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General Motors Chair and CEO Mary Barra is shown on screen via livestream as she introduces her digitally delivered keynote address at CES 2022 at The Venetian Las Vegas on January 5, 2022 in Las Vegas, Nevada.Ethan Miller | Getty ImagesDETROIT — General Motors has agreed to establish a joint venture with Lithium Americas Corp. that includes the automaker supplying $625 million in cash and credit to the Canadian mining business, the companies announced Wednesday.The deal is centered on the development, construction and operation of a lithium carbonate mining operation called Thacker Pass in Humboldt County, Nevada. Lithium is a key component for batteries that power electric vehicles.Securing raw materials such as lithium from the U.S. is crucial to GM's plans to profitably grow its all-el...

Barry Bannister is unimpressed by the stock market's run to record highs. The broad market index has soared to record levels to start the fourth quarter, as the Federal Reserve begins its rate-cutting cycle. Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. It closed at 5,815.26 on Tuesday, despite a decline. But Stifel Financial's chief equity strategist is sticking to his bearish stance. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "Sure, we can cherry-pick with the best of them and apply the most over-valued cyclically adjusted valuation level of the past 35 years to show about 10% further upside [to 6,400], but that same analysis of a cent...

Kindle Colorsoft 2024AmazonAmazon on Wednesday announced a new Kindle e-reader, and for the first time ever it has a color display.The retailing giant introduced the Kindle in 2007, and every device since then has had a black-and-white screen. The new Kindle has a display that's designed to ensure colors don't appear washed out or pixelated, even when users zoom in on images.The $279 device, which Amazon is calling the Kindle Colorsoft, has "weeks of battery life," the company said. It can be preordered now and ships on Oct. 30.Amazon also unveiled a refreshed $399 Kindle Scribe with new note-taking features, an updated $159 Kindle Paperwhite and a 12th generation Kindle, which costs $109. At a press event in New York on Tuesday, Amazon's devices chief, Panos Panay, called the updates the ...

The senior housing industry is approaching its "golden age" and Bookdale Senior Living should benefit, according to Jefferies. Analyst Brian Tanquilut initiated coverage of Brookdale Senior Living with a buy rating, saying that the sector should benefit from better occupancy as baby boomers "age into the sweet spot." "The combination of positive demographic trends, improved operations, and financial engineering ... should all translate to improved earnings performance that's not yet baked into the stock," he wrote. Along with the upgrade, Tanquilut established an $8 price target, reflecting 32% upside from Tuesday's close. The stock is up more than 4% this year. BKD YTD mountain Shares since the start of 2024 The firm expects Brookdale to experience heightened demand that should help accel...