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The stock-market impact of millennial investors has been overblown as trading volumes decline — and it's actually the older crowd who's exerted more influence, JPMorgan says

Reuters / Lucas Jackson Older retail investors were "partly responsible" for the market's price swings through October and November, while younger traders played "a rather modest role," JPMorgan strategists said Tuesday.While the younger group tends to invest in individual stocks and options, the older cohort more often uses funds to invest.Older investors have been selling equity funds and buying bond funds through most of 2020, acting as a drag on the stock market, the bank said.Retail i...
Tags: US, Trends, Markets, Gm, Warren Buffett, Goldman Sachs, New York Stock Exchange, Nyse, Market Research, Rbc, Jpmorgan, Charles Schwab, Leon Cooperman, Nikolaos Panigirtzoglou, Ben Winck, Analyst Note


The stock-market impact of millennial investors has gotten overblown amid declining trading volumes — and it's actually the older crowd that's exerted more influence, JPMorgan says

Reuters / Lucas Jackson Older retail investors were "partly responsible" for the market's price swings through October and November, while younger traders played "a rather modest role," JPMorgan strategists said Tuesday.While the younger group typically invests in individual stocks and options, the older cohort more often uses funds to invest.Older investors have been selling equity funds and buying bond funds through most of 2020, according to the bank. This activity has acted as a drag o...
Tags: US, Trends, Markets, Gm, Warren Buffett, Goldman Sachs, New York Stock Exchange, Nyse, Market Research, Rbc, Jpmorgan, Charles Schwab, Leon Cooperman, Nikolaos Panigirtzoglou, Ben Winck, Analyst Note


GM To Leverage Customer Data In New Insurance Business

General Motors has launched a new insurance service that will leverage the data captured through its OnStar connected car service, ultimately helping drivers cash in on lower insurance rates based on safe driving habits. From a report: OnStar Insurance Services has been created to achieve a better understanding of the vehicles GM produces, in order to offer a personalized digital insurance experience for drivers. The service is currently working with its insurance carrier partners to remove bias...
Tags: Tech, General Motors, Arizona, Gm, OnStar Insurance, OnStar Insurance Services


GM is Paying Cadillac Dealers to Ditch the Brand

Cadillac dealers disinclined to spend a sackful of money on revamping their businesses to sell and service electric vehicles received some moderately good news this month. General Motors is willing to issue them fat stacks of cash for stores that cannot rationalize the sizable expense of installing charging stations, training staff, and retooling the garage. […] The post GM is Paying Cadillac Dealers to Ditch the Brand appeared first on The Truth About Cars.
Tags: General Motors, Electric Vehicles, Gm, Autos, EVs, Auto Sales, Cadillac, Dealerships, News Blog, Dealer News, Car Dealer, Automotive Dealership


Nikola dives 17% after CEO offers murky commentary on GM deal ahead of December 3 deadline

Nikola Nikola tumbled as much as 17% on Wednesday after the company's CEO failed to soothe investor concerns around its $2 billion partnership with General Motors.Chief executive Mark Russell said on that talks with GM are ongoing. The companies have until December 3 to reach an agreement before either party can leave the partnership.Russell also stopped short of guaranteeing that founder and former chairman Trevor Milton won't dump his Nikola shares once his lock-up period ends on Decem...
Tags: California, Trends, General Motors, Mary Barra, Gm, Biden, Trump, Rbc, Morningstar, Milton, Russell, Mark Russell, Nikola, Trevor Milton, Ben Winck, Emma Powell


Nikola dives 15% after CEO offers murky commentary on GM deal ahead of December 3 deadline

Nikola Badger. Nikola Nikola tumbled as much as 15% in early Wednesday trading after the company's CEO failed to soothe investor concerns around its $2 billion partnership with General Motors.Chief executive Mark Russell said on that talks with GM are ongoing. The companies have until December 3 to reach an agreement before either party can leave the partnership.Russell also stopped short of guaranteeing that founder and former chairman Trevor Milton won't dump his Nikola shares once his ...
Tags: UK, California, US, Trends, General Motors, Mary Barra, Gm, Biden, Trump, Milton, Russell, Mark Russell, Nikola, Trevor Milton, Ben Winck, Wall Street Journal Nikola


