General Motors to Suspend Production, Lay Off 500 at Electric Vehicle Plant in Ontario
General Motors has temporarily halted production of its BrightDrop electric delivery van as the automaker will initiate temporary layoffs starting April 14 and workers will return in May for limited production.
Wall Street Sounds an Alarm: The Economy Is at Risk Thanks to Tariffs
JPMorgan Chase's Jamie Dimon and BlackRock's Larry Fink both said the turbulence wasn't like prior financial crises.
Ireland's Privacy Watchdog Probes Musk's Grok AI Model
Ireland's data privacy watchdog said it is looking into whether Grok has been illegally trained on European user posts on Musk's X social media platform.
Morgan Stanley's Profit Surged on Trading Revenue
The bank's profit increased to $4.32 billion in the first three months of the year, or $2.60 per share, surpassing the $2.18 per share analysts expected.
Wells Fargo Profit Rises, Boosted by Lower Expenses
Wells Fargo booked a bigger profit in the first quarter, as lower expenses helped offset a decline in net interest income.
BlackRock's Assets Hit Record as Net Income Falls
BlackRock's quarterly net income fell slightly from a year earlier, while the investment firm's assets under management edged higher to a record $11.6 trillion.
Marcum Sells Remaining Stake in Asia Business Following CBIZ Deal
Accounting firm Marcum sold its 50% stake in its Asia business to the two founders of the Asian unit, which is now considering expanding into new regions.
Tesla Deletes Buy Option for Model S and X From China Website
Tesla has removed the option for purchases of new Model S and Model X vehicles on its China website as trade tensions between the world's two largest economies escalate.
BP Expects First-Quarter Upstream Production to Fall
The company anticipates lower upstream production than the previous quarter due to already announced divestments in Egypt and Trinidad.
Novo Remade Denmark. The Danes Are Still Adjusting.
Denmark's economy was reshaped by Novo Nordisk and obesity drugs. That identity now is under attack on multiple fronts, from science to geopolitics.
(END) Dow Jones Newswires
April 11, 2025 17:00 ET (21:00 GMT)
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