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GM forced to make tough decisions as EV market collapses

For the second time in three months, General Motors cut more than 1,000 jobs at Factory Zero, its all-EV assembly plant in Detroit-Hamtramck, Michigan, at least temporarily, as it “rightsizes” its electric vehicle production amid… 

Schwab warns private credit investors

Private credit has been investors’ choice of Wall Street for years, drawing in everyone from pension funds to retirees. This is due to the promise of higher yields than bonds, steady income, and portfolio diversification…