Whicker: Angels’ pitching mess caused by many whiffs in the draft

The Dodgers weren’t the only history-makers this fall. The Angels wrapped up their fifth consecutive sub-.500 season. Regardless of how you view the 60-game hors d’oeuvre, they never had done that before. In related news, the Angels were 13th in the American League in run prevention. They have been 10th or worse four times in the past seven seasons. In WHIP (walks and hits per innings pitched), the Angels have been eighth or worse five times in the past eight seasons. In other related news, the ...
Tags: Angels, Sports, Atlanta, Sport, Soccer, Gm, San Diego, Mlb, Houston, Cleveland, Giants, Baltimore, Caribbean, Los-angeles-angels, Louisville, Tampa Bay


Jason Sakurai, News Contributor: Who Am I?

I, Jason R. Sakurai, literally grew up in a dealership, with a father that nurtured my automotive interests. Following grad school, I was recruited by General Motors, leaving Phoenix for the Motor City. Managing 21 dealerships in GM’s San Francisco Zone, I later moved to Nissan, and then Mazda. Eschewing corporate life, I sold ad […] The post Jason Sakurai, News Contributor: Who Am I? appeared first on The Truth About Cars.
Tags: News, General Motors, Gm, Autos, Nissan, Housekeeping, Phoenix, Mazda, News Blog, TTAC, News Contributor, Jason Sakurai, Jason R Sakurai, Motor City Managing, San Francisco Zone


Dodgers Q&A: On Arenado, Estevez, Lindor, Turner, and more

Editor’s note: This is the Tuesday, Nov. 24 edition of the Inside the Dodgers newsletter from reporter J.P. Hoornstra. To receive the newsletter in your inbox, sign up here. The off-season news hit a natural, expected lull over the weekend. I figured it was time for my first question-and-answer newsletter since … 2018? (I’ve seriously lost track of time. Send help.) When I solicited questions on Twitter Monday, I quickly realized the answers were better served across multiple newsletters. Cons...
Tags: Sports, Los Angeles, Sport, War, Soccer, Arizona, Gm, Mlb, Denver, Los Angeles Dodgers, Turner, Rockies, Jackie Robinson, Lux, National League, Dodgers


Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Nikola Badger. Nikola Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts to bar California from setting its own emissions regulations. California's authority to set its own fuel regulations will likely boost the EV industry, as will GM's new plan to increase spending on EVs and work with Biden to promote the industry. Investors are also speculating that Nikola and GM are close to reaching ...
Tags: California, Trends, General Motors, Markets, Bloomberg, Joe Biden, Electric Vehicles, Mary Barra, Gm, Biden, EVs, Wall Street Journal, Trump, Barra, Nikola, Electric Truck


Biden introducing his national security team

By MATTHEW LEE and ALEXANDRA JAFFE | Associated Press WILMINGTON, Del. — President-elect Joe Biden is set to introduce his national security team to the nation as he taps Obama administration alumni and other public-service veterans, signaling a shift from the Trump administration’s “America First” policies and a return to U.S. global engagement. Members of that team are slated to join Biden and Vice President-elect Kamala Harris in person in Wilmington, Delaware, on Tuesday afternoon, where the...
Tags: Florida, Politics, News, Obama, California, Washington, Senate, America, Barack Obama, Atlanta, Sport, Joe Biden, Iran, Syria, Indiana, Soccer


GM Switches Sides in the Gas War, Joins California/Biden

General Motors has changed its mind on backing the Trump administration’s effort to supplant Obama-era emission regulations with something more manageable and prohibit California from setting its own emissions rules. Of course, the coastal rules aren’t really just for California — it desperately wants to export them to the rest of the country and has made […] The post GM Switches Sides in the Gas War, Joins California/Biden appeared first on The Truth About Cars.
Tags: Obama, California, Government, General Motors, Joe Biden, Regulation, Mary Barra, Gm, Autos, Donald Trump, Trump, News Blog, Gas War, Fuel Rollback, California Biden


