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Wire

Update: Ford's Top Aluminum Supplier Restarts New York Plant After Fires

(Updates with Novelis' statement in the first and second paragraphs.)Ford Motor's (F) top aluminum supplier, Novelis, said Wednesday it has restarted its aluminum-rolling plant in New York."Restarting the Oswego hot mill is an important step forward for our operations and, most importantly, for our customers," Novelis President and Chief Executive Steve Fisher said in a statement. "We are deeply grateful for the flexibility and partnership our customers have shown, as well as the extraordinary efforts of our employees, suppliers and industry peers who came together to support continuity of supply."The Wall Street Journal earlier reported the news.The plant, which also serves General Motors (GM), Stellantis (STLA) and some foreign automakers with US production facilities, resumed the plant's operations after fires that caused a supply shock for the auto industry, WSJ reported.Ford didn't immediately reply to a request for comment from.Price: $14.66, Change: $-0.27, Percent Change: -1.81%

$F$GM$STLA
Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.In corporate news, Walmart (WMT) investors voted against a proposal asking the retailer to report on how its use of AI is affecting worker well-being, Reuters reported, citing preliminary voting results from the shareholder meeting. The shareholder proposal was filed by United for Respect, the report said. Walmart shares were up 0.5%.General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported, citing Rashed Haq, GM's vice president of autonomous vehicles. GM shares were up 1.9%.Costco (COST) shares rose 0.8% after the company reported net sales of $24.01 billion in May, up from $20.97 billion a year earlier.Hyatt Hotels (H) shares climbed 1.8% after HSBC upgraded the stock to buy from hold with a price target of $212 per share.

$COST$GM$H$WMT
Sectors

Sector Update: Consumer

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) decreasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.In corporate news, General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported, citing Rashed Haq, GM's vice president of autonomous vehicles. GM shares were up 1.6%.

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Wire

Market Chatter: General Motors Rehires Over 100 Former Cruise Team Members

General Motors (GM) has rehired more than 100 members of its Cruise unit's team 18 months after killing off the self-driving vehicle unit, The Information Electric reported Thursday, citing Rashed Haq, GM's vice president of autonomous vehicles.The hiring spree, which also includes workers hired away from Nvidia (NVDA), Uber Technologies (UBER) and Amazon's (AMZN) Zoox, reflects the company's move toward self-driving cars for consumers' personal use and away from the driverless ride-hailing business, Haq said, according to the report.The reconstituted group's first project will be an electric Cadillac that allows the driver to operate the car on highways while not touching the wheel or watching the road, the report said. GM plans to release it in 2028, with additional models to follow, the report added.GM didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $83.50, Change: $+1.80, Percent Change: +2.20%

$AMZN$GM$NVDA$UBER
Wire

General Motors Rehires Over 100 Former Cruise Team Members, The Information Reports

General Motors Rehires Over 100 Former Cruise Team Members, The Information Reports

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Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 2%.In corporate news, the United Auto Workers has called a strike at a Michigan factory owned by Dauch (DCH), a supplier of axles and driveline components for General Motors (GM) pickup trucks. GM shares were down 0.5%, and Dauch fell nearly 5%.MGM Resorts International (MGM) shares jumped past 16% after the firm confirmed that it received an offer from People Inc. (IAC) to acquire all MGM shares that it does not already own for $48.30 per share in cash.Taylor Morrison Home (TMHC) shares surged 22% after the homebuilder agreed to be acquired and taken private by conglomerate Berkshire Hathaway (BRK.A, BRK.B) in an all-cash deal with an equity value of about $6.8 billion.Winnebago Industries (WGO) shares fell 2% after Northcoast downgraded the stock to neutral from buy.

$DCH$GM$MGM$TMHC$WGO
Sectors

Sector Update: Consumer

Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.8%.In corporate news, the United Auto Workers has called a strike at a Michigan factory owned by Dauch (DCH), a supplier of axles and driveline components for General Motors (GM) pickup trucks. GM shares were down 0.2%, and Dauch fell 5%.

$DCH$GM
Wire

Update: UAW Calls Strike at Key GM Supplier Plant in Michigan

(Updates with statement from Dauch in the sixth paragraph).The United Auto Workers has called a strike at a Michigan factory owned by Dauch (DCH), a supplier of axles and driveline components for General Motors (GM) pickup trucks.The union said that about 1,000 unionized workers at the Michigan plant were set to walk off the job at midnight Sunday after contract talks failed to produce an agreement.The UAW said it is seeking higher wages as workers accepted significant pay cuts to help keep the plant operating during the 2008 financial crisis.According to the union, top wages at the facility currently reach $22 per hour after a five-year progression, compared with as much as $29 per hour in 2008.General Motors said in an emailed statement Monday that it is "closely monitoring" the labor dispute at Dauch's Three Rivers plant and assessing any potential impact on its operations.In a statement released on the London Stock Exchange, Dauch confirmed that it had not yet agreed on the terms of a new collective bargaining agreement with the union.Price: $81.92, Change: $-1.32, Percent Change: -1.59%

$DCH$GM
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks were lower late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.7%.In corporate news, SiriusXM's (SIRI) discussions over a possible acquisition of iHeartMedia (IHRT) have hit an impasse after the two sides were unable to come to terms, The New York Times Dealbook reported. iHeartMedia shares dropped 13%, and SiriusXM fell 1.7%.Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.2%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1%.International Flavors & Fragrances (IFF) shares shed 1.8% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.

$COST$GM$IFF$IHRT$SIRI
Sectors

Sector Update: Consumer Stocks Decline Friday Afternoon

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In sector news, the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US, The Wall Street Journal reported. The pact currently requires 75% of a vehicle's materials to come from North American sources but has no US-specific quota, the report said.In corporate news, Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.3%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1.3%.International Flavors & Fragrances (IFF) shares added 0.6% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported. McCormick shares rose 1.8%.

