Author: Daniel snow

[ad_1] UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletGeneral Motors said Tuesday it will move production of a gas-powered SUV to an assembly plant in Michigan and add manufacturing of pickup trucks in its home state.”GM will begin production of the Cadillac Escalade, as well as the Chevrolet Silverado and GMC Sierra light duty pickups at Orion Assembly in early 2027 to help meet continued strong customer demand,” the Detroit automaker said in a statement.   The…

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[ad_1] Portland Fire’s new logo and the return of its original team name.Courtesy: Portland Fire | WNBAPortland’s WNBA expansion team on Tuesday unveiled its new branding and name — the Portland Fire — a rekindling of the city’s previous WNBA team that played from 2000 to 2002.The new logo features a rose on fire, a reference to Portland’s nickname as the “Rose City,” merged with the “unrelenting intensity of flame,” according to a release by the WNBA. The team colors are red, brown, blue and pink.”As a city that has long championed women’s sports, Portland is ready to reclaim its…

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[ad_1] Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were mostly lower on Tuesday despite a rally in Club name Nvidia and other chip stocks. Bond yields were spiking in reaction to the June consumer price index, which rose in line with estimates, and profit-taking in financials following the first round of second-quarter earnings reports. We think the selloffs in Club names BlackRock and Wells Fargo were overdone, but recognize it could take a couple of…

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[ad_1] Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC.Chip Somodevilla | Getty ImagesThe U.S. House failed Tuesday to clear a key procedural hurdle that would have cleared the way for votes in the lower chamber on several crypto-related bills.The failed vote delivers a major blow to to the crypto industry, which was hoping for a series of legislative wins this week — which had been billed as “Crypto Week.”The final vote was 196-223, with 13 Republicans voting with Democrats to block the procedural motion, NBC News reportsThis is breaking news. Please refresh for updates.…

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[ad_1] Roughly 8 million federal student loan borrowers will soon see their debt balances start growing again.Borrowers who enrolled in the Saving on a Valuable Education income-driven repayment plan introduced by former President Joe Biden have been in an interest-free forbearance for about a year. But interest will resume accruing on those loans on Aug. 1, the Department of Education announced on July 9.The move is to comply with a federal court injunction and help bring “fiscal responsibility to the federal student loan portfolio,” the department said in its statement.Here’s what borrowers need to know.Why SAVE borrowers have been in…

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[ad_1] Jim Cramer says investors are getting excited again about the industrial data center trade after a series of new AI-related investments and major developments. “You can go back to these stocks,” Jim said Tuesday, naming Eaton and Dover as top industrial artificial intelligence plays. We don’t have to go back in for the Club because we never left them. In fact, on Monday, we added to our Dover position. “You want to be there … because the building is continuing,” Jim said Tuesday, referring to demand for data center infrastructure and power solutions. “I just feel like, wow, it’s…

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