Biden transition is OK’d to start as Trump runs out of options

By ZEKE MILLER, DAVID EGGERT and COLLEEN LONG | Associated Press WASHINGTON — The federal government recognized President-elect Joe Biden as the “apparent winner” of the Nov. 3 election, formally starting the transition of power after President Donald Trump spent weeks testing the boundaries of American democracy. Trump relented after suffering yet more legal and procedural defeats in his seemingly futile effort to overturn the election with baseless claims of fraud. Trump still refused to conce...
Tags: Politics, News, Congress, California, Washington, Senate, White House, New York City, Atlanta, Sport, Joe Biden, Soccer, Pennsylvania, Gop, Gm, Wisconsin


Snapchat sets sights on TikTok with Spotlight, and retailers prep for bleak Friday: Tuesday Wake-Up Call

Plus, Goodby, Silverstein & Partners is back in NYC, a new study exposes fake news and GM changes its tune.
Tags: Advertising, Gm, Goodby Silverstein Partners


GM withdraws support for Trump lawsuit seeking to roll back auto emissions rules

In a letter to environmental groups, General Motors announced it was withdrawing its support from Trump administration litigation that aimed to take away California's right to set its own auto emissions rules.
Tags: News, California, General Motors, Gm, Stories, Trump


GM to recall 6 million vehicles in U.S. over Takata airbag issue

General Motors (GM) is set to recall 5.9 million vehicles in the U.S. to replace potentially dangerous Takata airbag inflators.
Tags: News, Cars, Trends, General Motors, Recall, Gm, Takata, Nhtsa, General Motors GM, Takata Airbags, Breaking Twitter


GM dumps Trump in his attempt to bar California from setting emissions

GM urges other carmakers to withdraw support of the Trump administration's attempt to bar California from setting its own emission rules.         [Author: Detroit Free Press]
Tags: News, California, Gm, Trump, Detroit Free Press


GM To Recall 7M Vehicles Globally To Replace Exploding Takata Air Bags

DETROIT (AP/CBS13) — General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata airbag inflators. The announcement came Monday after the U.S. government told the automaker it had to recall 6 million of the vehicles domestically. GM says it will not fight the decision, even though it believes the vehicles are safe. It will cost the company an estimated $1.2 billion, about one-third of its net income so far this year. The automaker had p...
Tags: Business, News, California, Sacramento, General Motors, Tesla, Ap, Gm, Autos, South Sacramento, Product Recall, Cbs, Takata, Donald Trump, Detroit, Flores


GM withdraws support for Trump lawsuit seeking to roll back auto emissions rules

In a letter to environmental groups, General Motors announced it was withdrawing its support from Trump administration litigation that aimed to take away California's right to set its own auto emissions rules.
Tags: California, General Motors, Cnn, Gm, Trump


GM dumps Trump to side with California in emissions rules fight

General Motors is changing sides in a battle over whether states — and specifically California — can set tailpipe emissions regulations and other rules meant to mitigate climate change that are stricter than the federal government. The automaker said Monday it will no longer back the Trump Administration’s lawsuit to prevent California from setting its own rules, Reuters reported. CEO Mary Barra reportedly sent a letter to several environmental groups stating that the automaker was “immediately...
Tags: Obama, California, America, Tech, General Motors, Joe Biden, Automotive, Ford, Mary Barra, Gm, Toyota, Volkswagen, Fiat Chrysler, Trump, Reuters, Air Resources Board


GM Flips Sides With California In Pollution Fight With Trump

DETROIT (AP/CBS13) — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its own clean-air standards. CEO Mary Barra said in a letter Monday to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. She said the company agrees with President-elect Joe Biden’s plan to expand electric vehicle use.  In a tweet on Monday, Barra said GM is the process of transitioning to an “all-electric p...
Tags: Business, Politics, Obama, California, White House, California News, Sacramento, Barack Obama, General Motors, Joe Biden, Ap, Ferrari, Mary Barra, Gm, Autos, South Sacramento