$COST$GM$IFF$MKC
Wire

Market Chatter: GM-LG Battery Firm in Ohio Delays Return of Workers

General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported Friday, quoting unnamed sources and an internal announcement sent to employees.Employees at the Ultium Cells plant in Warren, Ohio, which is jointly owned by GM and LG Energy Solution, were now told they will start returning to work in August, the report said.Workers at the plant have been out of work since January, when they were told they would return in June, Reuters reported.Ultium Cells and GM didn't immediately respond to requests for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $84.21, Change: $-0.14, Percent Change: -0.17%

$GM
Insider Trading

General Motors Insider Sold Shares Worth $37,192,225, According to a Recent SEC Filing

Mary T Barra, Director, Chair & Chief Executive Officer, on May 26, 2026, sold 453,402 shares in General Motors (GM) for $37,192,225. Following the Form 4 filing with the SEC, Barra has control over a total of 592,242 common shares of the company, with 592,242 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000149215426000009/xslF345X05/wk-form4_1780006114.xml

$GM
Insider Trading

General Motors Insider Sold Shares Worth $3,200,000, According to a Recent SEC Filing

Paul A Jacobson, Executive Vice President & Chief Financial Officer, on May 26, 2026, sold 40,000 shares in General Motors (GM) for $3,200,000. Following the Form 4 filing with the SEC, Jacobson has control over a total of 425,675 common shares of the company, with 425,675 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1467858/000154365526000008/xslF345X05/wk-form4_1780006026.xml

$GM
Sectors

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported. The cuts will impact around 500 to 600 workers, the report said. GM shares were down 4.6%.Texas Attorney General Ken Paxton said Monday he has sued Netflix (NFLX) for allegedly spying on Texans by collecting users' data without their consent or knowledge. Netflix shares fell 2.6%.Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney CEO Josh D'Amaro, The Wall Street Journal reported. Disney shares were down 3.2%.Fox (FOXA, FOX) reported a surprise increase in quarterly earnings on Monday, while the media company's revenue topped estimates amid distribution growth. Its Class A shares rose 7.7%, and the Class B shares climbed 8.3%.

$DIS$FOX$FOXA$GM$NFLX
Sectors

Sector Update: Consumer

Consumer stocks fell late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported. The cuts will impact around 500 to 600 workers, the report said. GM shares were down 4.2%.

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Wire

Market Chatter: General Motors to Cut Hundreds of IT Jobs

General Motors (GM) plans to cut hundreds of jobs in its information technology department in an effort to reduce costs, Bloomberg reported Monday, citing people familiar with the matter.The cuts will impact around 500 to 600 workers, the people reportedly told Bloomberg. Management started notifying affected workers on Monday morning, the report said, citing the people.General Motors didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $75.77, Change: $-3.04, Percent Change: -3.85%

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Wire

General Motors to Slash Hundreds of IT Jobs, Bloomberg Reports

General Motors to Slash Hundreds of IT Jobs, Bloomberg Reports

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Wire

General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

General Motors (GM) is confident in its 2026 guidance despite an elevated risk profile due to the Middle East conflict, Wedbush said in a Monday research report.The company is also advancing toward its margin expansion goals with the digital strategy still underappreciated in the company's growth story, analysts wrote.General Motors has demonstrated it can execute on cost management, and is positioned to leverage its broad-based portfolio by capitalizing on low-cost vehicle profitability, according to the note.The company expects its high-speed self-driving system to be among the safest systems in 2028, as it builds on software-defined architecture designed to boost capacity for "highly central control" of functions, according to Wedbush.A key differentiator is the company's ability to train foundation models with effectively free data, given its access to years of broad-based data, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and price target of $95 per share.Price: $76.30, Change: $-2.50, Percent Change: -3.17%

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Wire

Update: General Motors Recalls Certain Brake, Clutch Fluid Containers Over Safety Issues

(Updates to add General Motors' statement throughout and remove market chatter tag)General Motors (GM) is voluntarily recalling certain containers of ACDelco GMW DOT 3 brake and clutch fluid that may not adhere to Federal Motor Vehicle Safety Standards, the company said in a Thursday statement to."GM dealers and ACDelco's direct purchasers will remove any remaining stock from the suspect lot number," the automaker said. "Customer satisfaction is a top priority for the GM team, and we're resolving this matter as quickly as possible."The statement came in response to a request for comment on a report by Reuters, citing the National Highway Traffic Safety Administration, that the company recalled 40,440 of its vehicles in the US due to the presence of sediment in the brake fluid.However, GM toldthat the recall wasn't related to vehicles and that about 40,400 bottles are impacted.Price: $78.48, Change: $-0.22, Percent Change: -0.28%

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Wire

Market Chatter: Honda Motor Halts Canadian EV Plant Plans Amid Weak US Demand

Honda Motor (HMC) is pausing its plans to construct an electric vehicle manufacturing facility in Canada amid weak US demand, Nikkei Asia reported Tuesday, citing sources.The automaker, which initially intended to invest 15 billion Canadian dollars ($11 billion) in the site and a battery factory, has suspended the project indefinitely and initiated discussions with the Canadian government, the news outlet reported.Honda will also cease production of its Prologue electric vehicle, developed alongside General Motors (GM), in H2, leaving its US portfolio temporarily without any electric models, according to the report.The company plans to reduce its 7 trillion-yen ($44.34 billion) global electrification investment goal for 2030 and repurpose its Ohio manufacturing operations, including a battery joint venture with LG Energy Solution, to focus on hybrid and gasoline vehicles, Nikkei Asia noted.Honda did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $24.18, Change: $+0.32, Percent Change: +1.34%

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