Investors Focus on Costs of New Labor Contract as GM Reports Earnings
General Motors’ first-quarter earnings are coming Tuesday morning. Investors will want to see progress offsetting higher wages following the 2023 labor negotiations with the United Auto Workers Union. For the first quarter, Wall Street is looking for earnings per share of $2.12 and an operating profit of $3.1 billion from sales of $42.1 billion. A
The Fed’s High Interest Rates Are Helping Pension Funds Close the Gap
This is commentary by Allan Sloan, an independent business journalist and seven-time winner of the Loeb Award, business journalism’s highest honor. We hear lots of talk about the problems that high interest rates have been causing since the Federal Reserve began jacking up rates two years ago. We also hear endless talk from people waiting