GM Raises 2025 Outlook as Truck Sales Surge and Tariff Relief Boosts Profits
General Motors increases full-year profit forecast to $12-13B as strong pickup truck sales and Trump administration tariff relief offset EV struggles and market challenges.
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Morgan Stanley Maintains Bullish Stance on Elf Beauty Despite Rhode's Q2 Miss
Morgan Stanley analyst remains confident in Elf Beauty's growth despite Rhode brand's lower-than-expected June quarter revenue, citing strong September Sephora launch and maintaining $170 target.
L'Oréal Acquires Kering Beauty for $4.66B: What It Means for the Luxury Market
L'Oréal buys Kering Beauty for $4.66B, gaining Creed and 50-year licenses for Gucci, Balenciaga beauty products. Coty faces major headwind losing Gucci brand.
iPhone 17 Launch Exceeds Expectations with 14% Sales Surge
Apple's iPhone 17 outsells iPhone 16 by 14% in first 10 days despite no AI upgrades. Strong demand in China for base model, US consumers favor Pro Max with carrier deals.
Mizuho Downgrades Rivian Stock on Slowing EV Demand
Mizuho cuts Rivian rating to Underperform with $10 price target, citing expiring tax credits, weak EV demand, and lower 2026 delivery forecasts amid market headwinds.
White House to Extend Tariff Relief for US Automakers: What You Need to Know
The White House will extend tariff relief for US carmakers by five years, helping Ford, GM, and others reduce costs from Trump's import duties on auto parts and vehicles.