Financial performance

GM Says Unfinished Cars to Hurt Quarterly Results

GM Says Unfinished Cars to Hurt Quarterly Results

general motors Co. said it made about 95,000 vehicles without certain semiconductors and other parts and had to put the cars aside rather than send them to dealers, hurting its second-quarter results. The company said the impact on wholesale vehicle deliveries would affect second-quarter net profit, which it now expects to be between $1.6 billion …

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Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Robinhood Markets struggled to handle large stock trading volumes and fell out with its biggest client, market-maker Citadel Securities, during the week of January 2021 when meme stocks exploded, according to a report by the Democratic staff of the House Financial Services Committee. Camera. The committee held hearings in February 2021, questioning the CEOs of …

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NBCUniversal, Google Compete to Help Netflix Develop Ad-Backed Tier

NBCUniversal, Google Compete to Help Netflix Develop Ad-Backed Tier

Comcast NBCUniversal Corp. and Alphabet Google has emerged as the top contenders to work with Netflix and helping the streaming company create an ad-supported tier of its service, according to people familiar with the matter. Netflix, which hopes to boost revenue by selling ads around its programming, is still in the early stages of developing …

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