News

DETROIT (Reuters) -GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and the union representing workers there said. The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor, the union representing the workers. GM said it was making "operational and employment adjustments to balance inventory and align production schedules with current demand," at the CAMI Assembly plant where it makes Chevrolet BrightDrop electric vans.

President Trump's unpredictable trade policies have pushed stock volatility up to its highest level in years, creating substantial uncertainty and, some say, opportunity on Wall Street.

U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by seven to 583 in the week to April 11, the biggest weekly decline since June 2024. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.

Cox Automotive, the parent company of Autotrader, reported that more than 13,000 used Teslas were up for sale in the final week of March.

Dogecoin (CRYPTO: DOGE) is one of the most popular meme coins today with a market cap of $24 billion. Is now the time to load up on Dogecoin? There's one number I track regularly to gauge how attractive Dogecoin is for aggressive long-term investors looking for maximum growth.

The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains throughout the morning, as investors digested a slew of bank earnings and China hiked tariffs on U.S. goods.

Masters patrons infamously aren’t allowed to bring cell phones to Augusta National.

The crypto market has rebounded after Trump announced a 90-day pause on some tariffs.

“There’s been a sharp decline in consumer sentiment, and business sentiment measures have weakened too,” New York Federal Reserve Bank President John Williams said.

Trump signs first crypto law, repealing IRS DeFi rule that critics say threatened privacy and innovation in the U.S.