Today’s Business and Stock Market News: Live

Author : iftanajuha22
Publish Date : 2021-05-30 10:58:27


Today’s Business and Stock Market News: Live

General Motors said on Thursday that it would restart four North American plants that had been idled for much of the last four months because of the global shortage of computer chips.

The announcement comes after the company and other automakers have spent much of the last few months announcing they were idling factories and slowing production because they could not get enough of the tiny parts, which are essential to not just cars but also electronics, appliances and many other goods. Shares of G.M. jumped on the news and were trading up more than 2 percent at 1 p.m.
The automaker said it planned to restart production of the Chevrolet Camaro at its Lansing Grand River factory in Michigan on June 21, sooner than previously expected. The plant has been idle since Feb. 5. Production of two other vehicles, the Cadillac CT4 and CT5 sedans, will restart a week later.

A Canadian plant that makes the Chevrolet Equinox sport-utility vehicle will resume operations June 14 and run through July 2, when it will begin a normal two-week summer shutdown. The plant, know as CAMI Assembly, has been closed since Feb. 8.

Two S.U.V. plants in Mexico will restart on Monday. These include a factory in San Luis Potosi that makes the Equinox and GMC Terrain, and another in Ramos Arizpe that makes the Equinox and the Chevy Blazer.

The automaker said it planned to restart production of the Chevrolet Camaro at its Lansing Grand River factory in Michigan on June 21, sooner than previously expected. The plant has been idle since Feb. 5. Production of two other vehicles, the Cadillac CT4 and CT5 sedans, will restart a week later.

A Canadian plant that makes the Chevrolet Equinox sport-utility vehicle will resume operations June 14 and run through July 2, when it will begin a normal two-week summer shutdown. The plant, know as CAMI Assembly, has been closed since Feb. 8.

Two S.U.V. plants in Mexico will restart on Monday. These include a factory in San Luis Potosi that makes the Equinox and GMC Terrain, and another in Ramos Arizpe that makes the Equinox and the Chevy Blazer.

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Three months after the death of the right-wing talk radio star Rush Limbaugh, Premiere Networks announced that Clay Travis and Buck Sexton would take over his time slot.

The duo will host a weekday program from noon to 3 p.m. Eastern time that will be syndicated by Premiere Networks, a division of iHeartMedia, to hundreds of radio stations across the United States, the network said Thursday.

The broadcaster has been running old episodes of “The Rush Limbaugh Show” in the time slot since Mr. Limbaugh’s death in February. “The Clay Travis & Buck Sexton Show” will start on June 21. The hirings were reported earlier by The Wall Street Journal.

Mr. Limbaugh died on Feb. 17 at age 70 from complications of lung cancer. He had dominated the conservative media landscape for more than three decades with his provocative commentary and propensity to push conspiracy theories. At the time of his death, he had a following of roughly 15 million listeners.

Premiere Networks is hoping to retain that audience with its new picks, but the pair face competition from Mr. Limbaugh’s counterparts on other networks. Cumulus Media’s Westwood One arm announced in April that the right-wing commentator Dan Bongino would take over the noon-to-3 slot on its radio stations with a new show. Radio America recently re-signed a multiyear deal with Dana Loesch, the former National Rifle Association spokeswoman, who also has a program in the same time slot.

Mr. Travis, 42, is the founder of the sports and politics website Outkick.com, which was recently bought by Fox Corporation. He hosts a nationally syndicated show on Fox Sports Radio and co-hosts a daily sports betting TV show on Fox Sports 1. Mr. Sexton, 39, a former C.I.A. officer, has his own three-hour weekday talk radio program on Premiere Networks and is a frequent Fox News guest.

A few weeks after receiving the second dose of a coronavirus vaccine, Debora Lima returned to an old routine: She pulled out her phone and requested an Uber ride so she could meet friends for dinner.

But instead of getting a ride within five minutes as she had expected, Uber surprised Ms. Lima with a 19-minute wait and a pricey fare. It wasn’t a one-time glitch. Ms. Lima, a 28-year-old Miami resident, used to plan on spending $100 a month for frequent Uber trips. Just two recent rides ate through half of her monthly budget.

As the coronavirus pandemic appears to recede in the United States and more people return to traveling, socializing and using ride-hailing apps, they are discovering that those cheap and quick rides have become more costly and not so readily available. Customers around the country say they have been startled by the price jumps. In some cases, they say



Category : business

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