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General Motors Q2 earnings rise 52% on strong sales, prices and automaker raises outlook for 2023

Published Tue, 05 Nov 2024 10:53:55 GMT

DETROIT (AP) — Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago. Continued strong vehicle sales and pricing, as well as cost cuts, led to the better-than-expected quarter. The Detroit automaker on Tuesday raised its financial guidance for the full year with one qualification: that it can negotiate union labor contracts without a strike. Chief Financial Officer Paul Jacobson told reporters that customers paid about $1,600 more per vehicle last quarter than from January through March — with an average U.S. sale price of $52,000. Discounts and inventory remained flat as the company sold 19% more vehicles than a year ago in the U.S., its most profitable market.“We’ve had an ability and a willingness and a capability to remain disciplined in our pricing and our incentives,” Jacobson said. “So while a lot of our competitors are moving prices around a lot, ours have...

GE HealthCare: Q2 Earnings Snapshot

Published Tue, 05 Nov 2024 10:53:55 GMT

CHICAGO (AP) — CHICAGO (AP) — GE HealthCare Technologies Inc. (GEHC) on Tuesday reported second-quarter earnings of $418 million.The Chicago-based company said it had profit of 91 cents per share. Earnings, adjusted for non-recurring costs, were 92 cents per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.The medical technology company posted revenue of $4.82 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $4.78 billion.GE HealthCare expects full-year earnings in the range of $3.70 to $3.85 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEHC at https://www.zacks.com/ap/GEHCSource

RTD to vote on lowering fares for all destinations expect airport

Published Tue, 05 Nov 2024 10:53:55 GMT

DENVER (KDVR) — Tuesday, RTD will vote on a new proposal that could reduce fares starting in 2024. If passed, the plan would not only reduce the cost of bus and train rides, but it would also level fares across all destinations, with the exception of the Denver International Airport. RTD could lower fares, offer an $88 monthly pass “Public transportation is a means of garnering access and opportunity,” Debra Johnson, RTD’s general manager and CEO, said in a statement. “The operative word in what we do is ‘public,’ and RTD’s goal is to ensure all people within the region have access to transportation.”Currently, RTD divides fares into zones. The new proposal would do away with that system.If passed, this proposal would lower RTD fares for all locations except the airport. (Credit: RTD)If the proposal passes, a local three-hour pass to travel around Denver and to nearby cities would drop from $3 to $2.75, and the day pass would drop from $6 to $5.50.A three-hour and day pass to DIA ...

Denver weather: Near record heat with an isolated storm

Published Tue, 05 Nov 2024 10:53:55 GMT

DENVER (KDVR) — Even with a few extra clouds, highs in the Denver weather forecast will top out in the upper 90s on Monday with the chance for an afternoon storm.Weather today: High heat and a stormWith highs in the upper 90s Monday, Denver will be near the current daily record high of 99 degrees, set in 1963. Ways to save during this week’s heatwave The city will see more sunshine through noon with a brisk wind and the chance for an isolated shower or storm in the afternoon and evening.Pinpoint Weather: Daily forecast on July 25Weather tonight: Mild with clearing skiesWinds become lighter overnight as clouds begin to clear after midnight. Lows will be warm and above average in the middle 60s.Pinpoint Weather: Overnight forecast on July 25Looking ahead: Not as hot, but still warmTemperatures stay above average for the middle of the workweek with highs hitting the lower 90s on Wednesday and Thursday afternoon. Isolated storms are possible during the afternoon and evening hours, b...

Firefighters investigating house fire in Opa-locka

Published Tue, 05 Nov 2024 10:53:55 GMT

Firefighters are investigating a house fire after calls of a blaze in Opa-locka. The incident occurred around 3 a.m. Thursday on Aladdin Street when Miami-Dade Fire Rescue arrived on the scene.People living in the house said they woke up to smoke and rushed out of the home before fire crews arrived. After firefighters extinguished the flames, they had to enter the house again to rescue the family’s Yorkshire Terrier.The damages to the home are unknown but fire officials are working to determine if the building is safe for the family to enter again. Please check back on WSVN.com and 7News for more details on this developing story.

