GM profits rise despite strike and EV shift
General Motors posted 2023 net income above $10 billion with revenue near $172 billion, aided by a $12.25k profit share for about 45,000 UAW members. The company plans to revive some plug-in hybrid models as EV demand slows and targets a modest earnings uptick for 2024.
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Job Openings and Markets Signal Resilient U S Economy
December job openings rose to 9.0 million from 8.9 million while layoffs grew and quits fell to near January 2021 lows. Fed rate hikes capped by 5.4 percent have cooled hiring yet employment remains robust with 2.7 million jobs added in 2023 and analysts forecasting 177,000 more in January. Alphabet, Nasdaq, and UPS actions underscore mixed market signals as revenue, cost cuts, and corporate strategy shape earnings outlooks.
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