Author: i2wtc

The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023.Gene J. Puskar | APGeneral Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market.The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts at Ohio’s Ultium Cells battery cell plant, in addition to 850 temporary layoffs at that site in Ohio. The company also said it would temporarily lay off 700 at Ultium Cells’ Tennessee plant.”In response to slower near-term EV adoption and an evolving regulatory environment, General Motors is realigning…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S & P 500 and Nasdaq reached record intra-day highs again Wednesday, supported by strength in megacap tech. Club holding Nvidia is leading the pack. “The markets are higher, but I would tell you that it’s disparate. It’s not every stock,” Jim Cramer said. Investors are also awaiting the Federal Reserve’s latest rate decision in the afternoon. Another quarter-point cut is expected. Club name Boeing posted mixed quarterly results Wednesday morning. Management highlighted positive…

Train compartments sustain minor damage after unidentified armed men fired rockets, but no casualties reported Unidentified armed men attacked the Jaffar Express in Balochistan’s Dera Murad Jamali, firing multiple shots and launching four rockets at the passenger train. However, security forces swiftly retaliated, foiling the assault and forcing the attackers to flee. In the attack, several train compartments sustained minor damage, but no casualties were reported. Officials said the prompt response from security personnel averted a major tragedy and ensured the safety of all passengers. Following the attack, the train was halted at Dera Murad Jamali Railway Station, while law…

The Etsy NYC headquarters building is seen in New York City.Michael M. Santiago | Getty Images News | Getty ImagesEtsy CEO Josh Silverman will step down from his position and move to the role of executive chairman at the end of the year, the online marketplace said Wednesday.Kruti Patel Goyal, Etsy’s president and chief of growth who previously oversaw its Depop resale app, will take the helm at Etsy effective Jan. 1, 2026, the company said.Etsy shares fell more than 6% in morning trading following the news, which was announced alongside its third-quarter earnings report. The company reported a beat…

Jensen Huang, chief executive officer of Nvidia Corp., during a Bloomberg Television interview at the Nvidia AI summit in Washington, DC, US, on Tuesday, Oct. 28, 2025. Kent Nishimura | Bloomberg | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Hand over fistNvidia took center stage yesterday — literally and figuratively. In addition to inking deals with multiple well-known companies, CEO Jensen Huang made a major domestic production announcement during the chip titan’s technology conference.Here’s the full rundown:Nokia said Nvidia is…

Sam Altman, CEO of OpenAI, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025.David A. Grogan | CNBCOpenAI on Wednesday announced two reasoning models that developers can use to classify a range of online safety harms on their platforms. The artificial intelligence models are called gpt-oss-safeguard-120b and gpt-oss-safeguard-20b, and their names reflect their sizes. They are fine-tuned, or adapted, versions of OpenAI’s gpt-oss models, which the company announced in August. OpenAI is introducing them as so-called open-weight models, which means their parameters, or the elements that…

* The signing of the China-ASEAN FTA 3.0 Upgrade Protocol in Kuala Lumpur on Tuesday paves the way for expanded economic and trade cooperation — boosting regional integration and global trade.* Via such continuous development of the China-ASEAN FTA, bilateral market access has expanded and trade volume grown, while economic cooperation has deepened.* The Version 3.0 upgrade aims to create an inclusive, modern and mutually beneficial agreement that deepens regional economic integration and strengthens supply chain connectivity.NANNING, Oct. 29 (Xinhua) — A ceremony was held on Monday at the assembly plant of Guangxi Automobile Group in the city of Liuzhou,…

Ruling stresses that Pakistan’s constitutional framework ‘places the family at the heart of social life’ ISLAMABAD: The Supreme Court has directed the provincial governments to take concrete measures for the welfare and protection of senior citizens, underscoring the constitutional obligation to safeguard family life, dignity and social security. In a nine-page judgment written by Justice Salahuddin Panwar, the Supreme Court instructed the Sindh government to establish and ensure the effective functioning of protection committees in every district within ninety days, as required under Section 19 of the Sindh Domestic Violence (Prevention and Protection) Act, 2013. The court also directed the…

Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesFiserv’s stock plummeted 44% Wednesday and headed for its worst day ever after the fintech company cut its earnings outlook and shook up some of its leadership team.”Our current performance is not where we want it to be nor where our stakeholders expect it to be,” wrote CEO Mike Lyons in a release.For the full year, Fiserv now expects adjusted earnings of $8.50 to $8.60 a share for the year, down from a previous forecast of $10.15 and $10.30. Revenues are expected to grow 3.5% to 4%, versus a prior estimate…

U.S. President Donald Trump meets with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders’ summit in Gyeongju, South Korea, October 29, 2025. Evelyn Hockstein | ReutersDonald Trump and South Korean President Lee Jae Myung finalized details of their fraught trade deal at a summit in South Korea on Wednesday, and the U.S. president also sounded an optimistic note about a looming summit with China’s Xi Jinping.”We made our deal, pretty much finalized it,” Trump said at a dinner with Lee and other regional leaders on the sidelines of an Asia Pacific forum.The…