China fires Foreign Minister Qin Gang

Published Tue, 05 Nov 2024 10:53:55 GMT

Chinese Foreign Minister Qin Gang was sacked on Tuesday, according to state media CCTV.Qin had been missing from public view for more than three weeks, fueling speculation about his future. The new foreign minister will be Qin’s predecessor, Wang Yi.The media report didn’t give a reason for the abrupt sacking of Qin, who was close to President Xi Jinping and who only took charge of the foreign ministry in December.This is a developing story.

Boston police investigating early morning Fenway shooting

Published Tue, 05 Nov 2024 10:53:55 GMT

Boston police are investigating an early morning shooting a few blocks from Fenway Park that left one person hospitalized with non-life-threatening injuries.Officers responding to a report of shots fired in the area of 126 Jersey St. around 12:30 a.m. found ballistic evidence and ballistic damage to a vehicle, according to Boston police. A victim later self-admitted to a hospital.No arrests have been made.No additional information was immediately available.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Boston man charged in Stoughton carjacking that ended with crash involving police cruiser

Published Tue, 05 Nov 2024 10:53:55 GMT

Police have announced charges against a Boston man accused of a carjacking in Stoughton that ended with a crash involving a Boston police cruiser. Officers patrolling the area of Horadan Way and Cornelia Court for a vehicle stolen out of Stoughton that was pinging in Boston around 7 p.m. Monday spotted the vehicle and attempted to pull it over, according to Boston police.During the attempt, police say the suspect, later identified as Junior Joseph, 34, accelerated in reverse and hit the marked cruiser.A search of the vehicle allegedly uncovered a Ruger .380 firearm. Joseph was arrested on charges including unlawful possession of a firearm, unlawful possession of ammunition, receiving a stolen motor vehicle, reckless operation of a motor vehicle, operating a motor vehicle with a canceled registration, assault and battery with a dangerous weapon (motor vehicle), and resisting arrest.He is expected to be arraigned in Roxbury District Court.Additional charges are expected to be sou...

Orioles minor league report: From Jackson Holliday to Dylan Beavers to Jud Fabian, a look at how the 2022 draft class is performing

Published Tue, 05 Nov 2024 10:53:55 GMT

A few days still remain before Major League Baseball’s deadline for the Orioles to sign their 2023 draft picks.They’ve agreed to terms with the vast majority of them, including No. 17 overall pick Enrique Bradfield Jr., second-round outfielder Mac Horvath and third-round right-hander Kiefer Lord.Many of those players, most of whom were drafted out of college, will begin their professional careers later this season, but how they perform in their first action is perhaps less important than how they’ll handle next season — their first full year as professionals.Given that, let’s take a look back at the 2022 draft and see how each of the players the Orioles selected and signed last summer are performing so far this year.Shortstop Jackson Holliday (Round 1, 1st overall): The Orioles considered five players with the first selection in the draft, and at least so far, it appears they picked right. In his first full professional season, Holliday has zoomed throu...

What we learned from the 3-6 Chicago White Sox road trip, and what’s ahead as they host the City Series and the trade deadline nears

Published Tue, 05 Nov 2024 10:53:55 GMT

The Chicago White Sox exhibited the traits of the team many predicted they could be while winning two of three games against the Atlanta Braves at Truist Park in their first series after the All-Star break.Unfortunately for Sox, many of the issues that have led them to their current place in the standings popped up while losing five of six against the New York Mets at Citi Field and the Minnesota Twins at Target Field.The Sox return home Tuesday to host the City Series against the Cubs. They’ll head into that matchup a season-high 19 games under .500 at 41-60 and 12 games out of first place in the American League Central.Instead of discussing moves to position themselves for making a run in the stretch drive, most of the recent national buzz surrounding the club has centered on which Sox veterans could be on different teams by the Aug. 1 trade deadline.Manager Pedro Grifol had a precise summary of where the Sox stood ahead of Saturday’s game against the Twins.“We h...