New GM Division to Make EV Chargers
General Motors, which plans to go almost entirely electric by 2035, is creating a new energy division that will produce chargers for electric vehicles, as well as solar panels and other energy-related technology for homes and businesses.
Home Depot Posts Record Profit, Revenue
Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes.
Broadcom to Buy VMware for $61 Billion
Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncertainty.
Home Depot Overcomes Slow Start to Year, Rising Home Prices
Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.
Elon Musk to Join Twitter’s Board
Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9% stake in the social media platform.
Caterpillar Pushes Through Supply Constraints in Strong Q4
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.
Profitable Exxon, Chevron Emerge as Global Economy Rebounds
ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.
Home Depot Sales Climb, but Remodeling Frenzy May Be Cooling
Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.
Caterpillar 2Q Revenue Up on Higher Equipment Demand
Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.
Lordstown Motors’ Rough Road Continues as CEO, CFO Depart
The top two executives at Lordstown Motors have resigned from the Ohio electric truck startup as problems at the company continue to mount.