Stocks

GM CFO Paul Jacobson said in a call with reporters that the automaker expects its electric vehicle operations will begin returning variable profit by the second half of the year.

The purchase was part of the TASE's secondary offering of 18.5% of its shares, in which it sold 17.2 million shares at 20.60 shekels per share for 353.4 million shekels ($95 million).

GE said the aerospace business, which makes engines for jets of Boeing and Airbus, is expected to report $6 billion to $6.5 billion in adjusted operating profit in 2024.

The largest U.S. lender has benefited from its acquisition of failed First Republic Bank in May that brought in billions of dollars of loans and bolstered its net interest income.

The U.S. lender posted net income of $3.1 billion, or 35 cents a share, for the three months ended Dec. 31. That compares with $7.1 billion, or 85 cents a share, a year earlier.

FIRST ON FOX: Nearly two dozen Republican-led states are joining forces to oppose a Biden administration proposal aiming to create a new corporate taxonomy for environmentalists.

The S&P 500 and Dow Jones Industrial Average are riding into 2024 with fresh highs and optimism that stocks can keep climbing into the new year.

Stocks rallied during trading Tuesday after the Christmas weekend, pushing the S&P 500 up more than 20 points as it approached record levels.

Explore how the holiday season affects the stock market: reduced trading, year-end shifts, and festive sentiments influencing investor behavior.

The company laid out a $2 billion cost-saving plan on Thursday and said it was adopting a "more prudent approach" to planning for the rest of the year.

FIRST ON FOX: Nearly two dozen state financial officers are calling on the Securities and Exchange Commission to halt regulations impacting U.S. natural resources.

The Dow Jones Industrial Average roared to a new all-time high, surpassing 37,000 after Federal Reserve Chairman Jerome Powell said policymakers have nearly licked inflation.

Etsy shares fell Wednesday after the global online marketplace announced it is laying off 11% of its employees and shaking up leadership as part of a restructuring plan.

Hamas likely reaped massive windfall while betting against Israeli stocks in the days before the Oct. 7 attacks by the terrorist group, a report claims.

JPMorgan Chase analysts warned in a new note to clients that the stock market faces more pain in 2024, projecting the S&P 500 will fall 8% by year's end.

Uber CEO Dara Khosrowshahi and his investors are celebrating the ride-sharing giant's latest milestone: being chosen as one of the S&P 500's newest members.

Stock options can potentially earn employees a lot of money if a company is successful. Here's all you need to know before making the investment.

General Motors wants to give its shareholders a bigger return in 2024, announcing a $10 billion accelerated share repurchase program now that the labor strikes have settled.

Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.

Chinese fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter.