dodge Durango…… MORE
Meta has removed a Facebook page used to track the presence of immigration agents at the request of the Department of Justice, the company confirmed on Tuesday. Attorney General Pam Bondi said in a post on X that “following outreach” from the DOJ, Facebook removed a “large group page” that was being used to target…… MORE
SAN FRANCISCO (AP) — An estimated 31,000 Kaiser Permanente health care workers have gone on strike to demand better wages and staffing. The five-day strike began Tuesday and spans 500 medical centers in California, Hawaii, and Oregon. It is the largest in the history of the United Nurses Associations of California/Union of Health Care Professionals.…… MORE
NEW YORK (AP) — New tariffs on imported kitchen cabinets, bathroom vanities, and upholstered furniture in the U.S. are expected to impact the home improvement industry. The tariffs took effect early Tuesday. The White House says the aim is to boost domestic production and to protect American companies. However, some small business owners worry about…… MORE
Beyond Meat’s shares were trading below $1 Tuesday as investors fretted over the company’s plans to cut its debt by issuing more shares. It was further bad news for the plant-based meat maker, which has been struggling with weak demand for its burgers, sausages, tenders and other products. Beyond Meat’s net revenue was down 15%…… MORE
HONG KONG (AP) — China has banned dealings by Chinese companies with five subsidiaries of South Korean shipbuilder Hanwha Ocean. The Commerce Ministry announced Tuesday that Beijing also was investigating a probe by Washington into China’s growing dominance in world shipbuilding. The U.S. Trade Representative launched the Section 301 trade investigation in April 2024. It…… MORE
CHARLOTTE (AP) — The Dallas Cowboys continue to struggle on defense, losing to the Carolina Panthers 30-27 on Sunday. The Cowboys allowed 410 yards and failed to stop the Panthers’ final drive, which ended with a winning field goal. Former Cowboys running back Rico Dowdle had a standout performance, rushing for 183 yards. Bryce Young…… MORE
JERUSALEM (AP) — President Donald Trump has told Israeli lawmakers their country has no more to achieve on the battlefield and must work toward peace in the Middle East after two years of war against Hamas and skirmishes with Hezbollah and Iran. Trump also says Palestinians should focus on “building their people up” instead of…… MORE
ABOARD AIR FORCE ONE (AP) — President Donald Trump has left for Israel and Egypt to celebrate the U.S.-brokered ceasefire and hostage deal between Israel and Hamas. He told reporters traveling with him on Air Force One that he believed the ceasefire would hold and that “the war is over.” He says he hopes to…… MORE
