Record sales prices drive GM profit up 56% to $10B last year
General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips.
GM prioritizes faster EV launches ahead of fatter profits
General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of new electric vehicles, and noted that investments in technology will take priority over richer profits next year.
AT&T sets WarnerMedia spinoff plan and lowers its dividend
AT&T Inc. said it would roughly halve its dividend payout and divest itself of its WarnerMedia division through a spinoff that would give shareholders 0.24 share for each AT&T share they own, a move that would complete its retreat from the entertainment business.
Starbucks to hike prices to offset inflation; lowers profit guidance
Starbucks Corp will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases prompted the coffee chain on Tuesday to lower estimates for profits this year.
Chinese human rights activists back bill to crack down on Big Tech, China app market control
Republican Sen. Marsha Blackburn and Democrat Sen. Richard Blumenthal have sent a letter to the Senate Judiciary Committee announcing growing bipartisan support for a bill that would rein in the grip that Big Tech and China have on app markets.
BetMGM, Washington Nationals partner to bring retail to MLB stadium
BetMGM CEO Adam Greenblatt discusses the benefits of 'venue-based betting' on 'The Claman Countdown.'
Labor shortage has Home Depot pushing 'accelerated hiring process'
Home Depot is looking to hire more than 100,000 associates for flexible, full-time and part-time positions in areas including customer service and sales, store support, freight, merchandising and warehouse.
Tom Brady retiring from NFL, will continue to 'build and grow' business empire
The Tampa Bay Buccaneers quarterback's business ventures include NFT platform Autograph, fitness brand TB12sports and his Brady apparel brand.
Super Bowl 2022 commercials: Guy Fieri becomes the mayor of the Land of Loud Flavors in first-ever appearance
Guy Fieri is doing something he surprisingly has never done before: appear in a Super Bowl commercial.
Beijing Olympics: Nike won't say where Team USA's podium uniforms made
Team USA Olympians and Paralympians will be sporting Nike apparel on the winner’s podium at the Beijing Winter Olympics, but the company is staying mum on where the outfits are manufactured.
Antonio Brown's glove from Bucs outburst hits auction block
One piece of Antonio Brown’s viral meltdown is hitting the auction block.
Disney+, HBO Max and other streamers get waves of subscribers from must-see content, but keeping them is hard
Streaming-video services get a surge of subscribers when they launch a hotly anticipated show or movie. But many of these new customers unsubscribe within a few months, according to new data.
American Airlines flight attendant accused of violating mask policy caught in photo
Days after a single mom from Utah said she was thrown off an American Airlines flight because her crying baby wouldn’t wear a coronavirus mask, another traveler shared an image of one of the company’s flight attendants allegedly violating the same policy.
Boeing, Qatar Airways strike deal for 777-8 freighter, 737 Max 10 orders
Monday's announcement covers up to 102 airplanes total with a list price value of approximately $34 billion inclusive of engines.
Fed expected to raise rates 7 times this year to fight inflation, BofA says
Bank of America economists expect the Federal Reserve to hike interest rates at every meeting for the remainder of the year as central bank policymakers look to tackle inflation.
DLE Agency founder on Tom Brady retirement rumors: A lot of moving pieces here
DLE Agency founder Doug Eldridge on Tom Brady retirement rumors and rising young quarterbacks in the NFL.
Sony buying Halo, Destiny video game maker Bungie in $3.6B deal
Sony is jumping into the video-game-making M&A fury.
Meet Bob Jordan: Southwest's incoming CEO
Despite the coronavirus pandemic, staffing issues and supply chain woes, Bob Jordan told customers in a note last week that he is ready for the job.
Conservative groups ask senators to keep app market open
A group of conservative policy organizations sent a letter to U.S. senators Monday asking them to keep the app market open and free from anti-competitive practices.
General Motors CEO Mary Barra took a 'surreal' ride in an autonomous Chevy
GM CEO Mary Barra went for a ride in a Cruise autonomous vehicle this month and said it was "surreal."



