Biden picks ex-Fed chair Janet Yellen as treasury secretary

By CHRISTOPHER RUGABER and MICHAEL BALSAMO | AP Economics Writer WASHINGTON — President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen to serve as treasury secretary, a pivotal role in which she would help shape and direct his economic policies at a perilous time, according to a person familiar with the transition plans. Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamil...
Tags: Business, Politics, News, Congress, California, Washington, Kentucky, Senate, Georgia, Sport, Joe Biden, Economy, Soccer, Gop, Bill Clinton, Gm


GM to recall 7M vehicles to replace Takata air bags

By Tom Krisher | The Associated Press General Motors will recall about 7 million big pickup trucks and SUVs worldwide to replace potentially dangerous Takata air bag inflators. The announcement came Monday after the U.S. government told the automaker it had to recall 6 million of the vehicles in the U.S. GM says it will not fight the decision, even though it believes the vehicles are safe. It will cost the company an estimated $1.2 billion, about one third of its net income so far this year. The...
Tags: Sport, Soccer, Gm, Takata, Donald Trump, Flores, Nhtsa, Northrop Grumman, National Highway Traffic Safety Administration, Dan Flores, Center for Auto Safety, U S GM, TOM KRISHER, Jason Levine, Associated Press General Motors, Chevrolet Suburban Tahoe


GM recalling 7 million vehicles for airbag problems after losing fight with safety regulator

GM is recalling 7 million pickups and SUVs worldwide with airbags made by the same manufacturer whose airbags are linked to at least 17 deaths in the United States.
Tags: Cnn, Gm


GM reverses on Trump, exits suit challenging California's tougher emissions standards

The upcoming change in administrations has led to a change of heart for one of the nation’s largest automakers.
Tags: California, Gm, Trump


General Motors drops support for Trump in pollution fight, says it backs goals of president-elect

GM CEO Mary Barra said in a letter to environmental groups that the company agrees with President-elect Joe Biden’s plan to expand electric vehicle use.
Tags: General Motors, Joe Biden, Mary Barra, Gm, Trump


GM flips to California’s side in pollution fight with Trump

By TOM KRISHER | AP Auto Writer DETROIT — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its own clean-air standards. CEO Mary Barra said in a letter Monday to environmental groups that GM will pull out of the lawsuit, and it urges other automakers to do so. She said the company agrees with President-elect Joe Biden’s plan to expand electric vehicle use. Last week, GM said it is testing a new battery chemistry that will br...
Tags: Business, Politics, News, Obama, California, Environment, Barack Obama, General Motors, Sport, Joe Biden, Soccer, Coalition, Mary Barra, Gm, Autos, Volkswagen


GM drops out of Trump’s lawsuit against California’s emission rules in suspiciously opportunistic move

GM announced today that it dropped out of litigation the Trump administration launched against California over the state’s effort to...
Tags: California, Gm, Trump


GM to recall 7 million trucks, SUVs to replace Takata air bags

The air bag recall covers GM full-size pickup trucks and SUVs from the 2007 through 2014 model years, including the Chevrolet Silverado 1500, 2500 and 3500 pickups.
Tags: Gm, Takata


GM Recalling Nearly 6 Million Vehicles Over Eternal Takata Scandal

As sure as the sun rises in the morning, we can always count on the Takata airbag recall adding new vehicles to its ranks. General Motors is poised to add another 5.9 million vehicles to the list after the National Highway Traffic Safety Administration issued an announcement on Monday. Regulators stated that the automaker will […] The post GM Recalling Nearly 6 Million Vehicles Over Eternal Takata Scandal appeared first on The Truth About Cars.
Tags: General Motors, Avalanche, Recalls, Airbags, Gm, Autos, Takata, Tahoe, Chevrolet, Nhtsa, Chevrolet Silverado, Suburban, National Highway Traffic Safety Administration, GMC Sierra, Cadillac Escalade, News Blog